The possible holding periods for capital assets include:
A)Short-term = held 14 months or less.
B)Long-term = greater than six months.
C)Long-term = greater than 12 months.
D)Short-term = greater than 12 months.
E)None of these.

Question

Quizplus · Accepted Answer

The correct holding periods for capital assets are Long-term = greater than 12 months and Short-term = held 12 months or less. Choices A, B and D contain incorrect information.

The Possible Holding Periods for Capital Assets Include