Arthur, age 99, holds some land purchased many years ago for $100,000 which is now worth $80,000. He expects the FMV of the land to remain at $80,000 for the next few years after his death. He is trying to plan for the eventual disposition of this land. Arthur's only remaining family member is his grandson. If inherited, the grandson would sell the land shortly after Arthur's death. Arthur's tax bracket is 37%. He has substantial LTCG's each year. His grandson's tax bracket now and for the forseeable future is 10%. Arthur wants to minimize taxes for the two of them combined. For income tax purposes, Arthur should

Select one:

a. All of the above will result in the same income tax consequences.

b. sell the stock and gift the proceeds to his grandson.

c. gift the stock to his grandson.

d. leave the stock to his grandson as an inheritance.