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The last day shares of stock purchased on May 8, 2018 could be sold and receive...

The last day shares of stock purchased on May 8, 2018 could be sold and receive short term gain or loss treatment is:

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The correct answer is May 7, 2019

The short term gain or loss is the profit or loss arises from the investment which are held for less than 1 year, In case of short term capital gain, the tax is charged at ordinary income taxes and in case of long term capital gain, it is taxed at 20% at maximum rate.

jeff jeffy answered 2 years ago
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