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k9painter

03/31/10 10:16 PM

#92266 RE: onehundredmph #92261

long term more than one year, short term anything less
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craigw

03/31/10 10:16 PM

#92267 RE: onehundredmph #92261

12 months or more is longterm, less than 12 months is short term...
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Maico501

04/01/10 1:03 AM

#92406 RE: onehundredmph #92261

Long term is not 25%, is at what ever tax rate you are at with your job income and gains combined. Unless it has changed short term is 30%, but you don't pay any SS or anything else against it, just tax.IMO