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QUESTION Rita died on January 1, 2019 owning an asset with a FMV of 5730,000 that she purchased in 2010 for $600,000. Bertinherited the asset

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QUESTION Rita died on January 1, 2019 owning an asset with a FMV of 5730,000 that she purchased in 2010 for $600,000. Bertinherited the asset from Rita, When Bert sells the asset for $800,000 on August 20, 2019, he must recognize a LTCG of $200,000. LTCG of $70,000 STCG of $70,000 OSTCG of $200,000

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