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Question 10 2 pts Back in 2018, Nancy sold common stock to her son, John, for its fair market value of $11,250. She purchased

Question 10 2 pts Back in 2018, Nancy sold common stock to her son, John, for its fair market value of $11,250. She purchased this common stock in 2016 for $14,750. In turn, John sold the stock in 2021 for $19,500. How much gain is John going to recognize on the sale of the stock in 2021? $8,250 $3,500 $4,750 $1,250 $2,250

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