Capital Gains & Losses
What Is A Long Term Capital Gain ?
A long-term capital gain is any gain that you receive from the sale of stocks or other investment property which is held for more than one year. If you hold something for 365 days that is still considered short term. It has to be more than one year.
Note If you need professional help with "Capital Gains & Losses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.