It is December 30th and you have stock in Zero Corporation that you bought on March 1st that has increased $2,000 in value. You are thinking of selling the stock. From a tax standpoint, what should you do with the Zero stock?
A) Sell it today.
B) Sell it on January 2nd of next year.
C) Wait until after March 1st of next year and sell it then.
D) Sell half the stock today and the rest on January 2.

Question

Quizplus · Accepted Answer

If you wait until after March 1st of next year to sell the stock, you will qualify for long-term capital gains tax rates, which are typically lower than short-term rates.

It Is December 30th and You Have Stock in Zero