What is a Capital Gain? (and how are they taxed?)
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What is a Capital Gain? (and how are they taxed?)
When you sell a personal or business asset for more than what you paid for it, the result is usually considered a capital gain and is taxable. Capital assets held for more than one year are taxed at special rates that are lower than that for ordinary income. This video is a highly oversimplified view of what capital gains are and how they are ...
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