Jo's father Raul died on January 10, 2019. The father had owned stock since 2014 with a basis of $225,000 that was transferred to Jo when Raul died. The stock was worth $150,000 on the date of the father's death. Jo sold the stock for $175,000 net of commissions on February 23, 2019. Jo had no other sources of income during 2019.

What is the amount of Jo's gain or loss from disposition of the stock?

What is the nature (long or short term) of Phil's gain or loss from disposition of this?

What is Jo's taxable income for 2019?