Quiz: Tax benefit capital, planning, following, harvest, benefit

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Pick one and provide explanations.


Emmanuel Qi purchased 100 shares of QRS on September 23rd. It is now September 16th of the following year, and he is planning to sell the shares to harvest a capital gain. You have advised him to wait until September 24th to sell. This is an example of:

A) deferring the timing of the tax payment.
B) minimizing the amount of the tax payment.
C) both minimizing the amount and deferring the timing of the tax payment.