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Income Tax Planning
Chapter 10: Basis Rules, Depreciation, and Asset Categorization/HOLDING PERIOD FOR GIFTED PROPERTY
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Chapter Study Session

Chapter 10: Basis Rules, Depreciation, and Asset Categorization

HOLDING PERIOD FOR GIFTED PROPERTY

01.Core Concepts

General Rule • Holding period in the hands of the donee includes the holding period in the hands of the donor. Exception • If double-basis asset is sold for a loss, holding period for donee starts on date of gift.