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Simple English definitions for legal terms

long-term capital gain

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A quick definition of long-term capital gain:

A long-term capital gain is when you make a profit by selling something you own, like a stock or a piece of land, that you've had for more than a year. It's different from short-term capital gain, which is when you sell something you've owned for less than a year. Long-term capital gain is usually taxed at a lower rate than short-term capital gain.

A more thorough explanation:

A long-term capital gain is the profit made when a capital asset is sold or exchanged after being held for more than a year. A capital asset can be anything from stocks to real estate.

For example, if you bought a stock for $100 and sold it for $150 after holding it for more than a year, the $50 profit would be considered a long-term capital gain.

It is important to note that long-term capital gains are taxed at a lower rate than short-term capital gains, which are profits made from selling or exchanging a capital asset held for less than a year.

Overall, long-term capital gains are a way for individuals to make a profit from their investments and are an important aspect of the tax code.

longshoreman | long-term capital loss

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JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
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JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
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