Wade inherited a piece of land from a family friend, Roger, $10$ months ago. At the time he inherited the land, its FMV was $$980,000.$ Roger$$s basis in the land was $$450,000$ the price he bought the land for $17$ years ago. Which of the following is correct? a$)$ If Wade sells the land today for $$700,000,$ he will recognize no gain or loss on the sale of his inherited property. b$)$ If Wade sells the land today for $$1,000,000,$ he will recognize $$20,000$ of capital gain. c$)$ When Wade sells the land, Roger$$s estate will recognize any related capital gain or loss on the sale. d$)$ If Wade sells the land today, the gain will be treated as short term.