Multiple Choice
Kuda owns a parcel of land she acquired on June 1,2012,as an investment.She exchanges the land on July 5,2017,for a storage building to be used in her business and marketable securities to be held as an investment.On what date does the storage building's holding period begin?
A) June 1,2012
B) June 2,2012
C) July 5,2017
D) July 6,2017
Correct Answer:
Verified
Correct Answer:
Verified
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