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Which of the following is true regarding a partner's holding period in partnership interest? O When a partner contributes capital assets or business property owned
Which of the following is true regarding a partner's holding period in partnership interest? O When a partner contributes capital assets or business property owned longer than a year, the holding period of the contributed property will carry over to the partnership interest. Only when a partner contributes appreciated property will the holding period carry over to the partnership interest. O Only when a partner contributes unappreciated property will the holding period carry over to the partnership interest, when a partner contributes property to the partnership, the holding period always carries over to the partnership O
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