Series 7 - General Securities Representative Exam

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An investor buys a stock and holds it for 13 months before selling it for a gain. His gain will be taxed as

A Long Term Capital Gain
A
A Short Term Capital Gain
B
Ordinary Income
C
EBITDA
D

Explanations

After holding a security for more than one year, the gain is taxed as a long term capital gain

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