What Is a Capital Gain?Ī capital gain happens when you sell or exchange a capital asset for a higher price than its basis. That means you could pay up to 37% income tax, depending on your federal income tax bracket. In the U.S., short-term capital gains are taxed as ordinary income. When you own an asset or investment for one year or less before you sell it for a profit, that’s considered a short-term capital gain.
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