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Industry: Email Alert RSS FeedSales of capital assets reported on individual income tax returns, 1999 - Illustration
Statistics of Income Bulletin, Summer, 2003 by Janette Wilson
Since the data represented here are estimates based on a sample of returns filed, they are subject to sampling error. To properly use the statistical data provide, the magnitude of the potential sampling error must be known; coefficients of variation (CV's) are used to measure that magnitude. The reliability of estimates based on samples, and the coefficient of variation for evaluating the precision of estimates based on samples, are discussed in the appendix to this issue of the Bulletin.
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Table 1a.--Short-Term and Long-Term Capital Gains and Losses,
by Asset Type, Tax Year 1999
[All figures are estimates based on samples--number of transactions
is in thousands, money amounts are in thousands of dollars]
All transactions
Asset type Number Sales Basis
price
(1) (2) (3)
Total 182,421 3,583,654,314 3,231,079,159
Corporate stock 105,518 2,019,200,873 1,794,694,899
U.S. Government obliga-
tions 1,607 135,930,419 135,829,578
State and local govern-
ment obligations 2,974 112,568,323 112,757,372
Other bonds, notes, and
debentures 829 32,111,387 31,962,420
Put and call options 6,627 42,703,919 40,659,299
Futures contracts 317 8,194,622 9,238,726
Mutual funds, except
tax-exempt bond funds 26,877 503,397,831 488,916,112
Tax-exempt bond mutual
funds 4,652 64,233,796 65,448,389
Partnership, S corpora-
tion, and estate or
trust interests 1,619 56,554,981 39,390,006
Livestock 824 3,261,695 1,058,277
Timber 102 2,733,222 752,919
Involuntary conversions 70 455,330 253,220
Residential rental
property 1,665 119,620,759 86,859,398
Depreciable business
personal property 1,320 9,288,394 6,179,244
Depreciable business
real property 737 51,161,238 33,810,136
Farmland 114 8,598,560 4,139,974
Otherland 1,089 42,873,291 27,167,562
Residences 290 35,236,863 29,485,418
Other assets (1) 2,874 292,904,899 283,986,401
Unidentifiable 639 42,623,911 38,489,812
Pass-through gains or
losses 4,566 N/A N/A
Capital gain distribu-
tions 17,111 N/A N/A
All Gain transactions
transactions
Asset type Net gain Number Sales
or loss price
(4) (5) (6)
Total 530,711,815 112,267 1,985,607,358
Corporate stock 225,103,845 63,283 1,309,464,974
U.S. Government obliga-
tions 42,704 509 41,402,846
State and local govern-
ment obligations -167,658 929 28,190,421
Other bonds, notes, and
debentures 163,654 247 7,573,618
Put and call options 2,513,113 3,816 28,051,010
Futures contracts -1,019,186 138 5,473,682
Mutual funds, except
tax-exempt bond funds 14,495,387 15,796 184,092,571
Tax-exempt bond mutual
funds -1,243,085 992 14,515,209
Partnership, S corpora-
tion, and estate or
trust interests 17,811,661 623 39,963,353
Livestock 1,686,419 432 2,566,476
Timber 1,963,250 91 2,540,118
Involuntary conversions 92,764 30 224,116
Residential rental
property 24,933,969 1,275 76,898,226
Depreciable business
personal property 1,057,443 309 4,110,699
Depreciable business
real property 15,485,675 565 38,973,052
Farmland 2,653,637 91 6,246,334
Otherland 12,999,021 872 29,974,858
Residences 3,708,591 142 14,436,906
Other assets (1) 8,821,787 1,639 119,009,536
Unidentifiable 4,586,825 380 31,899,352
Pass-through gains or
losses 134,027,743 2,996 N/A
Capital gain distribu-
tions 60,994,254 17,111 N/A
Gain transactions Loss
transactions
Asset type Basis Gain Number
(7) (8) (9)
Total 1,475,930,618 719,700,188 60,373
Corporate stock 970,085,974 340,923,364 39,343
U.S. Government obliga-
tions 40,708,258 697,815 490
State and local govern-
ment obligations 26,346,327 1,862,028 996
Other bonds, notes, and
debentures 6,434,667 1,180,466 314
Put and call options 14,195,380 14,004,009 2,730
Futures contracts 1,550,027 3,951,917 173
Mutual funds, except
tax-exempt bond funds 159,408,467 24,898,620 9,385
Tax-exempt bond mutual
funds 13,710,164 806,297 2,593
Partnership, S corpora-
tion, and estate or
trust interests 15,703,325 25,054,489 819
Livestock 388,822 1,958,463 182
Timber 567,639 1,972,479 5
Involuntary conversions 60,640 163,586 30
Residential rental
property 48,055,514 27,393,010 224
Depreciable business
personal property 1,944,058 1,742,766 313
Depreciable business
real property 21,623,144 16,734,652 101
Farmland 2,721,130 2,714,270 11
Otherland 15,063,228 14,640,539 123
Residences 10,265,627 4,932,450 36
Other assets (1) 100,329,835 19,766,533 762
Unidentifiable 26,768,391 5,888,130 213
Pass-through gains or
losses N/A 147,420,053 1,531
Capital gain distribu-
tions N/A 60,994,254 N/A
Loss transactions
Asset type Sales Basis Loss
price
(10) (11) (12)
Total 1,163,806,437 1,336,495,423 188,988,373
Corporate stock 582,588,418 697,662,780 115,819,518
U.S. Government obliga-
tions 30,897,556 31,593,129 655,110
State and local govern-
ment obligations 39,186,511 41,215,683 2,029,686
Other bonds, notes, and
debentures 8,335,808 9,350,488 1,016,812
Put and call options 12,193,687 23,996,363 11,490,896
Futures contracts 2,241,121 7,208,021 4,971,103
Mutual funds, except
tax-exempt bond funds 302,123,378 312,417,778 10,403,232
Tax-exempt bond mutual
funds 33,553,849 35,587,330 2,049,381
Partnership, S corpora-
tion, and estate or
trust interests 12,029,375 19,151,227 7,242,829
Livestock 253,786 524,500 272,043
Timber 38,758 47,987 9,229
Involuntary conversions 21,333 -12,191 70,823
Residential rental
property 17,153,075 19,610,936 2,459,041
Depreciable business
personal property 1,071,880 1,697,248 685,323
Depreciable business
real property 7,770,123 8,978,475 1,248,977
Farmland 724,379 789,456 60,633
Otherland 7,523,190 9,164,552 1,641,518
Residences 1,877,067 2,500,477 1,223,859
Other assets (1) 95,728,892 105,448,021 10,944,746
Unidentifiable 8,548,254 9,563,163 1,301,305
Pass-through gains or
losses N/A N/A 13,392,310
Capital gain distribu-
tions N/A N/A N/A
Transactions with no gain or loss
Asset type Number Sales Basis
price
(13) (14) (15)
Total 9,782 434,240,519 418,653,118
Corporate stock 2,892 127,147,481 126,946,144
U.S. Government obliga-
tions 608 63,630,017 63,528,191
State and local govern-
ment obligations 1,049 45,191,391 45,195,361
Other bonds, notes, and
debentures 268 16,201,961 16,177,265
Put and call options 81 2,459,222 2,467,556
Futures contracts 6 479,819 480,677
Mutual funds, except
tax-exempt bond funds 1,696 17,181,882 17,089,867
Tax-exempt bond mutual
funds 1,067 16,164,738 16,150,896
Partnership, S corpora-
tion, and estate or
trust interests 177 4,562,253 4,535,454
Livestock 210 441,433 144,955
Timber 7 154,346 137,292
Involuntary conversions 10 209,881 204,770
Residential rental
property 166 25,569,458 19,192,949
Depreciable business
personal property 698 4,159,815 2,537,938
Depreciable business
real property 72 4,418,063 3,208,516
Farmland 12 1,627,848 629,387
Otherland 94 5,375,243 2,939,782
Residences 111 18,922,891 16,719,314
Other assets (1) 473 78,166,471 78,208,545
Unidentifiable 46 2,176,306 2,158,258
Pass-through gains or
losses 38 N/A N/A
Capital gain distribu-
tions N/A N/A N/A
Footnotes at end of table 1c.
Table 1b.--Short-Term Capital Gains and Losses, by Asset Type,
Tax Year 1999
[All figures are estimates based on samples--number of transactions
is in thousands, money amounts are in thousands of dollars]
All transactions
Asset type Number Sales Basis
price
(1) (2) (3)
Total 96,226 2,457,854,859 2,431,702,226
Corporate stock 72,719 1,539,212,601 1,513,631,209
U.S. Government obliga-
tions 464 103,865,939 103,995,276
State and local govern-
ment obligations 401 36,884,512 37,632,155
Other bonds, notes, and
debentures 294 21,170,357 21,268,031
Put and call options 6,245 38,964,172 37,788,987
Futures contracts 271 6,209,110 7,338,633
Mutual funds, except
tax-exempt bond funds 10,919 360,305,346 358,664,927
Tax-exempt bond mutual
funds 1,245 28,037,438 28,429,566
Partnership, S corpora-
tion, and estate or
trust interests 449 8,906,937 10,311,187
Livestock 182 571,858 445,524
Timber 6 159,833 153,141
Involuntary conversions 18 27,054 -29,199
Residential rental
property 195 12,573,772 11,705,317
Depreciable business
personal property 171 1,732,848 1,549,458
Depreciable business
real property 56 6,441,429 6,094,164
Farmland 9 433,831 326,037
Otherland 65 2,889,353 1,619,773
Residences 22 2,683,840 2,882,544
Other assets (1) 1,108 254,874,196 256,387,054
Unidentifiable 361 31,910,432 31,508,443
Pass-through gains or
losses 1,024 N/A N/A
All Gain transactions
transactions
Asset type Net gain Number Sales
or loss price
(4) (5) (6)
Total 40,138,009 53,900 1,229,275,418
Corporate stock 27,226,746 42,011 928,302,535
U.S. Government obliga-
tions -187,352 107 28,200,867
State and local govern-
ment obligations -746,326 48 2,581,377
Other bonds, notes, and
debentures -104,799 94 4,182,537
Put and call options 1,641,903 3,499 25,469,792
Futures contracts -1,111,263 108 4,535,652
Mutual funds, except
tax-exempt bond funds 1,525,722 5,919 97,158,301
Tax-exempt bond mutual
funds -407,663 157 5,506,482
Partnership, S corpora-
tion, and estate or
trust interests -1,441,775 157 4,317,340
Livestock 126,205 85 448,906
Timber 6,406 3 57,785
Involuntary conversions -48,094 3 22,151
Residential rental
property 676,148 135 7,063,499
Depreciable business
personal property 179,740 74 868,984
Depreciable business
real property 340,912 37 3,031,960
Farmland 113,853 8 384,132
Otherland 280,565 51 1,370,793
Residences 31,042 6 279,613
Other assets (1) -1,607,035 599 92,605,546
Unidentifiable 374,953 212 22,887,167
Pass-through gains or
losses 13,268,124 586 N/A
Gain transactions Loss
transactions
Asset type Basis Gain Number
(7) (8) (9)
Total 1,095,558,410 155,977,938 38,495
Corporate stock 825,507,237 104,483,502 28,917
U.S. Government obliga-
tions 27,984,017 220,071 194
State and local govern-
ment obligations 2,527,475 54,012 236
Other bonds, notes, and
debentures 3,921,202 262,545 140
Put and call options 13,100,693 12,518,025 2,680
Futures contracts 851,420 3,697,569 158
Mutual funds, except
tax-exempt bond funds 91,885,747 5,296,904 4,070
Tax-exempt bond mutual
funds 5,441,439 65,482 727
Partnership, S corpora-
tion, and estate or
trust interests 3,361,016 911,999 255
Livestock 187,646 261,092 91
Timber 46,581 11,204 1
Involuntary conversions 691 21,460 15
Residential rental
property 6,111,843 947,710 38
Depreciable business
personal property 511,126 356,458 65
Depreciable business
real property 2,608,488 425,313 14
Farmland 254,563 129,569 1
Otherland 1,005,662 367,278 3
Residences 250,549 47,255 5
Other assets (1) 88,227,033 4,887,458 317
Unidentifiable 21,773,982 1,238,955 134
Pass-through gains or
losses N/A 19,774,078 434
Loss transactions
Asset type Sales Basis Loss
price
(10) (11) (12)
Total 936,472,045 1,045,068,228 115,839,929
Corporate stock 509,874,556 586,946,973 77,256,755
U.S. Government obliga-
tions 22,202,500 22,650,385 407,423
State and local govern-
ment obligations 15,518,453 16,318,406 800,338
Other bonds, notes, and
debentures 4,088,773 4,454,394 367,345
Put and call options 11,358,945 22,546,293 10,876,122
Futures contracts 1,219,259 6,032,156 4,808,832
Mutual funds, except
tax-exempt bond funds 251,077,111 254,771,280 3,771,182
Tax-exempt bond mutual
funds 12,620,388 13,077,630 473,145
Partnership, S corpora-
tion, and estate or
trust interests 3,854,818 6,230,845 2,353,774
Livestock 118,509 253,434 134,887
Timber 23,128 27,925 4,798
Involuntary conversions 235 -34,558 69,554
Residential rental
property 3,568,529 3,840,088 271,562
Depreciable business
personal property 463,882 640,600 176,718
Depreciable business
real property 3,130,911 3,215,715 84,401
Farmland 47,098 68,873 15,717
Otherland 117,083 203,796 86,714
Residences 619,723 635,436 16,213
Other assets (1) 89,207,791 95,111,223 6,494,493
Unidentifiable 7,360,354 8,077,333 864,002
Pass-through gains or
losses N/A N/A 6,505,954
Transactions with no gain or loss
Asset type Number Sales Basis
price
(13) (14) (15)
Total 3,831 292,107,396 291,075,587
Corporate stock 1,791 101,035,511 101,177,000
U.S. Government obliga-
tions 163 53,462,572 53,360,874
State and local govern-
ment obligations 117 18,784,682 18,786,274
Other bonds, notes, and
debentures 60 12,899,047 12,892,434
Put and call options 66 2,135,436 2,142,001
Futures contracts 5 454,199 455,057
Mutual funds, except
tax-exempt bond funds 930 12,069,935 12,007,901
Tax-exempt bond mutual
funds 361 9,910,568 9,910,498
Partnership, S corpora-
tion, and estate or
trust interests 37 734,778 719,325
Livestock 6 4,443 4,443
Timber 2 78,921 78,635
Involuntary conversions * (2) * 4,667 * 4,667
Residential rental
property 22 1,941,744 1,753,386
Depreciable business
personal property 31 399,982 397,731
Depreciable business
real property 5 278,559 269,961
Farmland * (2) * 2,600 * 2,600
Otherland 11 1,401,477 410,315
Residences 12 1,784,504 1,996,559
Other assets (1) 192 73,060,859 73,048,798
Unidentifiable 15 1,662,911 1,657,128
Pass-through gains or
losses 4 N/A N/A
Footnotes at end of table 1c.
