Capital gains

Generally, Capital Gains are the result in the sale of assets such as stocks, bonds, real estate, etc. The tax rate charged on the gain in value of the asset depends on the length of time that the property is owned, For example, if you own a stock more than one year before you sell it, the capital gain tax rate is charged at as a ‘long-term” rate (currently 15%). If you own the stock less than a year, the tax on the gain in value would be charged at a higher, short-term rate.

Tax Topics Blog

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