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Tag Archives: Capital Gains
Capital Gains
Almost everything we own and use is a capital asset. Some examples are a home, household furnishings, stocks, or bonds. Any time a capital asset is sold, the difference between the selling price and what you paid for it originally … Continue reading
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Tagged 50 Tax Tips, Assets, Attorney, Capital Gains, Law Office of Camron Hoorfar, Lawyer, Lees Summit, LOCH, Long Term Assets, Short Term Assets, Tax tips
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Ten Facts about Capital Gains and Losses
The term “capital asset” for tax purposes applies to almost everything you own and use for personal or investment purposes. A capital gain or loss occurs when you sell a capital asset. Here are 10 facts from the IRS on … Continue reading