Multiple Choice
Ramon is in the business of buying and selling securities. Which of the following is a capital asset for Ramon?
A) The securities he buys and sells each day in the normal course of his business.
B) The securities he designates as held for investment at the end of the day of acquisition.
C) The securities he holds more than 12 months.
D) All the securities he owns.
E) b., c., and d.
Correct Answer:
Verified
Correct Answer:
Verified
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