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1. Flyman, Inc., sold a piece of machinery on June 15, 2023 for $15,000 (its FMV) to its 100% shareholder, Aaron. Flyman's adjusted basis for

1. Flyman, Inc., sold a piece of machinery on June 15, 2023 for $15,000 (its FMV) to its 100% shareholder, Aaron. Flyman's adjusted basis for the machinery was $21,000. Aaron's holding period for the machinery: a. Does not begin until Aaron sells the machinery. b. Begins on June 16, 2023. c. Begins on June 15, 2023. d. Includes Flyman's holding period for the machinery. e. Begins on June 14, 2023

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