1&2

What type of basis does a donee take from a donor? a. step up in basis b. carryover basis c. modified basis d. remodified basis e. calculated basis What type of holding period does a person receiving an inheritance have? a. It doesn't matter since it is always long term treatment b. tacked c. new holding period d. partial substituted holding e. donee gets six months of donor's holding period plus their own holding period What type of basis does a donee take from a donor? a. step up in basis b. carryover basis c. modified basis d. remodified basis e. calculated basis What type of holding period does a person receiving an inheritance have? a. It doesn't matter since it is always long term treatment b. tacked c. new holding period d. partial substituted holding e. donee gets six months of donor's holding period plus their own holding period