If a Stock Is Held for Less Than 12 Months

question 68

True/False

If a stock is held for less than 12 months, any gain in value is taxed as ordinary income.

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Definitions:

Sensory Neurons

Nerve cells that transmit sensory information (e.g., touch, sound, pain) from the body to the central nervous system.

Gray Matter

A part of the brain and spinal cord made primarily of neuronal cell bodies, dendrites, and unmyelinated axons, playing a key role in processing and regulating neural signals.

Cortex

The outer layer of an organ or structure, such as the cerebral cortex of the brain, which is involved in high-level functions including memory, attention, perception, awareness, thought, language, and consciousness.

Deep Cerebral Nuclei

Clusters of neurons in the deep regions of the cerebrum involved in regulating voluntary movement and learning.