Taxes And Your Investments
- Topics:
- Taxes
- Source:
- InvestorGuide
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Overview: Whenever you sell an investment at a profit, you will owe the IRS a tax known as a capital gains tax. This is true for most investments, including mutual funds, bonds, options, collectibles, your home, or business. Capital gains are the amount by which an asset's selling price exceeds its initial purchase price. A realized capital gain is an investment that has actually been sold at a profit. An unrealized capital gain is an investment that hasn't been sold yet but would result in a profit if sold; the gain equals the difference between the purchase price and the selling price. This article deals with taxes.
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Format: HTML | Date: Jan 2003 | Pages: 1
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