In 2007,Savannah Purchased 200 Shares of Hi-Style Stock as an Investment.The

Multiple Choice

In 2007,Savannah purchased 200 shares of Hi-Style stock as an investment.The stock cost $17,000.In 2016 when the fair market value was $19,000,Savannah gave the stock to her daughter,Daniele.If no gift tax is paid and Daniele sells the stock for $20,000,she will recognize:

A) a $3,000 gain.
B) no gain or loss.
C) a $1,000 gain.
D) a $2,000 gain.