Tan, Inc., sold a forklift on April 12, 2020, for $8,000 (its FMV) to its 100% shareholder, Ashley. Tan's adjusted basis for the forklift was $12,000. Ashley's holding period for the forklift:

c. Begins on April 13, 2019

Explanation:

Options include "a. Includes Tan's holding period for the forklift. b. Begins on April 12, 2019. c. Begins on April 13, 2019. d. Does not begin until Ashley sells the forklift e. None of these. "

- Whenever a loss is being disallowed in party transaction, the norms is that there is no carryover of holding period.

- Tan has a $4,000 ($12,000 - $8,000) realized loss on the sale of the forklift to Ashley and the loss is disallowed because Ashley is a related taxpayer.

- Ashley’s holding period begins on the day after the property is acquired which is on April 13, 2019

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer; (inseparability);