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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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