Question: 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

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?

a) The day after the contribution date.

b) The day the property was contributed.

c) The day the partner purchased the contributed property.

d) The day the partnership interest was acquired.

e) Either (or both) c and d, depending upon the types of property contributed.

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