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View Full Version : How do you compute tax liability on net capital gain

jcarter613
Dec 20, 2009, 09:31 PM
Disallowances
AtlantaTaxExpert
Dec 21, 2009, 11:13 AM
Generally, short-term capital gains (one year or less) are taxed as ordinary income.

Long-term capital gains (more than one year) are taxed at either a 5% or 15% rate.