short-term capital gain
Defined in 1 place of the United States Code.
The term “short-term capital gain” means gain from the sale or exchange of a capital asset held for not more than 1 year, if and to the extent such gain is taken into account in computing gross income.
Source
- 1994–present26 U.S.C. § 1222Internal Revenue Code · Other terms relating to capital gains and losses · for purposes of this subtitle