Taylor Inherited 100 Acres of Land on the Death of His

Taylor inherited 100 acres of land on the death of his father in 2017. A Federal estate tax return was filed and this land was valued therein at $650,000, its fair market value at the date of the father's death. The father had originally acquired the land in 1971 for $112,000 and prior to his death he had expended $20,000 on permanent improvements. Determine Taylor's holding period for the land.

A) Will begin with the date his father acquired the property.
B) Will automatically be long-term.
C) Will begin with the date of his father's death.
D) Will begin with the date the property is distributed to him.
E) None of the above.