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Hunter receives a gift from his grandmother on December 1, 2021. Grandmother paid $50,000 for the property on September 10, 1998. At the time
Hunter receives a gift from his grandmother on December 1, 2021. Grandmother paid $50,000 for the property on September 10, 1998. At the time of the gift, the property was appraised at $38,000, and grandmother paid gift tax of $400. Hunter sells the property on April 1, 2022 for $34,000. Hunter's holding period for the property starts when? O December 1, 2021 June 10, 1995 April 1, 2022 O Holding period is automatically long term September 10, 1998
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