arianastudies385 arianastudies385

01-11-2017
Business

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When property is contributed to a partnership in exchange for a capital and profits interest, when does the partner's holding period begin for the partnership interest?

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FluttershyK22 FluttershyK22

01-11-2017

Well here's what I can tell you,

The day the contributed property was purchased.
The day the partnership interest was acquired.

Either one of these are true which also means they are both true.

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