WHAT ARE CAPITAL GAINS

| February 24, 2019

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What a useful graphic we have here. Mint.com has created a graphic in order to summarize the various aspects of capital gains (and capital losses). They have done so with an incredible attention to detail, leaving no stone unturned. So, what is a capital gain you ask (if you haven’t asked, someone has asked for you.) According to the graphic, a capital gain is the profit that you gain when you sell a capital asset that you own, such as a stock, a bond, a piece of real estate, or a website. On the other hand, when you sell a capital asset for less than the price you bought it for you, you incur a capital loss. It’s important to understand the capital gains and losses apply to both businesses and individuals.

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