Capital gain rates: Too good to be true? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Capital gain rates: Too good to be true?

Get PDF file

by on
in Small Business Tax

Q  Your article on capital gains says the capital gains rate is zero for 2008 if your joint income is in the 15% tax bracket or below. Our accountant disagrees. Is your article correct? J.C., Indiana

A  Yes. These preferential tax rates apply to your “net capital gain,” defined as the amount by which your net long-term capital gain for the year exceeds your net short-term capital loss. To qualify as a long-term capital gain, you must have held the asset for more than one year.

See IRS Publication 550, Investment Income and Expenses, at

Related Articles...

Leave a Comment

Previous post:

Next post: