Question: Maria held vacant land that qualified as an investment asset
Maria held vacant land that qualified as an investment asset. She purchased the vacant land on April 10, 2010. She exchanged the vacant land for a rental house in a qualifying like-kind exchange on January 22, 2014. Maria was going to hold the house for several years and then sell it. However, she got an "offer she could not refuse" and sold it on November 22, 2014, for a substantial gain. What was Maria's holding period for the house?
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