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Investors & landlords
LT refers to Long Term Capital Gains. ST is Short Term Capital Gain.
Long term Capital Gains are from stocks or assets that were held for more than a year. These gains get preferential tax treatment and are typically taxed at a lower rate.
Short Term Capital Gain is for items held less than one year. These gains are taxed at your highest marginal tax rate.
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‎February 20, 2020
3:57 PM