Which of the following statements regarding capital asset holding periods is false? Group of answer choices A. Trade dates, rather than settlements dates, are used to determine the date of acquisition and sale. B.The holding period for property received as a gift usually includes the holding period of the donee. C.The holding period for property acquired from a decedent is long term even if the property is sold less than one year after it was acquired. D. A holding period of exactly one year or more is long term.
Which of the following statements regarding capital asset holding periods is false? Group of answer choices A. Trade dates, rather than settlements dates, are used to determine the date of acquisition and sale. B.The holding period for property received as a gift usually includes the holding period of the donee. C.The holding period for property acquired from a decedent is long term even if the property is sold less than one year after it was acquired. D. A holding period of exactly one year or more is long term.
Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges
Section: Chapter Questions
Problem 4BCRQ
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Question
Which of the following statements regarding capital asset holding periods is false?
Group of answer choices
A. Trade dates, rather than settlements dates, are used to determine the date of acquisition and sale.
B.The holding period for property received as a gift usually includes the holding period of the donee.
C.The holding period for property acquired from a decedent is long term even if the property is sold less than one year after it was acquired.
D. A holding period of exactly one year or more is long term.
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