Long Term Capital Gains
Realized profits on assets held over 12 months.
Short Term Capital Gains
Realized profits on assets held 12 months or less.
Net losses may be written off against ordinary income up to a maximum of $3,000 per year.
Tax liability for a Long Term Capital Gain
15%, unless the investor is in the 39.6% tax bracket then the long term capital gain rate would be 20%.
Tax liability for a short Term Capital Gains
The rate of the investor's income tax rate
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