Phil's Father Who Died on January 10, 2019 Had Owned

Essay

Phil's father who died on January 10, 2019 had owned stock for 20 years with a basis of $45,000 that was transferred to Phil as a gift on August 10, 2018, when the stock was worth $430,000.Phil's father had paid no gift taxes.This stock was worth $566,000 at the date of the father's death.Phil sold the stock for $545,000 net of commissions on February 23, 2019.What is the amount and nature of his gain or loss from disposition of this property?