Which of the Following Sales Results in a Short-Term Gain/loss

question 86

Multiple Choice

Which of the following sales results in a short-term gain/loss?

• A)A capital asset bought on June 30, 2013 and sold June 20, 2014.
• B)A capital asset bought on July 25, 2013 and sold August 19, 2014.
• C)A capital asset bought on September 12, 2007 and sold August 19, 2014.
• D)A capital asset bought on August 15, 2013 and sold August 16, 2014.
• E)All of the above are long-term gains/losses.

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