A capital gains tax is a tax levied on the profit — a “gain” — of the sale of an investment. For example, let’s say you realize a $20,000 gain on a stock sold. You’ll owe capital gains tax on that profit for the tax year it was sold. The exact capital gains tax rate you
Tag: investment
Rental Real Estate: Determining if a Property is a Business or an Investment
If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill.
Taxable vs. Tax-Advantaged: Where to Hold Investments
When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, but it may make more sense to hold other investments in taxable accounts.