fbpx

Capital Gain

Capital Gain

cap·i·tal gain
/ˌkapədl ˈɡān/

Profit achieved from the sale of a capital asset.

(Collectibles, Car, Stocks, Real Estate & Fine art are all examples of things considered capital assets. )

There are two types of Capital Gains.

It is a long-term capital gain, if the asset was held for more than one year and it is a short-term capital gain, if the asset was held for one year or less.