VeeshanVault

Is there a way that I can determine the tax rate that would be applied to short-term capital gain from selling stock? By that I mean stock purchased and sold on the market, not from an employer plan.

From what I gathered on IRS.gov, it should be 15%, and basically lumped up with any other gains. I did see this though which confused me:

The taxable part of a gain from qualified small business stock is taxed at a maximum 28% rate.

I have no idea if that means anything to me. Not sure what a "small business stock" is. I emailed the IRS but I imagine it will be awhile before I hear back, so I figured I'd fish here too.

Short-term cap gains are taxed at the 28%. Long-term (where you held the stock for 2 years or more) are taxed differently.

Long-Term is defined by the IRS as an asset being held for more than ONE year, not two. You'll need to file a Schedule D with your 1040. I've linked the instructions. All the info you need should be there.

Short Term Capital Gain is 25% i thought.

Long Term is 10 or 15%

Use turbo tax. They take care of those calculations. I am still getting deductions from 4 years ago and they have kept track of it the whole time.