🎯Dividend Received Deductions and Charitable Contributions TF

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Vinny D 22 November 2024

For MCQ three, I thought the minimum holding period was 45 days, not 46 days. As per the lecture this is what was taught. Can you please clarify?

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1. Maroun, CPA 24 November 2024
  
  Hello Vinny,
  
  Please watch the lecture again around timestamp 16:10. The following is mentioned:
  “To prevent tax loopholes related to short-term stock holdings, a restriction was implemented stating that no dividends received deduction is permitted unless the corporation has held the stock for MORE than 45 days.”
  
  This means the holding period must exceed 45 days, which effectively makes the minimum holding period 46 days. If 45 days were acceptable, the wording would state “45 days or more” (≥ 45), rather than “more than 45 days” (> 45).
  
  I hope this clarifies the requirement. Let me know if you have further questions!
  
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🎯Dividend Received Deductions and Charitable Contributions TF

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