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  1. business
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  3. transactions done within a year are known as short

transactions done within a year are known as short-term, and results from the transactions are...

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Accounting

transactions done within a year are known as short-term, and results from the transactions are either short-term gains or losses. And transactions done after a year are known as long-term, and results from the transactions are either long-term capital gains or losses. In the majority of the cases under the tax law, the transaction date is considered the date at which the losses or gains are recognized. When a series of transactions occur and there are gains

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