Taxpayers report capital gains on IRS Schedule D, but these gains are subject to different tax rates depending on whether they are short-term or long-term (and in some cases depending on the type of asset). In the example above, if you sold the Company XYZ shares after a year , the IRS would consider your $400 profit a long-term capital gain and tax it at one of several flat rates. However, if you sold the Company XYZ shares after just three months, the IRS would consider your $400 profit a short-term capital gain and tax that $400 at your ordinary income tax rate, which varies by several factors, including which state you live in, and is generally higher than the long-term capital gains tax rate . This system encourages long-term investing, but there are still many logical reasons an investor might want to sell an asset before a year has passed.
So, I’m 17. I started training with weights in Dec 2013 with absolutely no knowlege/experiece. I got my squat from 80 to now 145lbs. I can deadlift 160lbs easily. Bench press on and off since my bench is broke. So would you say my beginner gains are gone and I need to use creatine? I am going to buy some whey soon. I am also trying to gain weight. I’m 147 right now. Trying to be 155 by mid-June. Any suggestions to add on to this. I did 5×5 training for almost 10 weeks a few months ago (got me to that heavy squat lol 😉 )