Joan bought a bond several years ago for $23,000, Today, the value has declined to $18,000. If Joan gifts the bond to her brother today, all the following statements are true except?

A. If he sells the bond for $18,000 or less, his basis will be $18,000 and his holding period will be short-term.

B. If he holds the bond for 6 months, the price recovers and he sells it for more than $23,000, his basis will be $23,000 and his holding period will be short-term.

C. If he sells the bond for more than $18,000 but less than $23,000 there will be no gain whatsoever and the holding period won't matter.

D. If he sells the bond in 10 months for $23,000 exactly, there will be no gain but the holding period will be long-term.