In 2018, Phuong Transferred Land Having a $150,000 FMV and a $120,000

In 2018, Phuong transferred land having a $150,000 FMV and a $120,000 adjusted basis, which is subject to a $110,000 mortgage in exchange for a one- third interest in the DSF Partnership. Phuong had purchased the land in 2013, but the mortgage was not received until 2014. The partnership owes no other liabilities. Phuong, Austin, and Alison share profits and losses equally and each has a one- third interest in partnership capital. The partnership's holding period for the land transferred by partner Phuong commences in

A) 2018.
B) 2014.
C) 2013.
D) The holding period is the same number of years that the partnership has been in existence.