Returns

Capital Gains: Definition

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Simple Definition

The profit you make when you sell an investment for more than you paid for it.

Why It Matters

Capital gains are one of the two ways stocks make you money (the other is dividends). When you buy Apple at $100 and sell at $150, that $50 profit is your capital gain. The tax treatment matters: hold over a year and you pay lower 'long-term' rates (0-20%); sell sooner and you pay your regular income tax rate (up to 37%).

Key Points

  • Short-term gains (held < 1 year) are taxed as ordinary income
  • Long-term gains (held > 1 year) get preferential tax rates of 0%, 15%, or 20%
  • You can offset gains with losses to reduce your tax bill

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Taxes Lesson

Capital Gains Explained

Get a complete explanation with examples, key takeaways, and a quiz to test your knowledge.

Related Terms

Common Questions

The profit you make when you sell an investment for more than you paid for it. Capital gains are one of the two ways stocks make you money (the other is dividends). When you buy Apple at $100 and sell at $150, that $50 profit is your capital gain.

Capital gains are one of the two ways stocks make you money (the other is dividends). When you buy Apple at $100 and sell at $150, that $50 profit is your capital gain. The tax treatment matters: hold over a year and you pay lower 'long-term' rates (0-20%); sell sooner and you pay your regular income tax rate (up to 37%).

Short-term gains (held < 1 year) are taxed as ordinary income

Long-term gains (held > 1 year) get preferential tax rates of 0%, 15%, or 20%

You can offset gains with losses to reduce your tax bill