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A Taxing Story: Capital Gains and Losses

Accounting NewsBy Jesse WeitzelFebruary 19, 2025

A Taxing Story: Capital Gains and Losses Chris Rock once remarked, “You don’t pay taxes – they take taxes.” That applies not only to income but also to capital gains. Capital gains result when an individual sells an investment for an amount greater than their purchase price. Capital gains are categorized as short-term gains (a…

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