The Holding Period of Property Received in a Like-Kind Exchange

question 55

Multiple Choice

The holding period of property received in a like-kind exchange:

• A)Begins on the date the exchange property is identified.
• B)Includes the holding period of the old asset exchanged.
• C)Begins on the date of the exchange.
• D)Begins up to 180 days prior to the exchange.

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Definitions:

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