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15 December, 03:57

in a 351$ transfer grebe corporation receives property in exchange for stock. Will grebes holding period for the porperty be the same as the shareholders holding period for the stock. explain

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  1. 15 December, 06:55
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    No

    Explanation:

    Grebe Corporation's holding period includes the holding period of the property transferred.

    The transferor-shareholder's holding period, as to stock received for a capital assets, includes the holding period of the property transferred.

    The holding period for stock received for any other property begins on the day after the exchange.

    From the above explanation it is clear that, Grebes holding period for the porperty will not be the same as the shareholders holding period for the stock.
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