Aliya held vacant land that qualified as an investment asset. She purchased the vacant land on April
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Aliya held vacant land that qualified as an investment asset. She purchased the vacant land on April 10, 2017. She exchanged the vacant land for a rental house in a qualifying like-kind exchange on January 22, 2021. Aliya was going to hold the house for several years and then sell it. However, she got an “offer she could not refuse” and sold it on November 22, 2021, for a substantial gain. What was Aliya’s holding period for the house?
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Labindao Antoque
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Related Book For 
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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