Question by  kellbot (28)

What kinds of things are subject to federal capital gains tax?


Answer by  roxiee (98)

Any capital asset, which is everything owned and used for personal purposes, pleasure or investment, mutual funds, and rest estate investment trusts are subject to capital gain taxes.


Answer by  Srr (105)

Any property that you own and sell for a profit must be reported as a capital gain. Examples include stocks, real estate, precious metals, artwork, even a restored classic car.


Answer by  John (9008)

Profits that come from investment or interest are subject to capital gains taxes. Only actual earnings count; if your stock rises but you don't sell, it doesn't count.


Answer by  luckharm (77)

Sale of stocks, mutual funds Sale of a house after $250,000 exclusion Sale of works of art or other collectibles

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