Greg Received a Gift of 300 Shares of Stock from His

Essay

Greg received a gift of 300 shares of stock from his sister,Terri.The stock cost Terri $30,000 five years ago.At the date of the gift,the stock is worth $22,500.
a.If the stock is sold for $34,000,calculate the amount and nature of the gain or loss.
b.If the stock is sold for $20,000,calculate the amount and nature of the gain or loss.
c.If the stock is sold for $28,000,calculate the amount and nature of the gain or loss.