Table 1c.--Long-Term Capital Gains and Losses, by Asset Type,
Tax Year 1999
[All figures are estimates based on samples--number of transactions
is in thousands, money amounts are in thousands of dollars]
All transactions
Asset type Number Sales Basis
price
(1) (2) (3)
Total 86,196 1,125,799,455 799,376,934
Corporate stock 32,799 479,988,271 281,063,690
U.S. Government obliga-
tions 1,143 32,064,480 31,834,301
State and local govern-
ment obligations 2,573 75,683,811 75,125,217
Other bonds, notes, and
debentures 535 10,941,030 10,694,389
Put and call options 382 3,739,747 2,870,313
Futures contracts 45 1,985,512 1,900,093
Mutual funds, except
tax-exempt bond funds 15,958 143,092,484 130,251,185
Tax-exempt bond mutual
funds 3,407 36,196,357 37,018,823
Partnership, S corpora-
tion, and estate or
trust interests 1,170 47,648,044 29,078,819
Livestock 642 2,689,837 612,753
Timber 96 2,573,389 599,777
Involuntary conversions 51 428,277 282,419
Residential rental
property 1,470 107,046,987 75,154,081
Depreciable business
personal property 1,149 7,555,546 4,629,786
Depreciable business
real property 681 44,719,809 27,715,972
Farmland 104 8,164,730 3,813,937
Otherland 1,024 39,983,938 25,547,789
Residences 267 32,553,024 26,602,874
Other assets (1) 1,766 38,030,702 27,599,346
Unidentifiable 278 10,713,479 6,981,369
Pass-through gains or
losses 3,542 N/A N/A
Capital gain distribu-
tions 17,111 N/A N/A
All Gain transactions
transactions
Asset type Net gain Number Sales
or loss price
(4) (5) (6)
Total 490,573,806 58,367 756,331,940
Corporate stock 197,877,099 21,272 381,162,438
U.S. Government obliga-
tions 230,056 402 13,201,979
State and local govern-
ment obligations 578,669 881 25,609,044
Other bonds, notes, and
debentures 268,453 153 3,391,081
Put and call options 871,210 317 2,581,218
Futures contracts 92,077 30 938,031
Mutual funds, except
tax-exempt bond funds 12,969,666 9,876 86,934,270
Tax-exempt bond mutual
funds -835,422 836 9,008,727
Partnership, S corpora-
tion, and estate or
trust interests 19,253,436 466 35,646,013
Livestock 1,560,215 347 2,117,571
Timber 1,956,844 88 2,482,333
Involuntary conversions 140,858 27 201,965
Residential rental
property 24,257,822 1,140 69,834,728
Depreciable business
personal property 877,703 235 3,241,715
Depreciable business
real property 15,144,763 528 35,941,093
Farmland 2,539,784 82 5,862,202
Otherland 12,718,457 821 28,604,065
Residences 3,677,549 137 14,157,293
Other assets (1) 10,428,822 1,040 26,403,990
Unidentifiable 4,211,872 169 9,012,185
Pass-through gains or
losses 120,759,619 2,410 N/A
Capital gain distribu-
tions 60,994,254 17,111 N/A
Gain Loss transactions
transactions
Asset type Basis Gain Number
(7) (8) (9)
Total 380,372,208 563,722,250 21,878
Corporate stock 144,578,738 236,439,862 10,426
U.S. Government obliga-
tions 12,724,241 477,744 296
State and local govern-
ment obligations 23,818,853 1,808,016 759
Other bonds, notes, and
debentures 2,513,465 917,920 175
Put and call options 1,094,687 1,485,984 50
Futures contracts 698,607 254,347 14
Mutual funds, except
tax-exempt bond funds 67,522,720 19,601,716 5,316
Tax-exempt bond mutual
funds 8,268,725 740,815 1,866
Partnership, S corpora-
tion, and estate or
trust interests 12,342,309 24,142,490 564
Livestock 201,176 1,697,371 91
Timber 521,059 1,961,275 4
Involuntary conversions 59,949 142,127 15
Residential rental
property 41,943,671 26,445,300 186
Depreciable business
personal property 1,432,932 1,386,308 248
Depreciable business
real property 19,014,656 16,309,339 87
Farmland 2,466,567 2,584,701 10
Otherland 14,057,566 14,273,261 120
Residences 10,015,078 4,885,195 31
Other assets (1) 12,102,802 14,879,075 446
Unidentifiable 4,994,409 4,649,175 78
Pass-through gains or
losses N/A 127,645,975 1,098
Capital gain distribu-
tions N/A 60,994,254 N/A
Loss transactions
Asset type Sales Basis Loss
price
(10) (11) (12)
Total 227,334,393 291,427,194 73,148,445
Corporate stock 72,713,862 110,715,807 38,562,763
U.S. Government obliga-
tions 8,695,056 8,942,744 247,687
State and local govern-
ment obligations 23,668,058 24,897,277 1,229,347
Other bonds, notes, and
debentures 4,247,036 4,896,093 649,467
Put and call options 834,742 1,450,070 614,774
Futures contracts 1,021,862 1,175,866 162,271
Mutual funds, except
tax-exempt bond funds 51,046,267 57,646,499 6,632,050
Tax-exempt bond mutual
funds 20,933,461 22,509,700 1,576,236
Partnership, S corpora-
tion, and estate or
trust interests 8,174,556 12,920,381 4,889,055
Livestock 135,277 271,066 137,156
Timber 15,631 20,062 4,431
Involuntary conversions 21,098 22,367 1,269
Residential rental
property 13,584,546 15,770,848 2,187,479
Depreciable business
personal property 553,998 1,056,648 508,604
Depreciable business
real property 4,639,212 5,762,761 1,164,576
Farmland 677,281 720,583 44,916
Otherland 7,406,107 8,960,755 1,554,805
Residences 1,257,344 1,865,041 1,207,646
Other assets (1) 6,521,101 10,336,798 4,450,253
Unidentifiable 1,187,900 1,485,830 437,303
Pass-through gains or
losses N/A N/A 6,886,356
Capital gain distribu-
tions N/A N/A N/A
Transactions with no gain or loss
Asset type Number Sales Basis
price
(13) (14) (15)
Total 5,951 142,133,122 127,577,531
Corporate stock 1,101 26,111,970 25,769,145
U.S. Government obliga-
tions 445 10,167,444 10,167,317
State and local govern-
ment obligations 933 26,406,709 26,409,087
Other bonds, notes, and
debentures 208 3,302,914 3,284,831
Put and call options 14 323,787 325,556
Futures contracts 2 25,620 25,620
Mutual funds, except
tax-exempt bond funds 766 5,111,947 5,081,966
Tax-exempt bond mutual
funds 705 6,254,170 6,240,398
Partnership, S corpora-
tion, and estate or
trust interests 140 3,827,475 3,816,128
Livestock 204 436,990 140,512
Timber 4 75,426 58,657
Involuntary conversions 10 205,214 200,103
Residential rental
property 144 23,627,714 17,439,562
Depreciable business
personal property 667 3,759,834 2,140,207
Depreciable business
real property 66 4,139,504 2,938,555
Farmland 12 1,625,248 626,787
Otherland 84 3,973,766 2,529,468
Residences 100 17,138,386 14,722,755
Other assets (1) 281 5,105,612 5,159,747
Unidentifiable 31 513,395 501,130
Pass-through gains or
losses 34 N/A N/A
Capital gain distribu-
tions N/A N/A N/A
* Estimate should be used with caution because of small number of sample
returns on which it is based.
N/A--Not applicable.
(1) Other asset types include all other asset categories not included
in the above categories, including put and call options; futures
contracts; all mutual funds; partnership, S corporation, and estate
or trust interests; pass-through gains or losses, livestock; timber;
involuntary conversions; depreciable business personal property;
residences; unidentifiable assets; and capital gain distributions.
(2) Less than 500.
NOTES. Detail may not add to totals because of rounding. Sales price
minus basis does not always equal gain or loss because. (a) only the
gain is reported for capital gain distributions from mutual funds and
pass-through gains or losses, (b) part of the total gain or loss on
certain depreciable assets is treated as ordinary income rather than
capital gain or loss; and (c) sales price and basis often reported as
negative for futures contracts and put and call options when a loss
occurred. Comparisons across tables may differ because of misreponing
of holding periods and the varying methodologies in classifying these.
