Long term

Capital Gains Tax – Short and Long Term Rates Plus Other Factors to Consider

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When you sell a capital asset like a stock or a home you own, the difference between the amount you sell it for and what you paid for it (cost basis) is classified as a capital gain or a capital loss. Capital gains and losses are further classified as long-term or short-term, depending on how […]

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Capital Gains and Losses : Tax Facts and Figures

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Here are some useful facts & figures to be aware of, from various IRS publications, when it comes to capital gains and losses. Also included are the latest CGT deduction and tax rates. Almost everything you own and use for personal or investment purposes is a capital asset. Examples are your home, investment properties, stocks, […]

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