Long / Short-Term Capital Gains / Losses
What is a “long-term capital gain”?
The IRS defines a long-term capital gain as the profit gained from the sale of an investment asset that has been owned for more than one year, beginning the day after you purchased the asset. Typical long-term capital gains tax rates may range from zero percent to 20 percent, depending on your tax bracket. The previous maximum long-term capital gains tax rate was 15 percent.