The Holding Period for a Long-Term Capital Asset Must Exceed

question 41

True/False

The holding period for a long-term capital asset must exceed one year for tax-favored treatment.

---

Definitions:

Rigorous Training

Intensive, thorough, and demanding preparation or instruction, often used to achieve a high level of skill or knowledge.

Terrorism

The use of violence or the threat of violence, especially against civilians, in the pursuit of political goals.

Criminal Justice

The system of practices and institutions responsible for upholding social control, deterring, and mitigating crime, as well as sanctioning those who violate laws with criminal penalties and rehabilitation efforts.

Political Conflict

Disagreement or opposition between political parties or factions, often leading to tension or even violence.