Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2017. His father paid S45 per share for the stock on February 2, 2017. The FMV of the stock on March 4, 2017, was S50 per share. On September 4, 2017, the FMV of the stock was S55 per share. The executor did not elect the alternate valuation date. Monte sold the stock for S65 per share on October 10, 2017. What is the nature of the recognized gain? A. No recognized gain B. Ordinary income C. Short-term capital gain D. Long-term capital gain Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2017. His father paid S45 per share for the stock on February 2, 2017. The FMV of the stock on March 4, 2017, was S50 per share. On September 4, 2017, the FMV of the stock was S55 per share. The executor did not elect the alternate valuation date. Monte sold the stock for S65 per share on October 10, 2017. What is the nature of the recognized gain? A. No recognized gain B. Ordinary income C. Short-term capital gain D. Long-term capital gain