Lauraís father, Albert, gave Laura a gift of 500 shares of Liba
Corporation common stock in 2012. Albertís basis for the Liba
stock was $4,000. At the date of this gift, the fair market value of
the Liba stock was $3,000.
If Laura sells the 500 shares of Liba stock in 2013 for $5,000,
her basis is