Jill inherited 100 shares of gotech inc. stock when her mother died on october 21, 2015; the fair market value of the stock was $20 per share. her mother paid $200 per share when she purchased the stock march 1, 2006. if jill sells all 100 shares for $50 per share on july 3, 2018, how should she report the sale on her income tax return?

Jill earned a profit of $3000 on selling the shares she inherited. Since she sold the shares after holding it for more than one year (12 months), she should report the income as a long-term capital gain on her income tax return.

After her mother's death, Jill will inherit the 100 shares if Gotech inc at the fair market at the time of inheritance - 21st October  2015.

Her gain upon selling the shares on June 3 2018 is

Jill held on to shares for a little less than two years and eight months after inheriting them before she decided to sell.  

answer; ///i believe that the correct answer is (a); change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile