Question

what is (long term capital gains) LTCG?

Answer 1

When a stock is sold for a profit, the portion of the proceeds over and above the purchase value (or cost basis) is known as capital gains. Stocks held longer than one year are considered long term. and this is known as long term capital gains.

Answer 2

A long-term capital gain or loss is a gain or loss from a qualifying investment owned for longer than 12 months before it was sold. The amount of an asset sale that counts toward a capital gain or loss is the difference between the sale value and the purchase value, or simply, the amount of money the investor gained or lost when he sold the asset. Long-term capital gains are assigned a lower tax rate than short-term capital gains in the United States.
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