Capital gains tax is the tax on the profit from the sale of an asset, such as stocks, real estate, or collectibles. The rate at which you're taxed depends on how long you held the asset.
A capital gain is the profit from the sale of an asset, such as stocks or real estate.
Capital gains tax is calculated based on the difference between the selling price and the purchase price of the asset.
Yes, certain exemptions apply, such as the primary residence exclusion for homeowners.
The capital gains tax rate varies based on income and the length of time the asset was held.
You can minimize capital gains tax by holding assets longer, offsetting gains with losses, and utilizing tax-advantaged accounts.
