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 the above.

Question

Quizplus · Accepted Answer

According to IRS regulations, a capital asset is considered long-term if it is held for more than 12 months. Therefore, choice C is the correct answer. Choices A, B, and D do not accurately reflect the holding period requirements for capital assets.

The Possible Holding Periods for Capital Assets Include