long-term capital gain
Definition
Profit resulting from the sale of an asset held for at least a year. Long-term and short-term capital gains are taxed at different rates.
Use this term in a sentence
“ I hoped that there would be some long-term capital gain and I told my friend that we were gonna get it if all went well. ”
“ I tell investors to hold their investors for at least a year so they can get long-term capital gain rates and pay less taxes on their gains. ”
“ For tax purposes, John wanted to make sure to not sell his stock's until after a year since purchase as he would rather pay long-term capital gains that short term. ”
