When is the gain on the sale or exchange of securities by a dealer in securities classified
Question:
When is the gain on the sale or exchange of securities by a dealer in securities classified as capital gain?
DealerA dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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The dealer must clearly identify that the security is held for inv...View the full answer
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Related Book For 
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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