The Holding Period for Property Acquired by Inheritance Begins on the Date

question 41

True/False

The holding period for property acquired by inheritance begins on the date of the decedent's death.

---

Definitions:

Kettle

A pitlike depression in glacial deposits, commonly a lake or swamp; formed by the melting of a large block of ice that had been at least partly buried in the glacial deposits.

Coastal Dunes

Sand formations located near coastlines, formed by the wind's movement of sand.

Shorelines

The boundary line between land and a body of water, such as a sea, lake, or river.

Tilt

A slant or lean in a particular direction, often away from a perpendicular or horizontal position.