Rick inherits 275 shares of Add Corporation stock from his father. The stock cost his father $6,500 and had a $12,000 FMV on the date of his father's death in 2018. The alternate valuation date was not elected. If Rick sells the Add Corporation stock for $14,500, what would be his taxable gain on the sale? (Taxable gain = Proceeds of sale - Tax basis of stock sold)

Rick's taxable gain on the sale of Add stock is

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