Question: Jennifer contributed land with a FMV of $175,000 to the Jump & Tumble partnership this year. Jennifer purchased the land five years ago. Her basis

Jennifer contributed land with a FMV of $175,000 to the Jump & Tumble partnership this year. Jennifer purchased the land five years ago. Her basis in the land is $100,000. Jennifer was not required to recognize the built-in gain at the time she contributed the land to her partnership. When does the partnership's holding period for the land begin? Question 6Select one: a. The date the partnership recorded the deed for the property b. The date Jennifer contributed the property to the partnership c. The date Jennifer purchased the property d. The date Jennifer had the property assessment made

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