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 gift only.
C)Either the date the property was acquired by the donor or the date of gift.
D)The last day of the tax year in which the property was originally acquired by the donor.
E)None of these.

Question

Quizplus · Accepted Answer

The holding period associated with the gain basis rule includes the holding period of the donor.The holding period associated with the loss basis rule begins on the date of the gift.

The Holding Period of Property Acquired by Gift May Begin