Table 2a.--Returns with Short-Term and Long-Term Capital Gains and
Losses: All Asset Types, by Size of Adjusted Gross Income,
Tax Year 1999
[All figures are estimates based on samples--money amounts are in
thousands of dollars]
Returns with short-term capital
gain or loss
Size of adjusted gross Returns with short-term
income gain transactions (1)
Number
of Number of Number of
returns returns transactions
(1) (2) (3)
All asset
types
All returns 11,063,066 8,779,582 57,731,133
Adjusted gross deficit 178,651 124,492 1,068,461
Under $20,000 1,539,284 1,161,875 4,709,511
$20,000 under $50,000 2,336,603 1,827,043 9,270,709
$50,000 under $100,000 3,355,877 2,618,745 12,728,832
$100,000 under $200,000 2,228,624 1,834,368 12,297,879
$200,000 under $500,000 1,009,095 853,637 10,176,722
$500,000 under $1,000,000 246,958 210,994 3,611,820
$1,000,000 or more 167,975 148,428 3,867,199
Returns with short-term capital
gain or loss
Size of adjusted gross Returns with Returns with short-term
income short-term loss transactions
gain tran-
sactions (1)
Gain Number of Number of
returns transactions
(4) (5) (6)
All asset
types
All returns 155,977,938 6,630,549 38,494,543
Adjusted gross deficit 4,408,774 126,595 797,573
Under $20,000 4,064,206 817,129 3,260,705
$20,000 under $50,000 8,813,846 1,286,501 5,746,803
$50,000 under $100,000 15,676,400 1,967,826 8,574,186
$100,000 under $200,000 22,905,082 1,398,534 7,782,225
$200,000 under $500,000 32,707,076 704,216 6,764,549
$500,000 under $1,000,000 15,903,691 192,405 2,623,358
$1,000,000 or more 51,498,862 137,343 2,945,144
Returns with Returns with
short-term long-term
capital capital
gain or loss gain or loss
Size of adjusted gross Returns with Returns with
income short-term long-term
loss tran- gain tran-
sactions sactions (1)
Number
of Number of
Loss returns returns
(7) (8) (9)
All asset
types
All returns 115,839,929 25,643,866 24,165,525
Adjusted gross deficit 5,643,222 325,664 256,749
Under $20,000 4,295,733 5,322,345 5,034,293
$20,000 under $50,000 7,385,912 6,245,908 5,832,112
$50,000 under $100,000 12,659,958 7,739,026 7,298,365
$100,000 under $200,000 16,239,180 4,051,043 3,851,817
$200,000 under $500,000 22,645,539 1,455,882 1,402,142
$500,000 under $1,000,000 11,011,300 309,566 300,106
$1,000,000 or more 35,959,084 194,432 189,941
Returns with long-term
capital gain or loss
Size of adjusted gross Returns with long-term Returns with
income loss transactions (1) long-term
loss tran-
sactions
Number of Number of
transactions Gain returns
(10) (11) (12)
All asset
types
All returns 64,317,636 563,722,250 7,895,295
Adjusted gross deficit 613,426 8,554,337 161,839
Under $20,000 8,647,447 12,803,453 1,146,648
$20,000 under $50,000 12,658,618 25,438,311 1,654,818
$50,000 under $100,000 17,439,186 54,972,806 2,332,157
$100,000 under $200,000 12,761,990 69,299,215 1,563,197
$200,000 under $500,000 7,144,521 76,842,566 718,889
$500,000 under $1,000,000 2,626,527 49,655,308 187,848
$1,000,000 or more 2,425,922 266,156,255 129,899
Returns with long-term
capital gain or loss
Size of adjusted gross Returns with long-term
income loss transactions
Number of
transactions Loss
(13) (14)
All asset
types
All returns 21,878,012 73,148,445
Adjusted gross deficit 355,355 4,537,268
Under $20,000 2,392,407 5,246,484
$20,000 under $50,000 4,462,021 7,352,784
$50,000 under $100,000 5,371,282 12,583,925
$100,000 under $200,000 4,260,758 11,511,732
$200,000 under $500,000 2,802,623 11,392,203
$500,000 under $1,000,000 1,109,342 5,953,430
$1,000,000 or more 1,124,223 14,570,620
Footnotes at end of table 2e.
Table 2b.--Returns with Short-Term and Long-Term Capital Gains and
Losses: Corporate Stock, by Size of Adjusted Gross Income,
Tax Year 1999
[All figures are estimates based on samples--money amounts are in
thousands of dollars]
Returns with short-term capital
gain or loss
Size of adjusted gross Returns with short-term
income gain transactions (1)
Number
of Number of Number of
returns returns transactions
(1) (2) (3)
Corporate
stock
All returns 7,128,923 5,849,968 43,802,073
Adjusted gross deficit 98,205 74,701 849,654
Under $20,000 744,112 603,981 2,823,876
$20,000 under $50,000 1,427,489 1,147,848 6,933,820
$50,000 under $100,000 2,239,990 1,813,571 9,561,703
$100,000 under $200,000 1,549,690 1,295,276 9,122,554
$200,000 under $500,000 750,144 638,210 8,457,213
$500,000 under $1,000,000 189,299 162,593 2,955,655
$1,000,000 or more 129,994 113,786 3,097,597
Returns with short-term capital
gain or loss
Size of adjusted gross Returns with Returns with short-term
income short-term loss transactions
gain tran-
sactions (1)
Gain Number of Number of
returns transactions
(4) (5) (6)
Corporate
stock
All returns 104,483,502 4,381,382 28,917,237
Adjusted gross deficit 2,376,749 75,257 611,152
Under $20,000 2,643,954 400,135 1,935,599
$20,000 under $50,000 6,855,583 805,350 4,187,093
$50,000 under $100,000 11,573,129 1,334,008 6,257,494
$100,000 under $200,000 16,683,289 984,005 5,709,396
$200,000 under $500,000 25,628,366 529,502 5,665,721
$500,000 under $1,000,000 11,730,224 147,298 2,147,719
$1,000,000 or more 26,992,208 105,826 2,403,063
Returns with Returns with
short-term long-term
capital capital
gain or loss gain or loss
Size of adjusted gross Returns with Returns with
income short-term long-term
loss tran- gain tran-
sactions sactions (1)
Number
of Number of
Loss returns returns
(7) (8) (9)
Corporate
stock
All returns 77,256,755 8,771,078 7,142,641
Adjusted gross deficit 2,459,324 84,713 47,857
Under $20,000 2,598,030 1,127,067 898,903
$20,000 under $50,000 5,746,270 1,810,648 1,455,035
$50,000 under $100,000 8,870,196 2,770,079 2,243,910
$100,000 under $200,000 11,182,289 1,828,798 1,495,768
$200,000 under $500,000 17,744,048 817,325 696,063
$500,000 under $1,000,000 7,219,261 197,720 179,892
$1,000,000 or more 21,437,335 134,728 123,193
Returns with long-term
capital gain or loss
Size of adjusted gross Returns with long-term Returns with
income loss transactions (1) long-term
loss tran-
sactions
Number of Number of
transactions Gain returns
(10) (11) (12)
Corporate
stock
All returns 22,373,162 236,439,862 4,034,224
Adjusted gross deficit 146,208 1,833,443 57,577
Under $20,000 1,602,375 2,439,891 443,870
$20,000 under $50,000 3,408,574 6,252,384 736,191
$50,000 under $100,000 5,774,352 17,030,547 1,237,031
$100,000 under $200,000 4,803,778 23,951,306 913,703
$200,000 under $500,000 3,505,666 31,988,199 441,171
$500,000 under $1,000,000 1,563,773 22,654,242 120,301
$1,000,000 or more 1,568,438 130,289,850 84,380
Returns with long-term
capital gain or loss
Size of adjusted gross Returns with long-term
income loss transactions
Number of
transactions Loss
(13) (14)
Corporate
stock
All returns 10,425,608 38,562,763
Adjusted gross deficit 138,374 1,196,424
Under $20,000 924,148 2,073,948
$20,000 under $50,000 1,512,058 3,492,999
$50,000 under $100,000 2,731,535 6,191,832
$100,000 under $200,000 2,263,019 6,802,481
$200,000 under $500,000 1,474,224 7,081,504
$500,000 under $1,000,000 668,529 3,766,096
$1,000,000 or more 713,721 7,957,479
Footnotes at end of table 2e.
Table 2c.--Returns with Short-Term and Long-Term Capital Gains and
Losses: Bonds and Other Securities, by Size of Adjusted Gross Income,
Tax Year 1999
[All figures are estimates based on samples--money amounts are in
thousands of dollars]
Returns with short-term capital
gain or loss
Size of adjusted gross Returns with short-term
income gain transactions (1)
Number
of Number of Number of
returns returns transactions
(1) (2) (3)
Bonds and other
securities
(2)
All returns 477,936 269,453 589,974
Adjusted gross deficit 3,034 2,285 7,270
Under $20,000 61,378 35,042 46,700
$20,000 under $50,000 93,655 45,685 81,574
$50,000 under $100,000 111,332 61,523 95,605
$100,000 under $200,000 85,712 53,923 102,736
$200,000 under $500,000 63,825 35,450 111,785
$500,000 under $1,000,000 26,208 15,558 50,258
$1,000,000 or more 32,792 19,988 94,046
Returns with short-term capital
gain or loss
Size of adjusted gross Returns with Returns with short-term
income short-term loss transactions
gain tran-
sactions (1)
Gain Number of Number of
returns transactions
(4) (5) (6)
Bonds and other
securities
(2)
All returns 536,628 267,962 569,536
Adjusted gross deficit 16,412 1,189 3,795
Under $20,000 10,357 27,088 46,752
$20,000 under $50,000 15,995 54,038 94,949
$50,000 under $100,000 17,296 67,359 95,529
$100,000 under $200,000 25,930 46,193 85,622
$200,000 under $500,000 192,881 36,474 103,153
$500,000 under $1,000,000 45,977 15,694 46,816
$1,000,000 or more 211,781 19,928 92,921
Returns with Returns with
short-term long-term
capital capital
gain or loss gain or loss
Size of adjusted gross Returns with Returns with
income short-term long-term
loss tran- gain tran-
sactions sactions (1)
Number
of Number of
Loss returns returns
(7) (8) (9)
Bonds and other
securities
(2)
All returns 1,575,106 1,813,545 1,449,026
Adjusted gross deficit 51,444 14,852 11,411
Under $20,000 36,589 237,521 203,049
$20,000 under $50,000 86,223 388,247 307,165
$50,000 under $100,000 135,882 468,824 361,188
$100,000 under $200,000 82,063 363,439 280,352
$200,000 under $500,000 311,499 214,833 182,412
$500,000 under $1,000,000 149,130 70,666 58,469
$1,000,000 or more 722,277 55,162 44,979
Returns with long-term
capital gain or loss
Size of adjusted gross Returns with long-term Returns with
income loss transactions (1) long-term
loss tran-
sactions
Number of Number of
transactions Gain returns
(10) (11) (12)
Bonds and other
securities
(2)
All returns 3,021,341 3,203,650 631,030
Adjusted gross deficit 19,201 51,511 5,219
Under $20,000 302,148 101,996 48,217
$20,000 under $50,000 599,882 195,787 138,064
$50,000 under $100,000 676,458 357,255 175,363
$100,000 under $200,000 593,151 363,729 137,320
$200,000 under $500,000 471,285 629,478 73,210
$500,000 under $1,000,000 162,950 352,798 28,279
$1,000,000 or more 176,267 1,151,126 25,358
Returns with long-term
capital gain or loss
Size of adjusted gross Returns with long-term
income loss transactions
Number of
transactions Loss
(13) (14)
Bonds and other
securities
(2)
All returns 1,229,776 2,126,502
Adjusted gross deficit 9,715 35,362
Under $20,000 67,742 62,584
$20,000 under $50,000 224,063 198,035
$50,000 under $100,000 306,194 476,957
$100,000 under $200,000 268,433 262,165
$200,000 under $500,000 160,727 296,948
$500,000 under $1,000,000 76,958 295,226
$1,000,000 or more 95,945 499,226
Footnotes at end of table 2e.
