Hall, a divorced person and custodian of her 12-year old child, filed her 2013 federal income tax return as head of a household. She submitted the following information to the CPA who prepared her 2013 return:
• The divorce agreement, executed in 2011, provides for Hall to receive $3,000 per month, of which $600 is designated as child support. After the child reaches 18, the monthly payments are to be reduced to $2,400 and are to be continued until remarriage or death. However, for the year 2013, Hall received a total of only $5,000 from her former husband. Hall paid an attorney $2,000 in 2012 in a suit to collect the alimony owed.
• In June 2013, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which she bought in 1985, was $4,000, and market value on the date of the gift was $3,000. Hall sold his stock in July 2013 for $3,500. The donor paid no gift tax.
• During 2013, Hall spent a total of $1,000 for state lottery tickets. Her lottery winnings in 2013 totaled $200.
• Hall earned a salary of $25,000 in 2013. Hall was not covered by any type of retirement plan, but contributed $2,000 to an IRA in 2013.
• In 2013, Hall sold an antique that she bought in 1995 to display in her home. Hall paid $800 for the antique and sold it for $1,400, using the proceeds to pay a court-ordered judgment.
• Hall paid the following expenses in 2013 pertaining to the home that she owns: realty taxes, $3,400; mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used for home improvements. Hall does not rent out any portion of the home.
What was Hall's reportable gain or loss in 2013 on the sale of the 100 shares of stock gifted to her?