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 $3,500,
what is the reportable gain or loss in 2013?