Posted by: Tax services August 26, 2015
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Mr. D,
There is no special tax treatment for short-term capital gain. It will be taxed at the ordinary rate which means whatever tax bracket you are in for the other income, same tax rate will apply for short term capital gain as well. The 0 % or 15% tax rates only apply to long term capital gain.
Hope this answered your question.
There is no special tax treatment for short-term capital gain. It will be taxed at the ordinary rate which means whatever tax bracket you are in for the other income, same tax rate will apply for short term capital gain as well. The 0 % or 15% tax rates only apply to long term capital gain.
Hope this answered your question.