Cap gains question

[Jon Lapham]

Derek Atkins wrote:
> Also, there is the concept of Long Term and Short Term cap gains, which
> are treated differently for tax purposes.

Good point... I'll need to deal with that.

My understanding is that in the US the cutoff is 1 year, right?

So, short term cap gains are considered regular income in terms of 
taxes, while long term gets the cap gains tax break?

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  Jon Lapham  <lapham at extracta.com.br>          Rio de Janeiro, Brasil
  Work: Extracta Moléculas Naturais SA     http://www.extracta.com.br/
  Web: http://www.jandr.org/
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