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Monte inherited 1,000 shares of Corporation Zero stock from his father who died...

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Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2017. His father paid $45 per share for the stock on February 2, 2017. The FMV of the stock on March 4, 2017, was $50 per share. On September 4, 2017, the FMV of the stock was $55 per share. The executor did not elect the alternate valuation date. Monte sold the stock for $65 per share on October 10, 2017. What is the amount of the recognized gain? A. $0 B. $10,000 C. $15,000 D.$20,000 Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2017. His father paid $45 per share for the stock on February 2, 2017. The FMV of the stock on March 4, 2017, was $50 per share. On September 4, 2017, the FMV of the stock was $55 per share. The executor did not elect the alternate valuation date. Monte sold the stock for $65 per share on October 10, 2017. What is the amount of the recognized gain? A. $0 B. $10,000 C. $15,000 D.$20,000

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