I'm a little uncertain on how capital gains tax applies to this scenario, will. Will it be considerconsidered a long term or a short term gain?
- I bought 100 shares of XYZ for a few years ago
- The stock does does well in October so I sell 50 shares
- After a few weeks, the stock prices drops and I buy another 50 shares
Does this count as a long term gain because I'm only selling stocks I bought a while ago?
What if I buy more stocks before aI sell some?
- I bought 100 shares of XYZ for a few years ago
- The stock price drops so I buy 50 more shares
- The price goes up and I decide to sell 100 shares
If I sell no more than my original number of shares, does it still count as a long term gain?