Boyd Bayer acquired 100 shares of Evans Corporation stock for $3,000 on January 8, 2016....
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Boyd Bayer acquired 100 shares of Evans Corporation stock for $3,000 on January 8, 2016. He gave the stock to his daughter Susan on January 8, 2017, when the fair market value was $2,400. On March 22, 2017, Susan sold the stock for $1,500. What is the nature and the amount of the gain or loss for Susan in 2017?
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