In October 2014,Ben and Jerry exchange investment realty in a § 1031 likekind exchange.Ben bought his real estate in 2004 while Jerry purchased his in 2007.In addition to the realty,Ben receives Pearl,Inc.stock worth $10,000 from Jerry.Ben's realized gain is $30,000.On what date does the holding period for Ben's realty received from Jerry begin? When does the holding period for the stock he receives begin?

Question

In October 2014,Ben and Jerry exchange investment realty in a § 1031 like­kind exchange.Ben bought his real estate in 2004 while Jerry purchased his in 2007.In addition to the realty,Ben receives Pearl,Inc.stock worth $10,000 from Jerry.Ben's realized gain is $30,000.On what date does the holding period for Ben's realty received from Jerry begin? When does the holding period for the stock he receives begin?

Quizplus · Accepted Answer

The holding period for the like-kind property received .

In October 2014,Ben and Jerry Exchange Investment Realty in a §