Legal Question in Tax Law in Illinois

Short term capital gain

Kindly give some caselaw where profit on sale of share has been assessed as short term capital gain?


Asked on 2/21/09, 2:58 am

1 Answer from Attorneys
Cyndi Perez Trostin

Re: Short term capital gain

Short term capital gains are from the sale of capital assets that are held for less than one year. It is in accordance with to the Internal Revenue Code.

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Answered on 2/21/09, 12:39 pm


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