capital gains tax rate costs
Would you like to know what is considered capital gains by the IRS? Would you like to know how much it might cost you? Capital gains is what the IRS says is your profit when you sell something that is defined as a capital asset. Real estate, mutual fund shares, stocks, and bonds are all considered capital assets. If you inherited a home or real estate you might be subject to the capital gains tax.
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Ruth Noel
Hello, my name is Ruth and I'm the founder of TaxTwerk.com. Check out our Recommendations for more.