Long-term capital gain/loss

A long-term capital gain or loss is the gain or loss stemming from the sale of a qualifying investment that has been owned for longer than 12 months at the time of sale. This may be contrasted with short-term gains or losses on investments that are disposed of in less than 12 months’ time. Long-term capital gains are often given more favorable tax treatment than short-term gains—Read more at Investopedia. Chen, James. “Long-Term Capital Gain or Loss.” 28 July 2019