Table 2d.--Returns with Short-Term and Long-Term Capital Gains and
Losses: Real Estate, by Size of Adjusted Gross Income, Tax Year 1999
[All figures are estimates based on samples--money amounts are in
thousands of dollars]
Returns with short-term capital gain or loss
Returns with short-term gain
transactions (1)
Number
Size of adjusted of Number of Number of
gross income returns returns transactions Gain
(1) (2) (3) (4)
Real estate (3)
All returns 250,067 200,295 269,380 1,869,870
Adjusted gross
deficit 6,584 5,845 6,977 81,257
Under $20,000 22,462 17,020 21,875 71,126
$20,000 under
$50,000 66,945 56,439 72,005 175,854
$50,OOO under
$100,000 89,400 66,699 85,706 552,746
$100,000 under
$200,000 39,815 34,389 53,100 382,477
$200,000 under
$500,000 15,375 11,951 17,097 310,349
$500,000 under
$1,000,000 5,492 4,792 8,655 108,042
$1,000,000 or more 3,995 3,161 3,965 188,019
Returns with long-term capital gain or loss
Returns with long-term gain
transactions (1)
Number
Size of adjusted of Number of Number of
gross income returns returns transactions Gain
(8) (9) (10) (11)
Real estate (3)
All returns 2,520,915 2,205,219 2,877,147 59,612,601
Adjusted gross
deficit 55,812 40,417 54,559 1,403,767
Under $20,000 319,093 264,058 301,789 1,259,372
$20,OOO under
$50,000 599,631 516,023 629,010 4,425,064
$50,000 under
$100,000 764,764 661,907 925,872 10,078,968
$100,000 under
$200,000 481,090 447,898 577,863 13,938,595
$200,000 under
$500,000 220,270 203,097 278,271 13,763,934
$500,000 under
$1,000,000 46,744 41,379 62,934 5,694,592
$1,000,000 or more 33,512 30,441 46,850 9,048,308
Returns with short-term gain or loss
Returns with short-term loss
transactions
Size of adjusted Number of Number of
gross income returns transactions Loss
(5) (6) (7)
Real estate (3)
All returns 52,216 56,086 458,394
Adjusted gross
deficit 838 963 93,475
Under $20,000 * 5,467 * 5,467 * 29,155
$20,000 under
$50,000 * 10,948 * 11,389 * 65,478
$50,OOO under
$100,000 22,911 22,911 121,318
$100,000 under
$200,000 6,774 9,878 88,018
$200,000 under
$500,000 3,543 3,547 23,537
$500,000 under
$1,000,000 849 967 14,713
$1,000,000 or more 888 964 22,698
Returns with long-term gain or loss
Returns with long-term loss
transactions
Size of adjusted Number of Number of
gross income returns transactions Loss
(12) (13) (14)
Real estate (3)
All returns 366,946 402,231 4,951,775
Adjusted gross
deficit 17,166 18,549 813,685
Under $20,000 60,991 61,029 697,716
$20,OOO under
$50,000 90,902 101,377 784,167
$50,000 under
$100,000 114,929 122,836 1,080,094
$100,000 under
$200,000 50,126 61,571 698,058
$200,000 under
$500,000 21,896 24,510 441,210
$500,000 under
$1,000,000 6,580 7,527 200,874
$1,000,000 or more 4,355 4,833 235,972
Footnotes at end of table 2e.
Table 2e.--Returns with Short-Term and Long-Term Capital Gains and
Losses: Other Asset Types, by Size of Adjusted Gross Income, Tax Year
1999
[All figures are estimates based on samples--money amounts are in
thousands of dollars]
Returns with short-term capital gain or loss
Returns with short-term gain
transactions (1)
Number
Size of adjusted of Number of Number of
gross income returns returns transactions Gain
(1) (2) (3) (4)
Other asset
types (4)
All returns 6,481,140 4,390,229 13,069,683 49,087,937
Adjusted gross
deficit 126,302 73,708 204,560 1,934,356
Under $20,000 948,511 648,226 1,817,059 1,338,768
$20,000 under
$50,000 1,233,711 826,724 2,183,310 1,766,414
$50,OOO under
$100,000 1,695,467 1,135,404 2,985,817 3,533,229
$100,000 under
$200,000 1,328,417 929,266 3,019,490 5,813,386
$200,000 under
$500,000 708,994 486,577 1,590,627 6,575,480
$500,000 under
$1,000,000 229,124 151,846 597,228 4,019,449
$1,000,000 or
more 208,613 138,478 671,591 24,106,855
Returns with long-term capital gain or loss
Returns with long-term gain
transactions (1)
Number
Size of adjusted of Number of Number of
gross income returns returns transactions Gain
(8) (9) (10) (11)
Other asset
types (4)
All returns 28,825,785 25,896,187 36,045,986 264,466,107
Adjusted gross
deficit 341,266 265,643 393,459 5,265,615
Under $20,000 5,683,735 5,182,507 6,441,135 9,002,194
$20,OOO under
$50,000 6,504,495 5,860,170 8,021,152 14,565,076
$50,000 under
$100,000 8,426,187 7,618,176 10,062,504 27,506,035
$100,000 under
$200,000 4,959,787 4,444,121 6,787,198 31,045,584
$200,000 under
$500,000 2,033,010 1,774,180 2,889,299 30,460,955
$500,000 under
$1,000,000 511,972 437,529 816,870 20,953,676
$1,000,000 or
more 365,334 313,860 634,368 125,666,971
Returns with short-term capital gain
or loss
Returns with short-term loss
transactions
Size of adjusted Number of Number of
gross income returns transactions Loss
(5) (6) (7)
Other asset
types (4)
All returns 3,389,017 8,951,684 36,549,674
Adjusted gross
deficit 77,046 181,664 3,038,960
Under $20,000 473,986 1,272,887 1,631,959
$20,000 under
$50,000 627,922 1,453,373 1,487,940
$50,OOO under
$100,000 874,301 2,198,251 3,532,561
$100,000 under
$200,000 694,779 1,977,329 4,886,810
$200,000 under
$500,000 393,616 992,129 4,566,455
$500,000 under
$1,000,000 131,585 427,856 3,628,195
$1,000,000 or
more 115,784 448,196 13,776,774
Returns with long-term capital gain
or loss
Returns with long-term loss
transactions
Size of adjusted Number of Number of
gross income returns transactions Loss
(12) (13) (14)
Other asset
types (4)
All returns 4,906,442 9,820,397 27,507,405
Adjusted gross
deficit 111,740 188,717 2,491,797
Under $20,000 746,465 1,339,489 2,412,236
$20,OOO under
$50,000 1,017,903 2,624,522 2,877,583
$50,000 under
$100,000 1,363,080 2,210,717 4,835,042
$100,000 under
$200,000 937,289 1,667,735 3,749,027
$200,000 under
$500,000 468,488 1,123,163 3,572,541
$500,000 under
$1,000,000 143,959 356,328 1,691,234
$1,000,000 or
more 117,519 309,725 5,877,943
* Estimate should be used with caution because of small number of
sample returns on which it is based.
(1) Transactions with no gain or loss are included with gain
transactions.
(2) Bonds and other securities includes U.S. Government obligations,
State and local government obligations, and other bonds, notes and
debentures.
(3) Real estate includes residential rental property, depreciable
business real property, farmland, and other land.
(4) Other asset types include all other asset categories not included
in the above categories, including put and call options; futures
contracts; all mutual funds; partnership, S corporation, and estate
or trust interests; pass-through gains or losses; livestock; timber;
involuntary conversions; depreciable business personal property;
residences; unidentifiable assets; and capital gain distributions.
NOTE: Number of returns with gain, plus number of returns with loss,
does not add to the total column because some returns showed both.
Detail may not add to totals because of rounding. Comparisons across
tables may differ because of misreporting of holding periods and the
varying methodologies in classifying these.
