A Shareholder's Holding Period for Stock Received Under § 351

question 97

True/False

A shareholder's holding period for stock received under § 351 can include the holding period of the property transferred to the corporation.

---

Definitions:

Earned Income

Income derived from active work, including wages, salaries, tips, and professional fees.

Graduate Assistantship

A form of financial aid provided to graduate students through part-time teaching or research duties, often including tuition remission and a stipend.

Tax Return

A document filed with a tax authority that reports income, expenses, and other pertinent tax information. Taxes are paid or refunds are requested via a tax return.

Scholarship

Financial support awarded to a student, based on academic achievement or other criteria, which does not need to be repaid.