long-term capital gain
- The profit earned from selling or swapping an asset that has been kept for a certain time duration, typically more than a year
- After selling her antique collection, she realized it had become a long-term capital gain since she had owned it for decades.
- He was hesitant to sell his real estate property, but the prospect of a long-term capital gain was too enticing.
- She consulted her financial advisor to understand the tax implications of her long-term capital gain from the sale of her stocks.
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