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26
Sep 2012

Capital Gains Tax

The term capital gain, or capital gains, is used to describe the profit earned from buying an investment or other asset at one price and selling it at a different, higher price. For instance, if you bought a piece of real estate for $500,000 and sold it for $800,000, you would need to report total capital gains of $300,000 ($800,000 selling price - $500,000 cost basis = $300,000 capital...

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