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An investor inherits a security and then sells it. How will they know whether they have to pay long- or short-term capital gains tax on
An investor inherits a security and then sells it. How will they know whether they have to pay long- or short-term capital gains tax on their profit? A A The type of capital gain will be based on the amount of time that the deceased held the securities. B The type of capital gain will be based on the combined amount of time that the deceased and the investor who inherited the securities held them. C The type of capital gain will be based on the amount of time that the investor who inherited the securities held them. D An investor always pays long-term capital gains tax on inherited securities
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