Tax Facts

8632 / What is the tax significance of short-term capital gain?

Updated: December 30, 2024 at 07:19 AM
Although as discussed in Q 8631 above, like long-term capital gain, short-term capital gain is netted against capital losses, net short-term capital gain is not subject to the preferential capital gains rates. Instead, such gain is taxed as ordinary income (up to 37 percent).

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