Sadie sold 12 shares of stock to her brother, George, for $70016 months ago, Sadie had purchased the stock for $1,000 two years earliet. if George sells the stock for $1,300, what are the amount and character of his recognized gain or loss in the current year? Multiple Choice $300 long-term capital gain None of the choices are correct. 50 $300 short.term capital pain $600 short-term copital gain