Andi died on August 19, 2020, when she owned securities with a basis of $100,000 and an FMV of $132,000. Toby inherited the property and sold it on September 15, 2020, for $150,000. What isToby's reported gain on this sale? (LABEL, SHOW ALL WORK AND CALCULATIONS)

A) $18,000 LTCG

B) $18,000 STCG

C) $50,000 LTCG

D) $50,000 STCG

Answer rating: 100% (QA)

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