as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how are long term capital gains taxes calculated?
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capital gains taxes for a year are calculated on sales of assets that take place during that year.  so if you sell some stock in 2016, you will report those gains/losses on your 2016 tax return.
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