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Term Of The Hour

defining capital gains: Original post by Erika Johansen of Demand Media A long-term capital gain is the profit received from the sale of a capital asset, such a stock or mutual fund, that is owned for one year or more. Capital gains receive different federal tax treatment than other forms of investment, and the tax owed on a capital gain is based on how long the asset was owned. Long-term capital gains have a lower tax…

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