The gain or loss on an asset purchased on March 31,2013,and sold on March 31,2014,is classified as short-term.

Name: The gain or loss on an asset purchased on March 31,2013,and sold on March 31,2014,is classified as short-term.
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The holding period for a short-term capital gain or loss is one year or less, so buying an asset on March 31, 2013, and selling it on March 31, 2014, would result in a short-term gain or loss.

The Gain or Loss on an Asset Purchased on March