What is the first day a stock purchased on March 15, 2021, can be sold for long-term capital gain consideration?

To determine the first day a stock purchased on March 15, 2021, can be sold for long-term capital gain consideration, it is important to understand the holding period requirements for long-term capital gains. A stock must be held for more than one year to qualify for long-term capital gains treatment.

Since the purchase occurs on March 15, 2021, the one-year holding period starts on that date. To qualify for long-term capital gains, the stock must be held until at least one year later, which means it must be owned until March 15, 2022. The first day that the stock can be sold and still qualify for long-term capital gains treatment would be the day after the one-year mark, which is March 16, 2022.

Consequently, the first day a stock purchased on March 15, 2021, can be sold for long-term capital gain consideration is March 16, 2022. This timeframe aligns with the requirement that the selling date must be after the one-year anniversary of the purchase date. Therefore, the correct answer is March 16, 2022, reflecting the understanding of the holding period necessary for long-term capital gains.