_____ 3. The holding period for a long-term capital asset must exceed one year for tax-favored treatment.

Name: _____ 3. The holding period for a long-term capital asset must exceed one year for tax-favored treatment.
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The holding period for a long-term capital asset must exceed one year for it to qualify for tax-favored treatment. Short-term capital gains are taxed at a higher rate than long-term capital gains.

_____ 3 the Holding Period for a Long-Term Capital Asset Must