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Laura’s father, Albert, gave Laura a gift of 500 shares of Liba Corporation common stock in 2012. Albert’s 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 $3,500, what is the reportable gain or loss in 2013?