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Zinaida [17]
2 years ago
8

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

riod begin for the partnership interest?
Business
1 answer:
Virty [35]2 years ago
7 0

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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