Table 3a.--Short-Term and Long-Term Capital Asset Transactions: All
Asset Types, by Month of Sale, Tax Year 1999
[All figures are estimates based on samples--number of transactions is
in thousands, money amounts are in thousands of dollars]
All asset types
Gain transactions (1)
Type of transaction, Number of Sales
month of sale transactions price Basis
(1) (2) (3)
Short-term
transactions
Total 57,731 1,521,382,814 1,386,633,997
January 4,449 85,620,728 73,701,267
February 2,970 56,692,943 51,078,353
March 3,924 76,423,301 68,135,377
April 5,027 92,790,200 79,826,284
May 3,903 65,513,883 58,444,798
June 3,604 59,885,594 53,458,138
July 4,074 66,045,741 58,201,304
August 3,303 56,621,666 50,425,645
September 2,944 48,834,380 43,514,130
October 3,465 65,805,876 58,885,216
November 5,335 95,921,837 82,710,643
December 5,796 143,443,132 128,772,412
Month not determinable 8,937 607,783,534 579,480,429
Long-term transactions
Total 64,318 898,465,062 507,949,739
January 3,020 61,446,128 33,371,817
February 2,461 45,217,566 26,272,204
March 2,763 55,579,080 31,921,637
April 2,920 58,980,373 32,694,175
May 2,463 41,557,245 23,380,495
June 2,925 55,413,907 32,271,539
July 2,650 56,741,234 35,304,762
August 2,546 46,277,685 26,600,192
September 2,204 44,039,156 24,670,725
October 2,207 48,784,725 27,749,642
November 2,283 48,465,704 24,842,802
December 3,189 65,918,214 37,604,266
Month not determinable 32,688 270,044,045 151,265,484
All asset types
Gain
transac-
tions (1) Loss transactions
Type of transaction, Number of Sales
month of sale Gain transactions price
(4) (5) (6)
Short-term
transactions
Total 155,977,938 38,495 936,472,045
January 11,892,492 2,182 34,196,706
February 5,679,424 2,123 31,807,780
March 8,327,838 2,571 33,427,997
April 12,959,601 2,960 38,721,705
May 7,162,376 2,279 34,576,683
June 6,381,784 2,204 32,478,563
July 7,876,230 2,204 30,712,987
August 6,087,127 2,571 38,690,820
September 5,421,823 2,589 31,081,148
October 6,799,809 2,888 34,141,757
November 12,128,291 3,315 42,498,382
December 14,537,516 5,360 120,674,613
Month not determinable 50,723,626 5,247 433,462,903
Long-term transactions
Total 563,722,250 21,878 227,334,393
January 26,761,126 936 10,332,370
February 18,457,157 893 8,723,687
March 21,279,791 1,352 9,995,186
April 25,526,628 1,110 9,863,742
May 17,381,398 887 9,761,023
June 21,773,955 1,336 14,609,228
July 19,290,252 1,025 13,303,774
August 18,247,099 1,122 14,254,003
September 17,570,846 1,130 10,820,066
October 19,207,005 1,265 15,462,638
November 22,643,749 1,635 14,160,777
December 25,315,877 4,048 33,182,235
Month not determinable 310,267,368 5,137 62,865,664
All asset types
Loss transactions
Type of transaction,
month of sale Basis Loss
(7) (8)
Short-term
transactions
Total 1,045,068,228 115,839,929
January 39,922,211 5,493,264
February 35,890,583 4,044,825
March 38,704,606 5,262,452
April 44,608,469 5,968,947
May 39,030,957 4,419,102
June 37,600,118 5,084,978
July 34,872,881 4,129,914
August 46,360,839 7,670,725
September 37,433,418 6,349,864
October 40,606,179 6,448,090
November 50,040,743 7,500,216
December 138,800,148 18,081,492
Month not determinable 461,197,077 35,386,059
Long-term transactions
Total 291,427,194 73,148,445
January 13,186,644 2,861,316
February 10,843,664 2,127,485
March 12,775,800 2,783,758
April 12,765,434 2,902,926
May 11,897,105 2,139,499
June 17,659,132 3,133,321
July 16,003,404 2,700,962
August 17,009,759 2,764,213
September 13,421,400 2,607,546
October 19,549,025 4,098,741
November 18,910,084 4,754,831
December 48,987,128 15,856,369
Month not determinable 78,418,616 24,417,479
Footnotes at end of table 3e
Table 3b.--Short-Term and Long-Term Capital Asset Transactions:
Corporate Stock, by Month of Sale, Tax Year 1999
[All figures are estimates based on samples--number of transactions is
in thousands, money amounts are in thousands of dollars]
Corporate stock
Gain transactions (1)
Type of transaction, Number of Sales
month of sale transactions price Basis
(1) (2) (3)
Short-term
transactions
Total 43,802 1,029,338,046 926,684,236
January 3,629 61,344,748 52,243,364
February 2,294 41,225,114 36,502,519
March 3,243 54,927,109 47,634,305
April 4,216 71,927,812 60,837,102
May 3,219 49,994,966 43,864,457
June 2,949 45,287,974 39,962,462
July 3,321 51,855,828 45,179,762
August 2,722 41,418,779 36,263,859
September 2,314 36,914,317 32,449,807
October 2,900 51,982,044 46,206,775
November 4,684 76,463,928 65,759,497
December 4,889 106,480,364 94,275,212
Month not determinable 3,422 339,515,063 325,505,115
Long-term transactions
Total 22,373 407,274,409 170,347,882
January 1,682 29,002,917 11,617,389
February 1,181 18,903,225 7,661,078
March 1,533 23,385,626 9,886,389
April 1,690 31,284,449 13,372,198
May 1,397 18,547,357 7,522,491
June 1,562 24,380,740 10,413,346
July 1,327 20,358,909 8,725,211
August 1,348 17,448,168 7,277,993
September 1,218 18,375,811 7,635,251
October 1,283 21,464,666 8,228,469
November 1,368 25,308,367 8,629,685
December 1,658 32,838,522 15,955,937
Month not determinable 5,126 125,975,652 53,422,444
Corporate stock
Gain
transac-
tions (1) Loss transactions
Type of transaction, Number of Sales
month of sale Gain transactions price
(4) (5) (6)
Short-term
transactions
Total 104,483,502 28,917 509,874,556
January 9,099,129 1,758 26,247,400
February 4,731,181 1,668 24,521,591
March 7,334,277 2,057 26,840,585
April 11,120,845 2,509 31,000,257
May 6,128,478 1,869 27,352,310
June 5,311,498 1,700 23,984,905
July 6,683,746 1,751 23,857,637
August 5,150,789 2,092 29,462,694
September 4,506,840 2,102 24,356,968
October 5,776,777 2,387 26,742,753
November 10,682,015 2,766 33,107,086
December 12,181,206 4,352 99,194,381
Month not determinable 15,776,721 1,906 113,205,988
Long-term transactions
Total 236,439,862 10,426 72,713,862
January 17,383,515 503 3,059,512
February 11,234,093 434 2,439,926
March 13,494,020 732 4,030,528
April 17,893,928 610 4,233,642
May 11,000,240 453 3,374,947
June 13,930,143 607 4,685,775
July 11,617,617 491 3,389,011
August 10,137,107 573 4,102,243
September 10,726,304 677 3,926,770
October 13,199,364 778 4,339,858
November 16,575,388 1,037 5,912,656
December 16,820,172 2,240 12,095,387
Month not determinable 72,427,972 1,290 17,123,607
Corporate stock
Loss transactions
Type of transaction,
month of sale Basis Loss
(7) (8)
Short-term
transactions
Total 586,946,973 77,256,755
January 29,822,333 3,441,094
February 27,711,325 3,193,661
March 31,077,450 4,232,912
April 35,914,335 4,929,171
May 30,941,668 3,591,656
June 27,758,752 3,777,987
July 27,121,136 3,273,886
August 36,230,969 6,771,222
September 29,703,951 5,343,207
October 31,864,472 5,121,354
November 39,120,789 6,009,933
December 113,256,057 14,078,078
Month not determinable 126,423,735 13,492,594
Long-term transactions
Total 110,715,807 38,562,763
January 4,499,936 1,445,863
February 3,515,770 1,076,595
March 5,912,568 1,882,747
April 6,224,041 1,991,538
May 4,679,386 1,304,982
June 6,702,875 2,018,143
July 4,833,896 1,445,094
August 5,671,283 1,569,732
September 5,590,279 1,669,881
October 6,772,236 2,437,858
November 9,439,794 3,528,080
December 22,546,240 10,487,919
Month not determinable 24,327,505 7,704,333
Footnotes at end of table 3e.
Table 3c.--Short-Term and Long-Term Capital Asset Transactions: Bonds
and Other Securities, by Month of Sale, Tax Year 1999
[All figures are estimates based on samples--number of transactions is
in thousands, money amounts are in thousands of dollars]
Bonds and other securities (2)
Gain transactions (1)
Type of transaction, Number of Sales
month of sale transactions price Basis
(1) (2) (3)
Short-term
transactions
Total 590 120,111,082 119,472,276
January 50 13,020,073 12,971,652
February 41 7,941,464 7,896,644
March 38 9,461,077 9,433,352
April 39 10,347,922 10,298,211
May 41 7,448,875 7,351,019
June 44 7,492,873 7,445,331
July 30 5,504,701 5,478,930
August 33 7,115,713 7,095,394
September 22 3,913,267 3,900,273
October 31 7,121,492 7,039,971
November 45 8,668,335 8,612,381
December 29 10,079,908 10,053,939
Month not determinable 148 21,995,383 21,895,179
Long-term transactions
Total 3,021 82,079,171 78,917,794
January 228 6,379,675 6,008,290
February 162 5,123,297 4,928,455
March 184 5,674,323 5,364,227
April 167 5,758,448 5,571,600
May 145 4,616,554 4,441,919
June 203 6,007,998 5,757,169
July 260 6,883,541 6,678,324
August 198 5,768,626 5,662,648
September 166 4,151,091 4,063,911
October 164 4,831,051 4,626,411
November 171 4,537,089 4,389,172
December 205 5,048,412 4,813,034
Month not determinable 769 17,299,066 16,612,634
Bonds and other securities (2)
Gain
transac-
tions (1) Loss transactions
Type of transaction, Number of Sales
month of sale Gain transactions price
(4) (5) (6)
Short-term
transactions
Total 536,628 570 41,809,726
January 48,198 27 4,029,861
February 37,995 31 3,231,620
March 27,659 33 2,392,651
April 48,833 47 2,372,168
May 97,297 32 2,082,708
June 47,141 57 4,413,731
July 23,378 51 2,497,396
August 19,393 32 3,244,635
September 12,547 25 1,608,714
October 22,235 36 2,982,238
November 54,346 55 3,400,079
December 24,792 95 5,816,923
Month not determinable 72,815 47 3,737,002
Long-term transactions
Total 3,203,680 1,230 36,610,150
January 371,390 78 2,056,012
February 194,951 60 1,916,316
March 310,100 91 1,980,598
April 187,367 59 1,433,544
May 174,683 67 1,667,426
June 250,600 88 2,310,431
July 205,250 84 3,129,705
August 106,096 114 2,977,594
September 87,866 73 2,357,608
October 204,671 114 3,095,508
November 147,915 108 3,364,606
December 253,276 184 6,341,773
Month not determinable 709,516 110 3,979,027
Bonds and other
securities (2)
Loss transactions
Type of transaction,
month of sale Basis Loss
(7) (8)
Short-term
transactions
Total 43,423,185 1,575,106
January 4,081,347 51,486
February 3,333,491 61,237
March 2,436,327 43,782
April 2,400,158 28,031
May 2,148,101 65,434
June 4,533,738 120,011
July 2,597,582 100,186
August 3,327,611 82,987
September 1,701,658 92,996
October 3,120,418 138,939
November 3,593,656 193,819
December 6,253,464 436,750
Month not determinable 3,895,636 159,448
Long-term transactions
Total 38,736,114 2,126,502
January 2,140,182 84,166
February 1,985,846 69,533
March 2,047,100 66,502
April 1,464,695 31,174
May 1,737,595 70,169
June 2,373,653 63,219
July 3,249,432 119,726
August 3,093,195 115,671
September 2,519,106 161,498
October 3,277,614 182,123
November 3,554,454 189,848
December 7,135,382 793,609
Month not determinable 4,157,860 179,264
Table 3d.--Short-Term and Long-Term Capital Asset Transactions: Real
Estate, by Month of Sale, Tax Year 1999
[All figures are estimates based on samples--number of transactions is
in thousands, money amounts are in thousands of dollars]
Real estate (3)
Gain transactions (1)
Type of transaction, Number of Sales
month of sale transactions price Basis
(1) (2) (3)
Short-term
transactions
Total 269 15,474,764 12,416,818
January 10 536,081 447,038
February 17 434,781 363,748
March 19 972,631 899,882
April 24 1,098,235 875,144
May 12 662,420 545,434
June 16 828,817 719,113
July 34 2,006,173 1,797,315
August 31 759,987 571,199
September 23 1,458,305 1,372,370
October 17 502,815 418,147
November 19 2,887,867 1,614,649
December 20 1,152,065 916,938
Month not determinable 29 2,174,587 1,875,839
Long-term transactions
Total 2,877 173,608,319 101,016,832
January 244 12,320,792 6,215,709
February 181 12,183,620 7,222,144
March 212 14,153,347 7,965,257
April 193 11,779,342 6,931,515
May 206 10,409,449 5,859,889
June 227 12,719,824 8,054,131
July 237 16,397,988 10,685,416
August 268 14,537,860 8,400,293
September 197 11,531,270 6,249,529
October 175 13,910,568 9,198,880
November 151 10,618,407 6,595,219
December 208 13,209,061 6,882,569
Month not determinable 379 19,836,792 10,756,281
Real estate (3)
Gain
transac-
tions (1) Loss transactions
Type of transaction, Number of Sales
month of sale Gain transactions price
(4) (5) (6)
Short-term
transactions
Total 1,869,870 56 6,863,621
January 78,079 2 556,326
February 70,105 2 122,598
March 63,805 6 362,829
April 196,364 7 724,126
May 102,939 1 623,576
June 80,445 7 308,680
July 218,679 4 315,270
August 72,138 5 800,606
September 81,893 4 124,244
October 84,296 2 98,368
November 260,070 3 321,970
December 233,335 5 2,293,944
Month not determinable 327,723 8 211,084
Long-term transactions
Total 59,612,601 402 26,307,145
January 5,396,174 30 2,517,000
February 4,669,226 29 2,003,250
March 4,640,136 24 1,239,175
April 4,640,808 25 1,565,322
May 4,048,726 33 2,184,355
June 3,914,693 28 2,302,447
July 4,315,506 29 1,745,910
August 4,973,799 35 1,725,982
September 4,107,640 25 1,274,950
October 3,103,074 30 2,565,327
November 3,366,108 16 754,267
December 3,703,154 46 3,677,556
Month not determinable 8,733,557 52 2,751,603
Real estate (3)
Loss transactions
Type of transaction,
month of sale Basis Loss
(7) (8)
Short-term
transactions
Total 7,328,472 458,394
January 631,297 74,971
February 142,756 20,169
March 418,198 55,369
April 770,725 40,540
May 636,600 13,024
June 335,322 26,641
July 338,971 23,701
August 852,173 51,567
September 141,134 16,891
October 108,991 10,622
November 378,836 56,920
December 2,318,872 24,806
Month not determinable 254,597 43,173
Long-term transactions
Total 31,214,947 4,951,775
January 2,854,009 337,009
February 2,485,696 482,063
March 1,469,582 230,393
April 1,924,393 359,070
May 2,630,769 447,897
June 2,532,165 229,406
July 2,058,562 312,661
August 2,067,302 341,424
September 1,419,140 144,191
October 3,151,023 585,695
November 886,322 132,189
December 4,400,294 722,767
Month not determinable 3,335,690 627,010
Footnote at end of table 3e.
