A primer on capital gains

Capital gains are pretty straightforward.

If you sell an asset in a taxable account and you've held the asset for less than a year, you pay your ordinary income tax based on your tax bracket. This is known as short-term capital gains.

If you sell an asset in a taxable account and you've held the asset for a year or more, you pay long-term capital gains.

You have an incentive to hold assets for over a year. Additionally, if you're in a period of low or no income and have a 0% long-term capital gains tax rate, this is a great opportunity to incur the 0% tax now and reset your cost basis.