The First Day a Capital Asset,acquired on August 31,2013,may Be

question 38

True/False

The first day a capital asset,acquired on August 31,2013,may be sold for long-term capital gain or loss treatment is September 1,2014.

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Definitions:

Intermediate Scrutiny

A standard of constitutional review used by courts to evaluate laws that involve classifications based on gender or the legitimacy of children, requiring the law to further an important government objective in a way that is substantially related to that objective.

Means-Ends Test

The means-ends test is a principle used in law and ethics to evaluate whether the methods used to achieve a goal are appropriately and directly connected to the intended outcomes.

Constitutional Right

Rights afforded to individuals by the constitution that are protected from governmental interference.

Due Process

The principle that an individual cannot be deprived of life, liberty, or property without appropriate legal procedures and safeguards.