The Holding Period of Property Given Up in a Like-Kind

question 14

True/False

The holding period of property given up in a like-kind exchange includes the holding period of the asset received if the property that has been exchanged is a capital asset.

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Definitions:

Excessive Absenteeism

The frequent absence from work or duties without good reason, beyond what is deemed to be normal or acceptable.

Union Bodies

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work conditions, and rights.