short-term capital gain

The term “short-term capital gain” means gain from the sale or exchange of a capital asset held for not more than 1 year, if and to the extent such gain is taken into account in computing gross income.

Source

26 USC § 1222(1)

---

Scoping language

None identified, default scope is assumed to be the parent (part III) of this section.

---

Is this correct? or