On January 1, 2011, Patrick Polk Purchased Real Estate as an Investment

On January 1, 2011, Patrick Polk purchased real estate as an investment. On April 1, 2011, Patrick exchanged it for other real estate in a nontaxable exchange. On February 1, 2012, Patrick sold the real estate for cash and realized a gain. ftis gain will be treated as

A) long-term capital gain.
B) short-term capital gain.
C) part nontaxable and part short-term capital gain.
D) part nontaxable and part long-term capital gain.