General Market Question
If I held a stock for 364 days would I pay short term cap gains tax or long term?
It's just shy of a year - does that work?
Asked by Creezy in
General Market
9 months ago
Best Answer
2082 points
alanj answered 9 months ago …
It will be short term. http://www.irs.gov/newsroom/article/0,,id=106799,00.html read number 5 on the list. It reads as follows. Note: Stock is considered property as far as the IRS is concerned.
5. Capital gains and losses are classified as long-term or short-term, depending on how long you hold the property before you sell it. If you hold it more than one year, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term.
