Capital gains tax, which applies to many investment transactions, is an important component of the investment landscape, affecting millions of investors. From stocks and bonds to real estate and ...
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Capital gains tax is a tax on profits from asset sales. Long-term capital gains tax rates are 0%, 15% or 20%. Short-term rates equal ordinary income tax rates.
Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury vacation retreat, or even a rental investment, the IRS treats the sale ...