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Moriah gives her son, Jake, stock. Assume stock has a basis of $8,000 and a fair market value of $6,000 on date of the gift.

Moriah gives her son, Jake, stock. Assume stock has a basis of $8,000 and a fair market value of $6,000 on date of the gift. Jake subsequently sells the stock for $10,000. What is his recognized gain or loss

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