True/False
Parker bought a brand new Ferrari on January 1,2010,for $125,000.Parker was fatally injured in an auto accident on June 23,2010,when the fair market value of the car was $98,000.In his will,Parker left the Ferrari to his best friend,Ryan.Ryan's holding period for the Ferrari begins on January 1,2010.
Correct Answer:
Verified
Correct Answer:
Verified
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