In the current year, Andrew received a gift of property from his uncle. The uncle had purchased the property 7 years ago. At the time of the gift the property had a FMV of $115,000 and an adjusted basis to his uncle of $70,000. This was the only gift to Andrew by his uncle during the year. Andrew's uncle paid a gift tax on the property of $24,000. Andrew held the property for 8 months then sold it for $105,800. What is the amount and character of Andrew's gain or loss on the sale of the property? $35.000 STCG $25.000 LTCG 19.200 STCL $11.800 LTCG