According to your textbook, you must own stock for a time period of at least...
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Accounting
According to your textbook, you must own stock for a time period of at least ___ in order for dividends you receive on that stock to be characterized as eli-gible dividends (or qualified dividends). But if youre a day trader and work the stock market all day long, buying and selling large volumes of shares, sometimes within minutes, isnt any dividend income you might receive on those stocks not eligible for qualified dividend treatment? Also, dont day traders lose out on the favorable LTCG tax rates? Comment, please.
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