Billy contributes equipment used in a trade or business that he has held for more than 1 year to a partnership in exchange for a

Question

2 years ago

12

partnership interest. What is Billy's holding period immediately after the transfer and one year plus one day later?

1 answer:

mrs_skeptik [129] · Answer 1 · 2022-06-27T11:05:47+03:00

4 0

Answer:

The answer is that long-term immediately and long-term after the year

Explanation:

The holding period of the partnership interest tacks on the previous holding period of 1231 property contributed.