In 2016, Glen received a gift of 200 shares of common stock. The stock was...
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Accounting
In 2016, Glen received a gift of 200 shares of common stock. The stock was worth $8,000 when he received it. The donor had originally paid $10,000 for the stock when he bought it in 2014. If Glen sells the stock for $12,000 in 2017, what is his capital gain?
$0
$2,000
$4,000
$12,000
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