Why are my capital gains from form 1099B taxed at regular income?

[mf_castro]

why are capital gains from 1099B taxed as regular income?

[CesarJ · Accepted solution]

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.