Could someone tell me or direct me to a page that lists the percentages for short term capital gains? I know you pay a higher amount, but what is it, and what length constitutes a "short term"?

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Q. Could someone tell me or direct me to a page that lists the percentages for short term capital gains? I know you pay a higher amount, but what is it, and what length constitutes a "short term"?

A. >Could someone tell me or direct me to a page that lists the >percentages for short term capital gains? I know you pay a higher >amount, but what is it, and what length constitutes a "short term"? In the US, the dividing line is one year. Buy a stock or fund on (say) April 3 2002, sell it April 4 2003, and any gain or loss is "long term". Sell it two days earlier and the gain or loss is "short term". (I have never actually dealt with one held *exactly* one year and am not sure which side of the line that is.) For completeness, a capsule summary: Short-term gains and losses are combined on Form 1040, Schedule D; long-term gains and losses are also combined; and the net short-term gain or loss is mostly like ordinary income, while any net long-term gain or loss has special tax treatment. In particular, taxes on gains are capped at (now) 15%, and if losses exceed gains, up to $3000 of them can be taken against "ordinary income", with any remaining loss "carried forward" into subsequent years (to be used against those years' long-term gains and/or ordinary income).

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