If a capital asset acquired August 5, 2014 is sold on February 6, 2015, any gain is a short-term capital gain.

Question

Quizplus · Accepted Answer

When a capital asset is held for one year or less, any gain from its sale is considered as a short-term capital gain. In this case, the asset was held for less than a year (August 5, 2014 to February 6, 2015), so any gain from its sale would be considered a short-term capital gain.

If a Capital Asset Acquired August 5, 2014 Is Sold