The holding period of property acquired by gift may begin on: A. The date the property was acquired by the donor only.
B. The date of the gift only.
C. Either the date the property was acquired by the donor or the date of the gift.
D. The last day of the tax year in which the property was originally acquired by the donor.

Step-by-step explanation:

The answer is C. Either the date the property was acquired by the donor or the date of the gift.

Step-by-step explanation:

The donor's holding time is included in the holding period connected with the gain basis rule. The loss basis rule's holding period begins on the day of the donation.

hreryryrranswer:

step-by-step explanation:

2 & 7

step-by-step explanation:

he climbs 300 ft/hr at a constant rate. the peak is at 1,500 ft.

when going up, he reaches 600 ft in 2 hours. remember, that he is going in a constant rate. divide 600 with 300:

600/300 = 2

assuming that he takes the same route back (meaning that it's a 1500 ft route back, you can solve.

note also that you are solving when he gets back to 600 ft after he reaches the peak.

first, find the amount of hours it takes to get up the peak. divide the total amount (1500), with the ft/her (300) to get the amount of hours (x):

1500/300 = x

x = 5

it takes jamie 5 hours to get up. now, he is returning down, and reaches 600 (his current destination). remember that he climbs at a constant 300 ft/hr. divide 600 with 300:

600/300 = x

x = 2

now add the two numbers together.

x = 5 + 2 = 7

jamie takes 7 hours to go up the mountain and reach his current position when descending.

(total amount/constant rate) = (time).

remember that it is a constant rate, so in total, when he gets back down the mountain, it will take the same amount of time as when he goes up. the total amount for the round trip is: 5 + 5 = 10.

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