![Long-Term Capital Gain or Loss](https://img-cdn.financeunlocked.com/headers-images/euromoney/1.jpg?ik-sdk-version=javascript-1.0.3)
Glossary
Technical Foundations
Long-Term Capital Gain or Loss
A long-term capital gain or loss is the profit or loss on sale of an investment security or sale of property generally held for more than a year. Capital gains tax is typically levied on sale of a long-term asset.