Ramon Is in the Business of Buying and Selling Securities

question 51

Multiple Choice

Ramon is in the business of buying and selling securities. Which of the following is a capital asset for Ramon?

• A) The securities he buys and sells each day in the normal course of his business.
• B) The securities he designates as held for investment at the end of the day of acquisition.
• C) The securities he holds more than 12 months.
• D) All the securities he owns.
• E) b., c., and d.

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