Income – Capital Gain or Loss

– Short-term property is held one year or less – Long-term property is held more than one year – Long-term capital gains are taxed at a lower rate than short-term gains – Brokers must report whether the gain or loss is short-term or long-term on Form 1099-B, unless the securities sold were noncovered securities • Proceeds from the sale:

  Terms, Capital, Gain, Term capital gains, Term gains