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3. Holding Period. (Obj. 2) State the time when the holding period begins on capital assets acquired by the following methods: a. Capital asset acquired

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3. Holding Period. (Obj. 2) State the time when the holding period begins on capital assets acquired by the following methods: a. Capital asset acquired by gift, if sold at a gain b. Capital asset acquired by gift, if sold at a loss (assume the fair market value (FMV) of the property was less than the donor's basis at the time of the gift) c. Property inherited from a decedent dying in 2018

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