It is December 10th and you have a stock you purchased last January 5th,which has increased in value by more than $3,000.You think the stock will not significantly increase or decrease in value over the next month or so,and you would like to take your gain.What should you do?
A)Sell the stock today and take the gain
B)Wait until December 30th and sell the stock then
C)Sell the stock on January 6th or later
D)Do not sell the stock until it starts to go down in value

Question

Quizplus · Accepted Answer

Selling the stock on January 6th or later allows you to qualify for long-term capital gains tax rates, which are typically lower than short-term rates, as you will have held the stock for more than one year.

It Is December 10th and You Have a Stock You