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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Per IRS regulations, an asset must be held for at least one year and one day to be eligible for long-term capital gain or loss treatment. This means that the first day an asset acquired on August 31, 2013, can be sold for long-term capital gain or loss treatment is September 1, 2014.

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