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

译者陈鹏，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，擅长翻译各种与诉讼及争议解决相关的法律文件。