The first day a capital asset acquired on August 31, 2018 may be sold for long-term capital gain or loss treatment is September 1, 2019.

Name: The first day a capital asset acquired on August 31, 2018 may be sold for long-term capital gain or loss treatment is September 1, 2019.
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Capital assets must be held for more than one year to qualify for long-term capital gain or loss treatment. August 31, 2018 to September 1, 2019 is more than one year.

The First Day a Capital Asset Acquired on August 31