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LSDefine

Simple English definitions for legal terms

holding period

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A quick definition of holding period:

Holding period refers to the amount of time that a person owns a capital asset, such as stocks or property, before selling or exchanging it. This time period is important for determining whether any gain or loss from the sale or exchange is considered long-term or short-term for tax purposes. Essentially, the longer you hold onto an asset, the more likely it is that any profit you make from selling it will be taxed at a lower rate.

A more thorough explanation:

Definition: Holding period refers to the length of time that a capital asset must be held before it can be sold or exchanged to determine whether the gain or loss from the transaction is considered long-term or short-term for tax purposes.

Example: If an individual purchases a stock on January 1st and sells it on June 1st of the same year, the holding period for that stock would be less than one year, making any gain or loss considered short-term. However, if the individual holds the stock until January 2nd of the following year before selling it, the holding period would be more than one year, making any gain or loss considered long-term.

The holding period is important because it determines the tax rate that will be applied to any gains or losses from the sale or exchange of a capital asset. Long-term gains are typically taxed at a lower rate than short-term gains, so it can be beneficial to hold onto an asset for at least a year before selling it.

holding-company tax | holding zone

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soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
10:36
they browse LSD?
soapy
10:37
Wouldn't be shocked if so; isn't this the biggest law school forum outside of Reddit?
10:37
i gotta change my username
10:37
not sure, the vid i sent used reddit as an example, however i guarantee they [adcoms] are aware of this site
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