Long Term Capital Gain

Concept of Long Term Capital Gain in the context of Real Property

A short definition of Long Term Capital Gain: Gain on the sale of a capital asset which has been held for a specified time or longer. Long term capital gain is taxed at a special rate and not as ordinary income.

Concept of Long Term Capital Gain in the context of Real Property

A short definition of Long Term Capital Gain: Gain on the sale of a capital asset which has been held for a specified time or longer. Long term capital gain is taxed at a special rate and not as ordinary income.