Sold 1600 shares of BX corp stock at $4 per share. Green received these shares as a gift from his sister four years ago. The fair market value of the shares at the date of the gift was $7 per share. Greens sister inherited this stock from her stepmothers estate. At the date fo her death, seven years ago, the fair market value of this stock was $3 per share. The stepmother purchased this stock for $1 per share 10 years prior to death.