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Accounting > Capital Gain

The following information is about Capital Gain.

Capital Gain Defined

Portion of the total GAIN recognized on the sale or exchange of a noninventory asset which is not taxed as ORDINARY INCOME. Capital gains have historically been taxed at a lower rate than ordinary income.

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Off-site Capital Gain Links, User Submitted

The following links have been collected through user bookmark submission in the Capital Gain category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.

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  • Estimating Your Home Refinance Options: If you have owned in your house for any length of time of time especially for 3 years or more it is a great idea to evaluate the value of your home for tax purposes. It is also important to see if you are able to refinance your home. If you are able ...

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  • Inability to Rollover: One Tax-Law Catch - WSJ.com: The "rollover " provision disappeared as part of sweeping tax-law changes enacted in 1997. But the 1997 law drew widespread applause because it effectively eliminated capital-gains taxes for most people who sell their primary residence. Capital-gains exclusion up to 250,000/single s, $500,000/marri ed couple joint return.

Fri Apr 10

  • 1031 exchange info guide 101: Mansi Gupta asked: A smart tax saving tool that is gaining popularity among the real estate investors by enabling them to defer the entire capital gains tax is 1031 Exchange. Established in 1990 by the Internal Revenue Code Section 1.1031, it gives th...

Mon Apr 6

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