Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Which statement accurately describes the difference between short-term and long-term capital gains in terms of taxes? A. Long-term capital gains are from investments that have been held for more than one year and are taxed at a lower rate than short-term capital gains. B. Long-term capital gains are from investments that have been held for at least six months and are taxed at a lower rate than short-term capital gains. C. Long-term capital gains are from investments that have been held for more than one year and are taxed at a higher rate than short-term capital gains. D. Long-term capital gains are from investments that have been held for at least six months and are taxed at a higher rate than short-term capital gains.

Sagot :

Parrain

Answer: A. Long-term capital gains are from investments that have been held for more than one year and are taxed at a lower rate than short-term capital gains.

Step-by-step explanation:

Long-term capital gains are indeed from investments that have been held for more than a year as opposed to short term gains from investments of less than a year. This means that long term gains can come from investments such as stocks and bonds.

Long-term capital gains are taxed at a lower rate than short term gains with most long term gains being taxed at 15% or lower. This is in contrast to short-term gains that are taxed at the same rate as ordinary income which means it could go up to as high as 37%.

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.