Question: Two months after Devante purchased blank anchor for $ 4 0 , 0 0 0 he died the fair market value of black ink there

Two months after Devante purchased blank anchor for $40,000 he died the fair market value of black ink there as of the date Davante's death was $45,000 he left black anchor to his son Calvin since Calvin was the only beneficiary of the two states there were no state taxes due the title of the property was purchased to Calvin within one month of Devante's death two weeks after receiving the title of the property Calvin South play for $48,000 what is the amount type of income that Calvin will report on the sale? $8000 short term game $8000 long-term gain $3000 short term gain $3000 long-term gain

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