On July 25, 2017, Marilyn gives stock with a FMV of $7,500 and a basis of $5,000 to her nephew Darryl. Marilyn had purchased the stock on March 18, 2017. Darryl sold the stock on April 18, 2018 for $7,800. As a result of the sale, what will Darryl report on his 2018 tax return?
A. $2,800 LTCG
B. $2,800 STCG
C. $300 STCG
D. $300 LTCG
Answer: A
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