BobKamman
Level 15
12-06-2024
04:49 AM
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Where have you read conflicting information? I'm always curious about what sources led others to ask here instead. IRS says "If you receive a gift of property and your basis in it is figured using the donor's basis, your holding period includes the donor's holding period." Maybe the conflicting information depends on whether the basis is that of the donor, or the (lower) FMV when the gift was received.