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.

---

Definitions:

Avoidant Personality Disorder

A psychiatric disorder identified by an ongoing trend of avoiding social interactions, experiencing feelings of incompetence, and having a heightened reaction to unfavorable criticism.

Serotonin Reuptake Inhibitors

A class of drugs that inhibit the reuptake of serotonin in the brain, used to treat depression and anxiety disorders.

Social Anxiety

A chronic mental health condition characterized by significant fear of being judged or negatively evaluated by others, leading to avoidance of social situations.

Obsessive-Compulsive Personality Disorder

Pervasive rigidity in one’s activities and interpersonal relationships; includes qualities such as emotional constriction, extreme perfectionism, and anxiety resulting from even slight disruptions in one’s routine.