Table 3e.--Short-Term and Long-Term Capital Asset Transactions: Other
Asset Types, by Month of Sale, Tax Year 1999
[All figures are estimates based on samples--number of transactions is
in thousands, money amounts are in thousands of dollars]
Other asset types (4)
Gain transactions (1)
Type of transaction, Number of Sales
month of sale transactions price Basis
(1) (2) (3)
Short-term
transactions
Total 13,070 356,458,922 328,060,667
January 761 10,719,827 8,039,213
February 619 7,091,584 6,315,442
March 624 11,062,484 10,167,838
April 748 9,416,231 7,815,826
May 631 7,407,622 6,683,888
June 596 6,275,930 5,331,232
July 689 6,679,040 5,745,297
August 516 7,327,187 6,495,193
September 586 6,548,491 5,791,680
October 517 6,199,525 5,220,324
November 588 7,901,706 6,724,116
December 859 25,730,795 23,526,323
Month not determinable 5,337 244,098,500 230,204,295
Long-term transactions
Total 36,046 235,503,164 157,667,231
January 866 13,742,744 9,530,429
February 938 9,007,425 6,460,527
March 834 12,365,784 8,705,764
April 870 10,158,134 6,818,861
May 715 7,983,884 5,556,196
June 933 12,305,346 8,046,892
July 826 13,100,796 9,215,811
August 732 8,523,031 5,259,259
September 623 9,980,984 6,722,033
October 585 8,578,441 5,695,882
November 593 8,001,842 5,228,726
December 1,117 14,822,219 9,952,726
Month not determinable 26,414 106,932,535 70,474,125
Other asset types (4)
Gain
transac-
tions (1) Loss transactions
Type of transaction, Number of Sales
month of sale Gain transactions price
(4) (5) (6)
Short-term
transactions
Total 49,087,937 8,952 377,924,143
January 2,667,087 395 3,363,119
February 840,143 422 3,931,971
March 902,097 475 3,831,932
April 1,593,558 397 4,625,154
May 833,662 377 4,518,089
June 942,701 440 3,771,247
July 950,427 399 4,042,684
August 844,808 441 5,182,886
September 820,543 457 4,991,222
October 916,502 462 4,318,397
November 1,131,860 491 5,669,247
December 2,098,183 908 13,369,365
Month not determinable 34,546,367 3,286 316,308,829
Long-term transactions
Total 264,466,107 9,820 91,703,236
January 3,610,047 325 2,699,845
February 2,358,886 371 2,364,196
March 2,835,536 505 2,744,885
April 2,804,525 416 2,631,234
May 2,157,749 334 2,534,295
June 3,678,519 613 5,310,574
July 3,151,879 421 5,039,148
August 3,030,098 400 5,448,184
September 2,649,036 355 3,260,738
October 2,699,896 343 5,461,944
November 2,554,339 472 4,129,247
December 4,539,274 1,578 11,067,519
Month not determinable 228,396,323 3,686 39,011,427
Other asset types (4)
Loss transactions
Type of transaction,
month of sale Basis Loss
(7) (8)
Short-term
transactions
Total 407,369,598 36,549,674
January 5,387,234 1,925,713
February 4,703,010 769,758
March 4,772,631 930,389
April 5,523,251 971,206
May 5,304,588 748,988
June 4,972,306 1,160,339
July 4,815,192 732,140
August 5,950,086 764,948
September 5,886,675 896,770
October 5,512,298 1,177,175
November 6,947,462 1,239,544
December 16,971,756 3,541,858
Month not determinable 330,623,110 21,690,844
Long-term transactions
Total 110,760,326 27,507,405
January 3,692,517 994,279
February 2,856,352 499,294
March 3,346,551 604,116
April 3,152,305 521,144
May 2,849,354 316,450
June 6,050,439 822,554
July 5,861,515 823,481
August 6,177,979 737,386
September 3,892,873 631,977
October 6,348,152 893,064
November 5,029,514 904,714
December 14,905,213 3,852,074
Month not determinable 46,597,561 15,906,872
(1) Transactions with no gain or loss are included with gain
transactions.
(2) Bonds and other securities include U. S. Government obligations,
State and local government obligations, and other bonds, notes, and
debentures.
(3) Real estate includes residential rental property, depreciable
business real property, farmland, and other land.
(4) Other asset types include all other asset categories not included
in the above categories, including put and call options; futures
contracts; all mutual funds; partnership, S corporation, and estate or
trust interests; pass-through gains and losses; livestock; timber;
involuntary conversions; depreciable business personal property;
residences; unidentifiable assets; and capital gain distributions.
NOTES: Detail may not add to totals because of rounding. Sales price
minus basis does not always equal net gain or loss because. (a) only
the gain is reported for capital gain distributions from mutual funds
and pass-through gains or losses; (b) part of the total gain or loss
on certain depreciable assets is treated as ordinary income rather
than capital gain or loss; and (c) sales price and basis are often
reported as negative for futures contracts and put and call options
when a loss occurred. Comparisons across tables may differ because of
misreporting of holding periods and the varying methodologies in
classifying these.
Table 4a.-Short-Term and Long-Term Capital Asset Transactions: All
Asset Types, by Length of Time Held, Tax Year 1999
[All figures are estimates based on samples--number of transactions is
in thousands, money amounts are in thousands of dollars]
All asset types
Gain transactions (1)
Number of Sales
transactions price
(1) (2)
Short-term transactions
Total 57,731 1,521,382,814
Under 1 month 22,670 521,793,453
1 month under 2 months 5,812 104,322,075
2 months under 3 months 3,696 53,924,381
3 months under 4 months 2,884 39,865,671
4 months under 5 months 2,384 29,791,045
5 months under 6 months 1,982 22,970,015
6 months under 7 months 1,950 27,152,000
7 months under 8 months 1,723 27,545,668
8 months under 9 months 1,430 16,504,992
9 months under 10 months 1,313 15,309,970
10 months under 11 months 1,241 13,052,670
11 months under 12 months 1,203 16,600,949
1 year or more (2) 508 24,766,391
Holding period not determinable 8,937 607,783,534
Long-term transactions
Total 64,318 898,465,062
Under 18 months (3) 6,582 91,424,193
18 months under 2 years 3,750 60,014,303
2 years under 3 years 5,475 81,699,226
3 years under 4 years 3,484 57,898,058
4 years under 5 years 2,421 50,114,630
5 years under 10 years 5,802 126,218,985
10 years under 15 years 1,989 63,195,778
15 years under 20 years 1,007 36,115,230
20 years or more 1,120 61,740,615
Holding period not determinable 32,688 270,044,045
All asset types
Gain transactions (1)
Basis Gain
(3) (4)
Short-term transactions
Total 1,386,633,997 155,977,938
Under 1 month 481,653,500 39,046,861
1 month under 2 months 88,699,104 15,641,929
2 months under 3 months 44,805,693 9,018,422
3 months under 4 months 32,650,680 7,175,213
4 months under 5 months 23,630,580 6,138,670
5 months under 6 months 18,266,909 4,690,046
6 months under 7 months 22,245,716 4,891,920
7 months under 8 months 22,996,733 4,524,949
8 months under 9 months 12,804,530 3,703,330
9 months under 10 months 12,242,547 3,127,189
10 months under 11 months 10,111,025 2,943,071
11 months under 12 months 13,897,217 2,707,069
1 year or more (2) 23,149,334 1,645,643
Holding period not determinable 579,480,429 50,723,626
Long-term transactions
Total 507,949,739 563,722,250
Under 18 months (3) 63,422,963 27,664,354
18 months under 2 years 40,092,165 19,678,479
2 years under 3 years 51,377,818 29,465,193
3 years under 4 years 32,888,267 23,799,598
4 years under 5 years 30,253,627 19,353,174
5 years under 10 years 73,717,425 47,791,069
10 years under 15 years 30,557,006 30,596,761
15 years under 20 years 13,742,321 19,362,909
20 years or more 20,632,663 35,743,344
Holding period not determinable 151,265,484 310,267,368
All asset types
Loss transactions
Number of Sales
transactions price
(5) (6)
Short-term transactions
Total 38,495 936,472,045
Under 1 month 12,410 240,015,109
1 month under 2 months 3,853 42,068,602
2 months under 3 months 2,683 28,060,575
3 months under 4 months 2,352 24,481,783
4 months under 5 months 1,998 20,587,243
5 months under 6 months 1,784 17,971,688
6 months under 7 months 1,576 14,764,479
7 months under 8 months 1,472 16,418,108
8 months under 9 months 1,345 10,972,849
9 months under 10 months 1,164 10,874,159
10 months under 11 months 1,179 9,869,414
11 months under 12 months 1,016 9,567,047
1 year or more (2) 415 57,358,087
Holding period not determinable 5,247 433,462,903
Long-term transactions
Total 21,878 227,334,393
Under 18 months (3) 5,020 47,012,817
18 months under 2 years 2,960 24,290,117
2 years under 3 years 3,220 26,970,592
3 years under 4 years 1,586 16,069,393
4 years under 5 years 915 9,919,567
5 years under 10 years 2,317 29,115,489
10 years under 15 years 481 5,846,543
15 years under 20 years 151 2,995,948
20 years or more 92 2,248,262
Holding period not determinable 5,137 62,865,664
All asset types
Gain transactions (1)
Basis Loss
(7) (8)
Short-term transactions
Total 1,045,068,228 115,839,929
Under 1 month 262,842,419 22,550,817
1 month under 2 months 52,528,497 10,407,861
2 months under 3 months 34,888,662 6,830,803
3 months under 4 months 30,418,322 5,939,019
4 months under 5 months 27,768,383 7,144,529
5 months under 6 months 22,966,428 4,998,355
6 months under 7 months 18,445,333 3,683,584
7 months under 8 months 20,352,109 3,920,640
8 months under 9 months 14,076,900 3,104,647
9 months under 10 months 13,587,438 2,714,705
10 months under 11 months 13,776,165 3,911,614
11 months under 12 months 12,417,774 2,848,012
1 year or more (2) 59,802,723 2,399,286
Holding period not determinable 461,197,077 35,386,059
Long-term transactions
Total 291,427,194 73,148,445
Under 18 months (3) 59,302,600 12,320,313
18 months under 2 years 32,390,864 8,101,595
2 years under 3 years 36,195,071 9,274,457
3 years under 4 years 20,255,004 4,234,962
4 years under 5 years 12,596,622 2,679,105
5 years under 10 years 36,187,347 7,087,550
10 years under 15 years 8,383,421 2,542,262
15 years under 20 years 4,509,326 1,513,645
20 years or more 3,188,322 977,077
Holding period not determinable 78,418,616 24,417,479
Footnotes at end of table 4e.
