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  3. on september 30, ?year 1, ?mr. ?c purchased invest

On September 30, ?Year 1, ?Mr. ?C purchased investment land. On April 15, ?Year 2,...

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Accounting

On September 30, ?Year 1, ?Mr. ?C purchased investment land. On April 15, ?Year 2, ?C traded his land for some other investment land in a nontaxable exchange. On October 5, ?Year 2, ?C sold the land received in the exchange for a gain. C's gain will be treated as
Part short-term capital gain, part long-term capital gain.
A short-term capital gain.
Part nontaxable, part long-term capital gain.
A long-term capital gain.
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?
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15~~
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