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Mark and Mary have been married for 12 years and have no children. The couple divorced several years ago. As part of the divorce agreement,

Mark and Mary have been married for 12 years and have no children. The couple divorced several years ago. As part of the divorce agreement, Mary transferred stock (FMV = $50,000, AB = $15,000) to Mark.

This year, Mark sold the stock for $50,000. What is Marks gross income (recognized gain) this year from the sale of the stock?

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