The term “short-term capital gain” means the gain from the sale or exchange of a capital asset held for no more than 1 year, provided that that gain is taken into account when calculating gross income. Welcome to FindLaw's Cases & Codes, a free source of state and federal court rulings, state laws and the United States Code. To learn more about the legal concepts addressed in these cases and statutes, visit Learn About FindLaw Law. For the purposes of this subtitle, the FindLaw codes may not reflect the most recent version of the law in your jurisdiction.
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