Spilker Taxation of Individuals and Business Entities Roger CPA Review Qu. 046 On November 1, Year 3, Ruth gave Helen a gift of stock worth $15,000. Ruth had purchased the stock on February 1., Year 3 for $17000. Helen sold the stock to an unrelated party on November 1 Year 4 for $17,700. What is the amount and character of Helen's gain or loss upon the sale? Multiple Choice $700 short-term capital gain $2,700 short-term capital gain $700 long-term capital gain $2.700 long-term capital gain