Table 4b.--Short-Term and Long-Term Capital Asset Transactions:
Corporate Stock, by Length of Time Held, Tax Year 1999
[All figure are estimates based on samples--number of transactions
is in thousands, money amounts are in thousands of dollars]
Corporate stock
Gain transactions (1)
Type of transaction, Number of Sales
length of time held transactions price
(1) (2)
Short-term transactions
Total 43,802 1,029,338,046
Under 1 month 19,500 405,097,034
1 month under 2 months 4,770 77,045,806
2 months under 3 months 3,163 40,385,237
3 months under 4 months 2,345 30,142,228
4 months under 5 months 1,996 23,138,355
5 months under 6 months 1,634 17,160,226
6 months under 7 months 1,468 18,712,254
7 months under 8 months 1,385 22,581,440
8 months under 9 months 1,160 12,385,474
9 months under 10 months 982 9,713,942
10 months under 11 months 917 9,075,277
11 months under 12 months 806 10,382,558
1 year or more (2) 252 14,003,152
Holding period not determinable 3,422 339,515,063
Long-term transactions
Total 22,373 407,274,409
Under 18 months (3) 4,397 53,666,451
18 months under 2 years 2,545 37,146,550
2 years under 3 years 3,316 43,192,211
3 years under 4 years 1,846 28,710,866
4 years under 5 years 1,154 24,160,842
5 years under 10 years 2,384 46,121,258
10 years under 15 years 760 18,797,251
15 years under 20 years 420 11,678,733
20 years or more 424 17,824,595
Holding period not determinable 5,126 125,975,652
Corporate stock
Gain transactions (1)
Type of transaction,
length of time held Basis Gain
(3) (4)
Short-term transactions
Total 926,684,236 104,483,502
Under 1 month 371,546,828 33,592,742
1 month under 2 months 64,711,116 12,345,819
2 months under 3 months 32,708,336 7,679,529
3 months under 4 months 23,870,068 6,286,374
4 months under 5 months 17,858,206 5,274,855
5 months under 6 months 12,985,195 4,174,083
6 months under 7 months 14,722,020 3,982,952
7 months under 8 months 18,610,182 3,970,433
8 months under 9 months 9,113,444 3,275,540
9 months under 10 months 7,132,636 2,584,305
10 months under 11 months 6,578,757 2,497,770
11 months under 12 months 8,250,891 2,130,460
1 year or more (2) 13,091,441 911,919
Holding period not determinable 325,505,115 15,776,721
Long-term transactions
Total 170,347,882 236,439,862
Under 18 months (3) 31,259,958 22,414,113
18 months under 2 years 21,353,715 15,778,704
2 years under 3 years 19,622,642 23,475,932
3 years under 4 years 11,060,676 17,569,112
4 years under 5 years 10,044,549 14,107,611
5 years under 10 years 14,754,530 31,186,332
10 years under 15 years 3,969,721 14,826,999
15 years under 20 years 2,218,027 9,451,667
20 years or more 2,641,621 15,201,421
Holding period not determinable 53,422,444 72,427,972
Corporate stock
Loss transactions
Type of transaction, Number of Sales
length of time held transactions price
(5) (6)
Short-term transactions
Total 28,917 509,874,556
Under 1 month 10,445 204,967,849
1 month under 2 months 3,154 34,159,586
2 months under 3 months 2,249 21,559,557
3 months under 4 months 1,937 16,379,117
4 months under 5 months 1,646 14,264,829
5 months under 6 months 1,470 11,646,372
6 months under 7 months 1,228 8,959,549
7 months under 8 months 1,182 11,829,553
8 months under 9 months 1,076 6,671,209
9 months under 10 months 835 6,076,715
10 months under 11 months 858 5,361,423
11 months under 12 months 709 4,817,513
1 year or more (2) 221 49,975,294
Holding period not determinable 1,906 113,205,988
Long-term transactions
Total 10,426 72,713,862
Under 18 months (3) 3,288 22,581,935
18 months under 2 years 1,767 9,954,189
2 years under 3 years 1,725 9,437,167
3 years under 4 years 748 4,237,874
4 years under 5 years 379 2,516,380
5 years under 10 years 891 4,507,301
10 years under 15 years 232 1,003,963
15 years under 20 years 62 299,834
20 years or more 43 1,051,612
Holding period not determinable 1,290 17,123,607
Corporate stock
Loss transactions
Type of transaction,
length of time held Basis Loss
(7) (8)
Short-term transactions
Total 586,946,973 77,256,755
Under 1 month 222,692,194 17,679,721
1 month under 2 months 41,449,027 7,237,530
2 months under 3 months 27,170,644 5,611,792
3 months under 4 months 21,273,290 4,894,729
4 months under 5 months 20,741,482 6,477,180
5 months under 6 months 15,946,070 4,303,314
6 months under 7 months 11,825,085 2,868,048
7 months under 8 months 15,123,246 3,295,328
8 months under 9 months 9,309,992 2,639,905
9 months under 10 months 8,225,665 2,149,369
10 months under 11 months 8,595,473 3,235,883
11 months under 12 months 7,011,072 2,193,638
1 year or more (2) 51,159,995 1,177,723
Holding period not determinable 126,423,735 13,492,594
Long-term transactions
Total 110,715,807 38,562,763
Under 18 months (3) 31,956,096 9,393,516
18 months under 2 years 16,156,778 6,203,238
2 years under 3 years 15,859,707 6,421,992
3 years under 4 years 6,845,715 2,641,966
4 years under 5 years 4,024,193 1,508,180
5 years under 10 years 7,485,840 2,984,959
10 years under 15 years 2,028,624 1,024,677
15 years under 20 years 535,124 235,290
20 years or more 1,496,225 444,612
Holding period not determinable 24,327,505 7,704,333
Footnotes at end of table 4e.
Table 4c.--Short-Term and Long-Term Capital Asset Transactions:
Bonds and Other Securities, by Length of Time Held, Tax Year 1999
[All figures are estimates based on samples--number of transactions
is in thousands, money amounts are in thousands of dollars]
Bonds and other securities
(4)
Gain transactions (1)
Type of transaction, Number of Sales
length of time held transactions price
(1) (2)
Short-term transactions
Total 590 120,111,082
Under 1 month 122 58,104,892
1 month under 2 months 44 14,259,687
2 months under 3 months 24 5,713,704
3 months under 4 months 32 3,892,953
4 months under 5 months 24 1,764,870
5 months under 6 months 24 2,018,408
6 months under 7 months 50 3,460,189
7 months under 8 months 14 1,337,654
8 months under 9 months 28 1,112,538
9 months under 10 months 21 1,344,738
10 months under 11 months 23 1,259,041
11 months under 12 months 20 1,913,347
1 year or more (2) 16 1,933,677
Holding period not determinable 148 21,995,383
Long-term transactions
Total 3,021 82,079,171
Under 18 months (3) 122 7,389,256
18 months under 2 years 139 5,794,262
2 years under 3 years 320 10,721,852
3 years under 4 years 212 6,815,270
4 years under 5 years 266 7,213,669
5 years under 10 years 859 19,678,400
10 years under 15 years 234 5,037,114
15 years under 20 years 71 1,382,601
20 years or more 29 747,681
Holding period not determinable 769 17,299,066
Bonds and other
securities (4)
Gain transactions (1)
Type of transaction,
length of time held Basis Gain
(3) (4)
Short-term transactions
Total 119,472,276 536,628
Under 1 month 57,919,707 114,256
1 month under 2 months 14,215,949 42,751
2 months under 3 months 5,691,892 21,798
3 months under 4 months 3,874,040 18,171
4 months under 5 months 1,706,122 58,781
5 months under 6 months 1,981,960 34,551
6 months under 7 months 3,406,182 53,837
7 months under 8 months 1,317,385 20,359
8 months under 9 months 1,086,892 25,614
9 months under 10 months 1,329,496 15,342
10 months under 11 months 1,228,339 30,707
11 months under 12 months 1,891,927 21,426
1 year or more (2) 1,927,206 6,221
Holding period not determinable 21,895,179 72,815
Long-term transactions
Total 78,917,794 3,203,680
Under 18 months (3) 7,287,420 102,125
18 months under 2 years 5,639,407 162,284
2 years under 3 years 10,378,856 343,231
3 years under 4 years 6,481,652 336,857
4 years under 5 years 7,013,747 207,545
5 years under 10 years 19,256,776 422,311
10 years under 15 years 4,571,054 465,867
15 years under 20 years 1,190,619 191,892
20 years or more 485,630 262,051
Holding period not determinable 16,612,634 709,516
Bonds and other securities
(4)
Loss transactions
Type of transaction, Number of Sales
length of time held transactions price
(5) (6)
Short-term transactions
Total 570 41,809,726
Under 1 month 64 12,115,496
1 month under 2 months 35 3,115,904
2 months under 3 months 31 2,619,729
3 months under 4 months 52 3,613,656
4 months under 5 months 39 2,311,150
5 months under 6 months 48 2,384,694
6 months under 7 months 53 2,556,393
7 months under 8 months 38 1,851,637
8 months under 9 months 39 1,521,260
9 months under 10 months 43 2,201,954
10 months under 11 months 33 1,652,938
11 months under 12 months 31 1,547,376
1 year or more (2) 16 580,536
Holding period not determinable 47 3,737,002
Long-term transactions
Total 1,230 36,610,150
Under 18 months (3) 191 8,292,842
18 months under 2 years 128 5,514,546
2 years under 3 years 193 5,527,381
3 years under 4 years 128 3,127,998
4 years under 5 years 123 2,925,134
5 years under 10 years 304 6,533,652
10 years under 15 years 33 503,536
15 years under 20 years 11 72,803
20 years or more 9 133,230
Holding period not determinable 110 3,979,027
Bonds and other
securities (4)
Loss transactions
Type of transaction,
length of time held Basis Loss
(7) (8)
Short-term transactions
Total 43,423,185 1,575,106
Under 1 month 12,249,926 134,824
1 month under 2 months 3,197,787 81,883
2 months under 3 months 2,690,784 71,056
3 months under 4 months 3,731,954 119,135
4 months under 5 months 2,437,978 86,145
5 months under 6 months 2,514,270 129,576
6 months under 7 months 2,680,422 124,299
7 months under 8 months 1,968,930 117,293
8 months under 9 months 1,623,201 101,940
9 months under 10 months 2,375,871 173,925
10 months under 11 months 1,770,756 117,830
11 months under 12 months 1,653,037 105,657
1 year or more (2) 632,630 52,094
Holding period not determinable 3,895,636 159,448
Long-term transactions
Total 38,736,114 2,126,502
Under 18 months (3) 8,822,483 529,722
18 months under 2 years 5,808,325 293,802
2 years under 3 years 5,753,892 226,517
3 years under 4 years 3,363,810 235,812
4 years under 5 years 3,070,633 145,499
5 years under 10 years 6,959,300 425,643
10 years under 15 years 570,736 67,199
15 years under 20 years 84,916 12,113
20 years or more 144,160 10,930
Holding period not determinable 4,157,860 179,264
Footnotes at end of table 4e.
