Question 62 of 75 Robert and his brother, William exchanged rental properties in April 2017. William sold the property he received in the exchange on January 1, 2018. What is the consequence to both brothers? Robert and Wimmed the holding period and have a notable exchange Wadd net meet the holding period Robert and Willam must recognize any gain or loss on the exchange Robert met the holding period and has a notable exchange William did not meet the holding period and must recognize any amoroas on the exchange Robert did not meet the holding period and must recognize any gain or loss on the exchange. William met the holding period and has a notable exchange