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LSDefine

Simple English definitions for legal terms

short-term capital gain

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A quick definition of short-term capital gain:

A short-term capital gain is when you make a profit by selling something, like a stock or land, that you've owned for less than a year. This profit is treated like regular income and is taxed accordingly. It's different from a long-term capital gain, which is when you make a profit by selling something you've owned for more than a year. Short-term capital gains are taxed at a higher rate than long-term capital gains.

A more thorough explanation:

A short-term capital gain is the profit made when a capital asset is sold or exchanged within a period of one year or less. This type of gain is treated as ordinary income under current federal tax law.

For example, if you buy a stock for $100 and sell it for $120 within six months, the $20 profit you made is considered a short-term capital gain. You will have to pay taxes on this gain at the same rate as your regular income.

Another example is if you sell a piece of property that you have owned for eight months and make a profit of $10,000. This profit is also considered a short-term capital gain and will be taxed as ordinary income.

Short-term capital gains are different from long-term capital gains, which are profits made from selling or exchanging a capital asset that has been held for more than one year. Long-term capital gains are taxed at a lower rate than short-term gains.

short-term alimony | short-term debt

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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