Long Term Capital Gains Tax


Long Term Capital Gains Tax

Long-Term Capital Gains Tax: Understanding the Basics

Long-term capital gains tax is a levy imposed on profits made from the sale of capital assets, such as stocks, bonds, and real estate, held for more than one year. For example, if you purchase a stock for $1,000 and sell it a year later for $1,200, the $200 profit would be subject to long-term capital gains tax.

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