- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Welcome, pzenanko!
Short answer is no.
A capital gain occurs when you sell an asset for a price higher than it's basis.
If you hold an investment for more than a year before selling, your profit is considered a long-term gain and is taxed at a lower rate.
Capital assets are significant pieces of property such as homes, cars, investment properties. stocks, bonds and even collectibles or art.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 26, 2024
10:45 AM