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21 May, 01:37

When property is contributed to a partnership in exchange for a capital and profits interest, when does the partner's holding period begin for the partnership interest?

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  1. 21 May, 05:19
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    Well here's what I can tell you,

    The day the contributed property was purchased.

    The day the partnership interest was acquired.

    Either one of these are true which also means they are both true.
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