Net Capital Gain Law and Legal Definition
Net capital gain means “the excess of the net long-term capital gain for the taxable year over the net short-term capital loss for the taxable year.” [26 CFR 1.856-3; Title 26 -- Internal Revenue; Chapter I -- Internal Revenue Service, Department Of The Treasury; Subchapter A -- Income Tax; Part 1 -- Income Taxes; Normal Taxes And Surtaxes; Regulated Investment Companies And Real Estate Investment Trusts; Real Estate Investment Trusts]
