Margaret died on September 16, 2018, when she owned securities with a basis of $50,000 and a FMV of $60,000. Caroline inherited the property and sold it on December 19, 2018 for $67,000. What is Caroline's reported gain on this sale?
A. $17,000 LTCG
B. $7,000 LTCG
C. $17,000 STCG
D. $7,000 STCG
Answer: B
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