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John transfers property to ABC corporation in a 351 exchange. The property transferred was real...

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Question

Accounting

John transfers property to ABC corporation in a 351 exchange. The property transferred was real estate previously used in Johns business. John held the real estate for 8 months prior to transferring the real estate to the corporation in the 351 exchange. What is Johns holding period of his ABC stock on the date of the 351 transfer?

A. 0

B. 1 Day

C. 8 Months

D. None of the above

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