Phils father Paul died on January 10, 2019. The father had owned stock since 2014 with a basis of $225,000 that was transferred to Phil when Paul died. The stock was worth $150,000 on the date of the fathers death. Phil sold the stock for $175,000 net of commissions on February 23, 2019. Phil had NO OTHER sources of income during 2019.

What is the amount of Phils gain or loss from disposition of the stock?

What is the nature (i.e. capital or ordinary? Long term or short term?) of Phils gain or loss from disposition of this property?

What is Phils taxable income for 2019?

Whats the federal income tax rate (% ?) that will apply to this transaction for 2019? (please assume that he is not eligible to use the Earned Income Credit)