Client inherited 1,000 shares of stock in the current tax year from his great uncle, who had purchased the stock 2 months before his death. Nine months later, Jefferies sells the stock at a gain. Which of the following best describes the reasoning for the holding period client will use for the inherited stock when he reports the gain on tax return?

a. Because he held the stock nine months, client's gain is short-term.

b. Even though his uncle's holding period is tacked on, the gain is short term because the stock was held for a total of 11 months.

c. Client's gain is long-term capital gain because he inherited the stock.

d. Gains and losses on inherited property are not reported on the donee's tax return.