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VMariaS [17]
3 years ago
13

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

Business
1 answer:
Artemon [7]3 years ago
8 0

Answer:

B

Explanation:

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4 years ago
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The day the property was contributed.

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2. If the capital asset or property contributed by the partner is exchanged for money, capital or other property, the beginning of the holding period of the partner in the day of acquisition of the interest, i.e., the day the property was contributed.

Since the question states that the property is contributed to a partnership in exchange for a capital and profits interest, rule number 2 above therefore applies. That is, the partner’s holding period begin for the partnership interest the day the property was contributed.

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