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Which of the following is TRUE concerning the character and holding period of distributed assets ( from a partnership ) ? A . Generally, character

Which of the following is TRUE concerning the character and holding period of distributed assets (from a partnership)?
A. Generally, character stays the same for the partner as it was in the partnership.
B. Inventory retains its character of ordinary asset (sold as ordinary income) for five years after distribution.
C. The partner's holding period includes the partnership's holding period.
D. All of the above choices are TRUE.
E. Some but not all of the above choices are TRUE.

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