Hank Inherited Green Stock from His Mother When She Died

question 22

Multiple Choice

Hank inherited Green stock from his mother when she died. The mother had a tax basis of $366,000 for the Green stock when she died and the Green stock was worth $437,000 at the date of her death. Which of the statements below is correct?

• A) Hank's holding period for the Green stock includes his mother's holding period for the stock.
• B) Hank's holding period for the Green stock does not include his mother's holding period for the stock.
• C) Hank's holding period for the Green stock is automatically long term.
• D) b. and c.e. None of the above.

---

Definitions:

Population

The entire group about which the investigator wants to draw conclusions.

Traits

Characteristics or qualities that define an individual's personality or biological attributes.

Generation

The act of producing or creating something, or a group of individuals born and living at about the same time.

Original Organism

The first or earliest form of an organism from which others have evolved or derived.