<prompt> Human: So I am in college and just began getting into the stock market. Earlier this year I bought about 500 worth of Fitbit and sold it for around 700. Is the short term capital gains tax applied here? I read somewhere it was only for earnings over 1,000 but Im not really sure. My income puts me in the lowest tax bracket Im sure. Make around 10,000 a year doing part time stuff during school. TIA.  <response>: The gains will be added to your ordinary income for the year. So, if you actually make 10,000 at your job your gross income will be 10,200. 