Ted inherits stock from his father. The father paid $100,000 for the stock but it was worth $130,000 at the date of his death. Ten months after inheriting the property, Ted sold the stock for $140,000.

What is the result of Ted's sale?

Question options:

	Ted has a long-term capital gain of $10,000
	Ted has a short-term capital gain of $10,000
	Ted has a short-term capital gain of $40,000