Sonya Inherits 1,000 Shares of Big Red Airline Corporation Stock

Multiple Choice

Sonya inherits 1,000 shares of Big Red Airline Corporation stock from the estate of her Uncle Tony.Tony died on August 4,2013.The stock's value on August 4,2013,is $2,000.Tony purchased the stock for $3,000 several years ago.Sonya sells the 1,000 shares for $2,300 on December 8,2013.What is Sonya's holding period of the stock?

A) Short-term.
B) Long-term.
C) Depends on which value is used.
D) Depends on whether an estate tax was paid.