CesarJ
Employee Tax Expert

Investors & landlords

Capital gains are taxed differently depending on how long the underlying asset was held. Gains on assets held for less than a year (short-term) are subject to ordinary income tax rates. In contrast, gains on assets held for longer than one year (long-term) are taxed at preferential rates. In your case, it looks like your gains were from securities held for less than a year.

 

This link provides more information regarding short-term vs. long-term capital gains.
 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post