Taxes

Federal Taxes

What is a capital gain or loss?

It is the difference between your cost basis, or what you paid for it, and what you sold it for. If the difference is positive, meaning its value increased, it is called a capital gain. If the price decreases from the time of purchase, then it is called a capital loss. Both situations are given attention when you file your taxes each year.



Close

This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App