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Flyman, Inc., sold a piece of machinery on June 1 5 , 2 0 2 3 for $ 1 5 , 0 0 0 (
Flyman, Inc., sold a piece of machinery on June for $its FMV to its shareholder, Aaron. Flyman's adjusted basis for the machinery was $ Aaron's holding period for the
machinery:
a Begins on June
b Does not begin until Aaron sells the machinery.
c Includes Flyman's holding period for the machinery.
d Begins on June
e Begins on June
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