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When property is sold to a related party, the holding period used to determine whether any...

When property is sold to a related party, the holding period used to determine whether any subsequent gains or losses are short-term or long-term depends on the holding periods of both the seller and the purchaser. True or False

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Expert Solution

TRUE.

In case of a property sold to related party a holding period is used to determine whether any subsequent gain had occured in between

ekkarill92 answered 2 years ago
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