Sandi Sells 100 Shares of Gray Corporation Stock on December

question 50

Multiple Choice

Sandi sells 100 shares of Gray Corporation stock on December 4,2013.She inherited the stock from Christine,who died on January 30,2013.The executor of the estate used the primary valuation date.Sandi's holding period for the stock is

• A)Long-term.
• B)Short-term.
• C)Long-term if sold at a gain; short-term if sold at a loss.
• D)Short-term if sold at a gain; long-term if sold at a loss.

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