Rita died on January $1,2024$ owning an asset with a FMV of $$730,000$ that she purchased in $2011$ for $$600,000.$ Bert inherited the asset from Rita. When Bert sells the asset for $$800,000$ on

August $20,2024,$ he must recognize a

A$.$ STCG of $$200,000.$

B$.$ LTCG of $$200,000.$

C$.$ LTCG of $$70,000.$

D$.$ STCG of $$70,000.$