short term capital gain

The profit realized from selling or exchanging a capital asset held for less than a specified period, usu. one year.

• It is treated as ordinary income under current federal tax law. [Cases: Internal Revenue 3260. C.J.S. Internal Revenue § 127.]

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词条贡献者

资深译员Betty，毕业于亚洲一流的高级翻译学院，专注翻译各种与商业移民有关的法律文件。