Table 4d.--Short-Term and Long-Term Capital Asset Transactions: Real
Estate, by Length of Time Held, Tax Year 1999
[All figures are estimates based on samples-number of transactions is
in thousands, money amounts are in thousands of dollars]
Real estate (5)
Gain transactions (1)
Type of transaction, Number of Sales
length of time held transactions price Basis
(1) (2) (3)
Short-term transactions
Total 269 15,474,764 12,416,818
Under 1 month 40 2,795,814 1,661,898
1 month under 2 months 25 793,708 683,226
2 months under 3 months 15 861,439 675,926
3 months under 4 months 21 720,105 590,954
4 months under 5 months 16 864,856 738,530
5 months under 6 months 14 632.056 556,891
6 months under 7 months 26 2,027,426 1,714,242
7 months under 8 months 9 563,528 473,491
8 months under 9 months 14 555,867 500,237
9 months under 10 months 18 1,623,696 1,437,916
10 months under 11 months 16 553,156 463,286
11 months under 12 months 15 910,834 801,316
1 year or more (2) 10 397,693 243,065
Holding period not
determinable 29 2,174,587 1,875,839
Long-term transactions
Total 2,877 173,608,319 101,016,832
Under 18 months (3) 117 10,095,173 8,302,111
18 months under 2 years 63 5,693,814 4,407,895
2 years under 3 years 163 10,175,113 7,640,245
3 years under 4 years 172 10,031,041 6,492,059
4 years under 5 years 159 9,581,539 6,968,973
5 years under 10 years 567 35,638,596 23,470,940
10 years under 15 years 461 25,531,018 13,285,704
15 years under 20 years 316 17,122,177 7,899,846
20 years or more 480 29,903,057 11,792,778
Holding period not
determinable 379 19,836,792 10,756,281
Real estate (5)
Gain
transactions (1) Loss transactions
Type of transaction, Number of Sales
length of time held Gain transactions price
(4) (5) (6)
Short-term transactions
Total 1,869,870 56 6,863,621
Under 1 month 124,679 3 201,419
1 month under 2 months 91,810 2 173,126
2 months under 3 months 89,418 1 165,433
3 months under 4 months 99,877 1 670,902
4 months under 5 months 107,970 8 968,861
5 months under 6 months 64,927 6 798,151
6 months under 7 months 298,064 2 175,175
7 months under 8 months 92,057 2 370,503
8 months under 9 months 55,774 4 320,629
9 months under 10 months 176,438 4 78,082
10 months under 11 months 90,253 6 296,857
11 months under 12 months 90,001 5 185,374
1 year or more (2) 160,879 4 2,248,026
Holding period not
determinable 327,723 8 211,084
Long-term transactions
Total 59,612,601 402 26,307,145
Under 18 months (3) 1,621,371 30 3,890,178
18 months under 2 years 1,091,821 24 1,889,271
2 years under 3 years 2,198,949 61 3,183,380
3 years under 4 years 2,720,305 27 2,806,128
4 years under 5 years 2,371,555 25 1,224,974
5 years under 10 years 9,816,265 92 6,384,317
10 years under 15 years 11,061,751 39 1,956,289
15 years under 20 years 6,443,091 34 1,677,754
20 years or more 13,553,937 18 543,250
Holding period not
determinable 8,733,557 52 2,751,603
Real estate (5)
Loss transactions
Type of transaction,
length of time held Basis Loss
(7) (8)
Short-term transactions
Total 7,328,472 458,394
Under 1 month 217,452 16,034
1 month under 2 months 180,741 7,616
2 months under 3 months 176,694 11,261
3 months under 4 months 711,773 40,870
4 months under 5 months 1,038,858 69,997
5 months under 6 months 836,499 38,347
6 months under 7 months 202,278 27,103
7 months under 8 months 405,544 35,041
8 months under 9 months 333,182 12,563
9 months under 10 months 88,033 9,952
10 months under 11 months 350,193 53,389
11 months under 12 months 221,346 35,971
1 year or more (2) 2,311,282 57,076
Holding period not
determinable 254,597 43,173
Long-term transactions
Total 31,214,947 4,951,775
Under 18 months (3) 4,148,945 258,839
18 months under 2 years 2,082,880 193,610
2 years under 3 years 3,807,417 623,758
3 years under 4 years 3,137,201 331,072
4 years under 5 years 1,553,646 328,685
5 years under 10 years 7,531,483 1,148,402
10 years under 15 years 2,638,893 682,610
15 years under 20 years 2,206,964 529,209
20 years or more 771,829 228,579
Holding period not
determinable 3,335,690 627,010
Footnotes at end of table 4e
Table 4e.--Short-Term and Long-Term Capital Asset Transactions: Other
Asset Types, by Length of Time Held, Tax Year 1999
[All figures are estimates based on samples-number of transactions is
in thousands, money amounts are in thousands of dollars]
Other asset types (6)
Gain transaction (1)
Type of transaction, Number of Sales
length of time held transactions price Basis
(1) (2) (3)
Short-term transactions
Total 13,070 356,458,922 328,060,887
Under 1 month 3,007 55,795,713 50,525,066
1 month under 2 months 972 12,222,873 9,088,813
2 months under 3 months 494 6,964,002 5,729,539
3 months under 4 months 485 5,110,385 4,315,618
4 months under 5 months 348 4,022,966 3,327,722
5 months under 6 months 310 3,159,325 2,742,863
6 months under 7 months 406 2,952,131 2,403,272
7 months under 8 months 315 3,063,046 2,595,675
8 months under 9 months 229 2,451,112 2,103,956
9 months under 10 months 291 2,627,594 2,342,500
10 months under 11 months 285 2,165,196 1,840,643
11 months under 12 months 362 3,394,210 2,953,083
1 year or more 230 8,431,868 7,887,621
Holding period not
determinable 5,337 244,098,500 230,204,295
Long-term transactions
Total 36,046 235,503,164 157,667,231
Under 18 months (3) 1,946 20,273,313 16,573,473
18 months under 2 years 1,002 11,379,678 8,691,149
2 years under 3 years 1,676 17,610,049 13,736,076
3 years under 4 years 1,255 12,340,882 8,853,880
4 years under 5 years 841 9,158,581 6,226,358
5 years under 10 years 1,992 24,780,731 16,235,180
10 years under 15 years 533 13,830,396 8,730,527
15 years under 20 years 200 5,931,719 2,433,829
20 years or more 187 13,265,282 5,712,633
Holding period not
determinable 26,414 106,932,535 70,474,125
Other asset types (6)
Gain
transaction (1) Loss transactions
Type of transaction, Number of Sales
length of time held Gain transactions price
(4) (5) (6)
Short-term transactions
Total 49,087,937 8,952 377,924,143
Under 1 month 5,215,184 1,897 22,730,345
1 month under 2 months 3,161,550 663 4,619,986
2 months under 3 months 1,227,677 401 3,715,856
3 months under 4 months 770,791 361 3,818,108
4 months under 5 months 697,064 306 3,042,403
5 months under 6 months 416,485 260 3,142,471
6 months under 7 months 557,067 292 3,073,363
7 months under 8 months 442,100 250 2,366,415
8 months under 9 months 346,401 226 2,459,751
9 months under 10 months 351,104 282 2,517,408
10 months under 11 months 324,341 282 2,558,194
11 months under 12 months 465,182 270 3,016,783
1 year or more 566,624 174 4,554,231
Holding period not
determinable 34,546,367 3,286 316,308,829
Long-term transactions
Total 264,466,107 9,820 91,703,236
Under 18 months (3) 3,526,746 1,511 12,247,862
18 months under 2 years 2,645,670 1,040 6,932,111
2 years under 3 years 3,447,081 1,241 8,822,664
3 years under 4 years 3,173,325 683 5,897,392
4 years under 5 years 2,666,463 388 3,253,079
5 years under 10 years 6,366,161 1,030 11,690,219
10 years under 15 years 4,242,144 177 2,382,755
15 years under 20 years 3,276,259 43 945,557
20 years or more 6,725,935 22 520,170
Holding period not
determinable 228,396,323 3,686 39,011,427
Other asset types (6)
Loss Transactions
Type of transaction,
length of time held Basis Loss
(7) (8)
Short-term transactions
Total 407,369,598 36,549,674
Under 1 month 27,682,846 4,720,238
1 month under 2 months 7,700,942 3,080,831
2 months under 3 months 4,850,540 1,136,694
3 months under 4 months 4,701,305 884,284
4 months under 5 months 3,550,063 511,206
5 months under 6 months 3,669,588 527,117
6 months under 7 months 3,737,547 664,133
7 months under 8 months 2,854,388 472,978
8 months under 9 months 2,810,526 350,239
9 months under 10 months 2,897,868 381,459
10 months under 11 months 3,059,742 504,512
11 months under 12 months 3,532,318 512,745
1 year or more 5,698,816 1,112,393
Holding period not
determinable 330,623,110 21,690,844
Long-term transactions
Total 110,760,326 27,507,405
Under 18 months (3) 14,375,076 2,138,236
18 months under 2 years 8,342,881 1,410,946
2 years under 3 years 10,774,056 2,002,189
3 years under 4 years 6,908,278 1,026,111
4 years under 5 years 3,948,149 696,740
5 years under 10 years 14,210,725 2,528,545
10 years under 15 years 3,145,168 767,776
15 years under 20 years 1,682,322 737,033
20 years or more 776,109 292,955
Holding period not
determinable 46,597,561 15,906,872
(1) Transactions with no gain or loss are included with gain
transactions.
(2) Dates showed holding period to be 1 year or more and transactions
not reclassified during editing.
(3) Includes some transactions where holding period was under 1 year
and transactions not reclassified during editing.
(4) Bonds and other securities include U. S. Government obligations,
State and local government obligations, and other bonds, notes and
debentures.
(5) Real estate includes residential rental property, depreciable
business real property, farmland and other land.
(6) Other asset types include all other asset categories not included
in the above categories, including put and call options; futures
contracts; all mutual funds; partnership, S corporation, and estate or
trust interest; pass through gains and losses; livestock; timber;
involuntary conversions; depreciable business personal property;
residences; unidentified assets; and capital gain distributions.
NOTES: Detail may not add to totals because of rounding. Sales price
minus basis does not always equal net gain or loss because: (a) only
the gain is reported for capital gain distributions from mutual funds
and pass-through gains or losses; (b) part of the total gain or loss
on certain depreciable assets is treated as ordinary income rather than
capital gain or loss; and (c) sales price and basis are often reported
as negative for futures contracts and put and call options when a loss
occurred. Comparisons across tables may differ because of misreporting
of holding periods and the varying methodologies in classifying these.
Figure A
Net Capital Gains, by Source and Type of Asset, Tax Year 1999
Corporate stock 42.4%
Pass-through gains 25.3%
Other assets 20.8%
Capital gain distributions 11.5%
All other 10.9%
Depreciable business real and personal property and residence 3.8%
Partnership S corporation, and estate or trust interests 3.4%
Mutual funds 2.7%
Note: Table made from pie chart.
NOTE: Other assets include U.S> Government and State and local
government obligations, bonds, options and futures, tax-exempt bond
mutual funds, livestock, timber, involuntary conversions, land, and,
unidentifiable.
Notes and References
[1] See Wilson, Janette, "Sales of Capital Assets Reported on Individual Income Tax Returns, 1998 and 1997," Statistics of Income Bulletin, Summer 2002, Volume 22, Number 1.
[2] See Economic Report of the President (February 1997) published by the Government Printing Office, Washington, D.C, Appendix B.
[3] Net capital gains of $530.7 billion and capital gain distributions of $61.0 billion differ from data previously published ($542.8 billion and $59.5 billion, respectively). Net capital gain in this article is defined as current year short-term and long term gains less losses not including carry-over amounts from previous years. In addition, losses are not limited when they exceed $3,000 per return. See Campbell, David and Parisi, Michael, "Individual Income Tax Returns, 1999," Statistics of Income Bulletin, Fall 2001, Volume 21, Number 2.
This article was written by Janette Wilson, an economist with the Individual Research Section, under the direction of Carl Greene, Chief
COPYRIGHT 2003 U.S. Government Printing Office
COPYRIGHT 2004 Gale Group
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