Question: On January 3 0 , 2 0 2 4 , Kate transferred a capital asset in exchange for a one - half interest in Hawkinsville
On January Kate transferred a capital asset in exchange for a onehalf interest in Hawkinsville LLC The asset has an adjusted basis to Kate of $ and a fair market value of $ She acquired the asset on February What is Kate's basis in Hawkinsville LLC When does the LLCs holding period for the capitalasset begin?$; January $; February $; January $; February
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