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RD
RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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How long must a capital asset be held to qualify for long-term

Customer Question

How long must a capital asset be held to qualify for long-term treatment?



a. 6 months.

b. One year.

c. One year and one day.

d. Same trade date one year from purchase.
Submitted: 5 years ago.
Category: Tax
Expert:  RD replied 5 years ago.

RD :

c. One year and one day.

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