Long Term And Short Term Capital Gain Definition
Q: Anyone know how long must you hold your stocks before it is considered long term capital gains ?
Can anyone point me to a web site that have these kind of information ?
A: -Twelve months. Go to the IRS web site- they have all sorts of information on line. -over 12 months. -For the information straight from the horse's mouth, try the IRS forms and publications at http://www.irs.ustreas.gov/prod/forms_pubs/index.html. Capital gains are reported on schedule D. ->Anyone know how long must you hold your stocks before it is considered long >term capital gains ? For at least twelve months, with the counting starting the day after the trade date [that's trade date, NOT settlement date]. >Can anyone point me to a web site that have these kind of information ? The IRS's WWW site. Look for Publication 550 "Investment Income and Expenses". Alternatively, just grab the instructions for Schedule D, which will be far shorter than Pub 550. .