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Under a Section 351 transaction, which of the following statements is false regarding holding periods?a)The holding period of stock received in exchange for Section 1231 property begins on the day after the exchange.b)The holding period of stock received in exchange for a capital asset includes the holding period of the property transferred to the corporation.c)The holding period of stock received in exchange for inventory begins on the day after the exchange.d)The corporation's holding period for property acquired in the transfer is the holding period of the transferor.
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