Multiple Choice
When property is contributed to a partnership for a capital and profits interest, the holding period of the contributing partner's interest:
A) Always starts the day after the contribution date.
B) Always starts the day the property was contributed.
C) May include the holding period of the contributed property.
D) Never includes the holding period of the contributed property.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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