Hugh inherits 300 shares of Atom Corporation stock from his father. The stock cost his father $7,500 and had a $8,500 FMV on the date of his father's death in 2018. The alternate valuation date was not elected. If Hugh sells the Atom Corporation stock for $11,900, what would be his taxable gain on the sale? (Taxable gain = Proceeds of sale - Tax basis of stock sold)

Hugh's Taxable Gain On Sale of Stock