long-term capital gain


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.

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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.

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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.

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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.

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ISO Jobs and Growth Tax Relief Reconciliation Act of 2003