What is the time limit on short-term gain?

Name: What is the time limit on short-term gain?
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Question

Quizplus · Accepted Answer

The time limit on short-term gain is 12 months. This means that if an asset is sold for a profit within 12 months of purchase, the gain is considered short-term and is subject to higher tax rates. Therefore, the best choice is C as it correctly identifies the time limit on short-term gain.

What Is the Time Limit on Short-Term Gain