Sadie sold 10 shares of stock to her brother, George, for $680 sixteen months ago. Sadie had purchased the stock for $960 two years earlier. If George sells the stock for $1,240 what is the amount and character of his recognized gain or loss in the current year? Multiple Choice $280 short-term capital gain. None of the choices are correct. $0. $560 short-term capital gain. $280 long-term capital gain.