Understanding Long-Term vs. Short-Term Capital Gains

Author: External Author | | Categories: Individual Tax Preparation , Small Business Corporation , Small Business Taxes

Blogby Speedy Tax Preparation & Bookkeeping Service

When you sell a capital asset for more than you paid for it, the result is a capital gain. Capital assets include stocks, bonds, precious metals, jewelry, and real estate.1 The tax you'll pay on the capital gain depends on how long you held the asset before selling it. Capital gains are classified as either long-term or short-term and are taxed accordingly.

Original Article Source Credits:  Investopedia  , https://www.investopedia.com/

Article Written By:  CLAIRE BOYTE-WHITE

Original Article Posted on:  Feb 1, 2021

Link to Original Article:  https://www.investopedia.com/articles/personal-finance/101515/comparing-longterm-vs-shortterm-capital-gain-tax-rates.asp

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