Stock purchased on December 15,2012,which becomes worthless in March 2013 produces a STCL since the holding period is one year or less.

Name: Stock purchased on December 15,2012,which becomes worthless in March 2013 produces a STCL since the holding period is one year or less.
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Question

Quizplus · Accepted Answer

The holding period for the stock is less than one year but it is not sold, it becomes worthless. Therefore, it produces a capital loss, but not a short-term capital loss.

Stock Purchased on December 15,2012,which Becomes Worthless in March 2013