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Discussion Question 13-12 (LO. 3) Thelma inherited land from Sadie on June 7, 2019. The land appreciated in value by 100% during the six months Sadle owned it. The value has remained stable during the three months Thelma has owned it, and she expects it to continue to do so in the near future. Although she would like to sell the land now, Thelma has decided to postpone the sale for another three months. The detay is undertaken to enable the recognized gain to quality for long-term capital gain treatment For inherited property, Thelma's holding period Therefore, if she sells the property now, it will be treated as a Includes not only her own holding period but also that of Sadie is automatically long-term is automatically short-term starts on the date the property was inherited Carp Discussion Question 13-12 (LO. 3) Thelma inherited land from Sadie on June 7, 2019. The land appreciated in value by 100% during the six months Sadie owned it. The value has remained stable during the three months Thelma has owned it, and she expects it to continue to do so in the near future. Although she would like to sell the land now, Thelma has decided to postpone the sale for another three months. The delay is undertaken to enable the recognized gain to quality for long-term capital gain treatment For inherited property, Thelma's holding period Therefore, if she sells the property now, it will be treated on a capital gain or loss long-term short-term