The Tax Advantages To Investing In Oil And Gas Your CPA’s Probably Never Heard Of
YoungUpstarts
JANUARY 26, 2017
But chances are, your CPA hasn’t mentioned it. That’s because, like doctors, CPAs specialize. Short-term capital gains (assets held for sale or exchange for exactly one year or less) are taxed at your ordinary income tax rate, and long-term capital gains are taxed at either 0, 15 or 20 percent.
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