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Tuesday, December 17, 2013

Duration to consider Long Term

I bought a stock on 1/8/2013. If I sell it @ 9:30am on 1/9/2014 and assume I make $$ on it. That's considered long term capital gain because it's on the 366th day right?

Answer :

Correct;UNLESS you sell it on 12:00pm of 1/8/2014. Long-term capital gains are the profits made when you have sold an asset that you have held for at least a year.

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