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    jcarter613's Avatar
    jcarter613 Posts: 3, Reputation: 1
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    #1

    Dec 20, 2009, 09:31 PM
    How do you compute tax liability on net capital gain
    Disallowances
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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.
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