Julie, single with AGI of $75,000. Determine the amount & character of her gain/loss in the following situations.

A.She inherited stock from her father on 9/30/X8 when its FMV was $20,800. Her father had bought the stock in 2001 for $1,500. On the date of his death (5/30/X8) the stock's FMV was $21,700. On 11/30/X8, the stock's FMV was $18,500. The executrix uses the alternative valuation date for valuation. She sells the stock for $20,200 on 4/1/X9.

B.Same as A except executrix uses the primary valuation date for valuation.

C. Same as A except she received the stock on 12/15/X8.