Brian's father died 10 years ago. Brian inherited the family house from his grandma Sally in 2021. Sally bought the house 50 years ago for $300,000. At the time of Sally's death, FMV of the house was $1.4M. Brian sold the house 9 months later for $1.5M (after commission and fees). Which of the following statement is true? He has a LTCG of $100,000 He has a STCG of $1.2M He has a LTCG of $1.2M He has a STCG of $100,000