On July 1, 2017, Jerry gifts to Joanne some shares of stock in BL Company. The value of the stock on the date of the gift was $14,000. Jerry had acquired the stock three years earlier for $6,000. Jerry paid gift tax of $4,800 on the transfer. Assume that the exclusion amount for gifts is not available. Joanne sold the stock for $18,000 on July 1, 2018 (exactly one year from the date of the gift). What is Joannes tax consequence?

a.A short-term capital gain of $9,257.

b.A long-term capital gain of $9,257.

c. A long-term capital gain of $12,000.

Please explain your answer, thank you, its helpful.