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Property is acquired in a qualifying like-kind exchange. The acquired property is sold three months after it is acquired. Which of the following is correct?

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Property is acquired in a qualifying like-kind exchange. The acquired property is sold three months after it is acquired. Which of the following is correct? Select one O a. Since the holding period of the property given up in the exchange "tacks" to the holding period of the acquired property, the holding period of the acquired property could be long-term. O b. None of the above O C. The holding period of property acquired in a like-kind exchange is always long-term. O d. The holding period of the acquired property is short-term O e. When property acquired in a like-kind exchange is dsposed of, the holding period is not relevant

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