Elimination of 18-month holding period for lowest capital gains rates. Beginning in 1998, you no longer have to hold property for more than 18 months to be eligible for the lowest capital gains rates. Now, in most cases, you only have to hold property more than 1 year to be eligible for the 10% or 20% tax rate. For more information, see Using the Maximum Capital Gains Rates, later.

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Publication 17 | 1998 Tax Year Archives | Tax Help Archives | Home