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January 24, 2021 6:49 AM newsfeedback@fool.com (Charlene Rhinehart, CPA)
Posted:
Updated:
January 26, 2021 3:58 AM
The stock market provides investors with a great opportunity, but if you don’t understand how holding periods work, you may also give up a lot of your gains through taxes.
The holding period is the amount of time you’ve owned a stock, and this time frame can be the difference between paying no taxes or giving up thousands of dollars to the IRS. To clear up any confusion around holding periods and how it may impact your tax bill, here are some points to remember as you prepare to file your tax return.