Which of the following statements is incorrect?

	a.	Property acquired from a decedent can be sold for a short-term capital gain.
	b.	"Tacking of holding period" means that the holding period of the property given up in the exchange is added to the holding period of the property acquired in the exchange for purposes of determining whether a long-term or short-term gain occurs when the newly acquired asset is sold.
	c.	In a like-kind exchange under IRC 1031, there is tacking of the holding period for the like-kind property exchanged.
	d.	In a like-kind exchange, there is no tacking of holding period for the boot property. It's acquisition date is deemed to be the date of the exchange.