WilliamP
Level 2

Bob the acquisition date would be the original purchase date, if it was a tax free contribution.    There are special rules to account for the built in gain and loss on the date of contribution.   The other partners would not be able to take the 25% deduction on the date of sale, if the original acquisition date was prior to 2012.   That and gifts is probably the reason AZ requires actual verification of purchase date.

 

    

 

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