What are various option with partnership firm after getting long term capital gain on selling shares?

When you buy an investment and then sell it in less than a year, the held longer than one year. Short term gains are taxed at your current federal tax rate and a state tax rate. Long term gains are...

If your gross sales price is more than your adjusted cost basis of the capital asset you would have a gain on the sale of a capital asset. If you owned the asset for more than one year and it is sold...

If you hold the asset for MORE than one year before you dispose of it, and you have a gain on the sale your capital gain would be a LONG TERM CAPITAL GAIN (LTCG)

Unlike the federal government, NJ does not have a special long term capital gains rate. All capital gains are taxed at the same rates as ordinary income.

At this time no one know what our elected officials will come up with before the end of the year 2010. For the 2011 tax year you can probably expect to see some changes in the capital gains tax rate...