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Thelma inherited land from Sadie on June 7, 2015. The land appreciated in value by 100% during the six months it was owned by Sadie

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Thelma inherited land from Sadie on June 7, 2015. The land appreciated in value by 100% during the six months it was owned by Sadie The value has remained stable during the three months Thelma has owned it, and she expects it to continue to do so in the near future. Although she would like to sell the land now, Thelma has decided to postpone the sale for another three months The delay is to enable the recognized gain to qualify for long-term capital gain treatment. Evaluate Thelma's understanding of the tax law

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