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Capital Gains Summary Use the SA1082016 Capital Gains Summary Supplementary Pages to Record Your Capital Gains When Filing a Tax 2016

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short-term capital gains are capital gains that are generated on Capital assets that you have held for less than one year so for example this could include a capital gains that you made from buying Tesla stock or even holding GameStop and selling it for a profit so what are the tax rates for short-term capital gains well short-term capital gains are taxed ordinary income rates this means that if you have short-term capital gains you're tax like everybody else with a W2 job in other words the tax rates that you will pay for short term capital gains depends on your filing status and the amount of taxable income you generate per year

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