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When property is contributed to a partnership for a capital and profits interest, the holding period of the contributing partners interest: a. May include the
When property is contributed to a partnership for a capital and profits interest, the holding period of the contributing partners interest:
a. | May include the holding period of the contributed property. |
b. | Always starts the day after the contribution date. |
c. | Always starts the day the property was contributed. |
d. | Never includes the holding period of the contributed property. |
e. | None of the above. |
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