How long must a capital asset be held to qualify for long-term treatment?

Name: How long must a capital asset be held to qualify for long-term treatment?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In order to qualify for long-term treatment, a capital asset must be held for more than one year and one day. Options A and D do not provide a long enough holding period, and option B is incorrect as it only specifies one year without considering the additional day required for long-term treatment.

How Long Must a Capital Asset Be Held to Qualify