Capital gains are reported on Schedule D. If you have long-term capital gains, your tax return will include a Qualified Dividends and Capital Gain Tax Worksheet (Qual Div/Cap Gn) that shows how your total tax was figured.
- Gains you make from selling assets you’ve held for a year or less are called short-term capital gains, and they generally are taxed at the same rate as your ordinary income, anywhere from 10% to 37%.
- Gains from the sale of assets you’ve held for longer than a year are known as long-term capital gains, and they are typically taxed at lower rates than short-term gains and ordinary income, from 0% to 20%, depending on your taxable income.
2024 Capital Gain Rates
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