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On September 1, 2022, Hank inherited Green stock from his mother who died August 1, 2022. The mother had purchased the stock on July 1,
On September 1, 2022, Hank inherited Green stock from his mother who died August 1, 2022. The mother had purchased the stock on July 1, 2022. Hank sold the stock on October 1, 2022. Hank has a a. short term capital loss, because his holding period for the Green stock started July 1, 2022. b. short term capital loss, because his holding period for the Green stock started August 1, 2022. c. short term capital loss, because his holding period for the Green stock started September 1, 2022. d. long term capital loss, because his holding period for the Green stock is automatically long term
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