What Is The Character of The Income? Flashcards
1
Q
What are capital assets?
A
Investment assets
2
Q
How long must capital assets be kept in order to enjoy the lower tax rate?
A
at least 1 year
3
Q
T or F: Capital assets no not include inventory, property held primarily for sale to customers, depreciable property, and copyrights.
A
True.
4
Q
Are dividends on stock eligible for capital gains rates?
A
Yes
