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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Tuesday, Dec. 27 Types of Taxes - Capital Gains and Losses, #102Just about everything you own and use for personal or investment purposes is a capital asset. Examples are household furnishings, your home and stocks or bonds you personally own. You have a capital gain or a capital loss whenever you sell a capital asset. the difference between the amounts you sell it for and your cost or basis determines whether you have a capital gain or a capital loss. You have… Subscribers have free access to the archives. Click here. |
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