Question

Hue purchased 50 shares of stock on April 24, 2019. The price skyrocketed, so she decided to sell the stock in April of 2020. What date should she sell the shares if she wanted to make sure her gain was long-term?
April 15, 2020.
April 23, 2020.
April 24, 2020.
April 25, 2020.

Answer 1

Answer:

April 25, 2020

Explanation:

April 25, 2020

In order for an investment to be considered long-term, it must be held for longer than 1 year.

April 24th is not longer than a year, the only answer that is longer than a year of holding is April 25, 2020