Sandi sells 100 shares of Gray Corporation stock on December 4,2017.She inherited the stock from Christine,who died on January 30,2017.The executor of the estate used the primary valuation date.Sandi's holding period for the stock is

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When an individual inherits stock, the holding period begins on the day after the individual received the inheritance. In this case, Sandi received the stock on January 30, 2017, so her holding period began on January 31, 2017. Since she sold the stock on December 4, 2017, her holding period is more than one year, making it long-term regardless of whether the stock was sold at a gain or loss.

Sandi Sells 100 Shares of Gray Corporation Stock on December