Specify when a capital gain or loss is considered long term

Specify when a capital gain or loss is considered long term

Capital gains (The profit you get by selling a stock, bond, or mutual fund for more than you paid.) and capital losses (The loss you incur by selling a stock, bond, or mutual fund for less than you paid for it.) might be taxed differently depending on whether the gain or loss is considered short or long term. To help categorize your investments correctly, Money lets you define how long investments need to be held before being categorized for tax purposes.

1 On the Tools menu, click Options.

2 In the Options dialog box, click Investments, and then click Capital Gains.

3 In the Capital Gains dialog box, specify the term length you want for short-term and long-term gains/losses.

What are the defaults that Money uses for calculating capital gains?

Money categorizes investments held less than one year as short-term gains, and investments held more than one year as long-term gains. You might want to change these defaults if the tax laws change during the year, or if you want to model different tax scenarios.

What are short-term, mid-term, and long-term capital gains?

How do I change categories assigned to investment activities?