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6. In October 2017, Ben and Jerry exchange investment realty in a 1031 like-kind exchange. Ben bought his real estate in 2006 while Jerry purchased

6. In October 2017, Ben and Jerry exchange investment realty in a 1031 like-kind exchange. Ben bought his real estate in 2006 while Jerry purchased his in 2009. In addition to the realty, Ben receives Pearl, Inc. stock worth $10,000 from Jerry. Bens realized gain is $30,000. a. When does the holding period begin for the realty and why? b. When does the holding period begin for the stock and why?

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