A Shareholder's Holding Period for Stock Received Under § 351

question 97

True/False

A shareholder's holding period for stock received under § 351 can include the holding period of the property transferred to the corporation.

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Definitions:

U.S. Imports

Goods and services brought into the United States from other countries for sale.

Net Exports

The value of a country's total exports minus the value of its total imports.

Infant Industries

Industries in the early stages of development that may be protected from international competition to allow them to grow.

Free Trade

Free trade is a policy to eliminate restrictions on international trade, allowing goods and services to move freely across borders without tariffs, quotas, or other barriers.