Bought my lease a year into my contract and turned around and sold to Carvana for profit. Short or long term?
In 2022 I bought my lease after a year of having it and turned around and sold to Carvana for profit. Would this be short or long term capital gain since I leased the car for over a year but actually "owned" it for just a short two months. Is the rate at 15% of the profit or just adds to my wages? I'll need to amend my return >.<