Geraldine inherited a piece of land when her father Albert died on July 26, 2019 The FMV of the land at the date of death was $40,000 and cost Albert $20,000 in 2013. Geraldine sold the land on March 29, 2020 for $45,000. What are the amount and nature of the gain on the sale? Multiple Choice $5,000 ordinary gain 55.000 capital gain 525.000 ordinary gain $25.000 capital gain