Question: n June 3 0 , 2 0 2 4 , Karl purchased a truck. On March 3 1 , 2 0 2 5 , he

n June 30,2024, Karl purchased a truck. On March 31,2025, he transferred it to Elle Corporation in exchange for 90% of the outstanding stock of Elle plus $2,000 cash. As of ecember 31,2025, what is Elle Corporation's holding period?
12 months
9 months
6 months
18 months
n June 3 0 , 2 0 2 4 , Karl purchased a truck. On

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