Norman received shares of stock as a gift from his uncle in 2018. At the time of the gift, the stock had a FMV of $5,000. The uncle purchased the stock in 2016 and had a basis of $6,000. If Norman sells the stock for $7,000 in 2020, he will report a Multiple Choice $1.000 ordinary gain $2.000 ordinary gain $1.000 copital gain $2.000 copital gain