The Holding Period of Property Acquired by Gift That Is

question 11

True/False

The holding period of property acquired by gift that is sold at a gain is always treated as having a long-term holding period.

---

Definitions:

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Loan

A sum of money borrowed that is expected to be paid back with interest.

Investment Bank

A financial institution that acts as an intermediary in the issuance of securities and offers corporate services like mergers and acquisitions advice.

CDOs

Abbreviation for Collateralized Debt Obligations, a type of structured asset-backed security with multiple tranches.