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See the answer below!
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Question (Relevant to the Series 6, Series 7, Series 62, Series 65, Series 66, Series 82)
To qualify as a long-term capital gain or loss, stock must be held for more than one year. At purchase, the holding period clock begins:
A. On the trade date
B. One day after the trade date
C. On the settlement date
D. One day after the settlement date
Answer: B. According to the IRS, the holding period clock begins the day after the shares were purchased.
A
B