Recommendations & StrategiesPregunta 46 de 100
A client sells stock held for 14 months at a gain. This gain is generally taxed as:
a.A long-term capital gain, taxed at preferential rates
b.A short-term capital gain, taxed as ordinary income
c.Tax-free
d.Subject to a 10% early withdrawal penalty
Explicación
Assets held longer than one year produce long-term capital gains, which are taxed at preferential rates below ordinary income rates. A 14-month holding period exceeds the one-year threshold. Short-term gains, from holdings of one year or less, are taxed as ordinary income.
Practica las 100 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Bond laddering is a strategy primarily used to manage which risk?
- An investor holds municipal bonds. The interest is generally MOST attractive to which type of investor?
- Under the strategic asset allocation approach, an investor primarily:
- An investor sells a stock at a loss and repurchases the same stock 10 days later. The wash-sale rule will:
- The Sharpe ratio measures:
- Beta measures a security's:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con NASAA Series 66 Uniform Combined State Law Exam · Cómo revisamos