To compute the holding period, start counting on the day after the property was acquired and include the day of disposition.

Name: To compute the holding period, start counting on the day after the property was acquired and include the day of disposition.
Brand: Quizplus
Rating: 4.8 (28 reviews)

Question

Quizplus · Accepted Answer

To compute the holding period, you start counting from the day after the property was acquired and include the day of disposition, which means the holding period is calculated based on the number of calendar days the property was held.

To Compute the Holding Period, Start Counting on the Day