16. Which of the following transition may generate capital gains or a. sale of inventories b. sale of securities by dealens c. sale of houses by realty companies losses? d. when nonbusiness bad debts become completely worthless 17. Which of the following statement a For the inherited property, the heir's holding period includes the holding period of is correct regarding the holding period? b. The holding period of property received in a like-kind exchange includes the holding period of the property given up in the exchange c When a loss is disallowed in a related party transaction, there is a carryover of holding period The holding period of property received in an involuntary conversion exchange starts on d. the day after the replacement property is acquired. 18, which of the following transaction may generate a long-term capital gain subject to 28% marginal rate? a. Sale of Vincent van Gogh's Paintings b. Sale of stock held for 14 months Sale of machines used in business c. Sale of$1231 assets d