6. Which of the following statements is true? a) The holding period for inherited property is treated as short-term no m

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answerhappygod
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6. Which of the following statements is true? a) The holding period for inherited property is treated as short-term no m

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6. Which of the following statements is true?
a) The holding period for inherited property is treated as short-term no matter how
long the property is actually held by the heir.
b) Property must be held more than two years to qualify for long-term capital gain or
loss treatment.
c) If a donee's basis in the gifted property is the carryover basis, the donee's holding
period begins on the date the donor acquired the property.
d) The holding period of property received in a like-kind exchange begins on the date of
the exchange and does not include the holding period of the former asset
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