Capital Gains Or Losses
Definition of "Capital gains or losses"
Any gain or loss from selling of capital assets. The gain or loss is the difference between the net selling price and cost basis. The two types of capital gains or losses for tax purposes are long term and short term. Capital gains are net after all costs have been deducted. Capital gains and losses are reported on schedule D of IRS form 1040. They include sales of real estate.
Popular Real Estate Terms
Type of flooring, made up of tiles of colored stone or marble that is set in concrete. ...
Right to an item belongs to the public at large so anyone can use it. An example is a real estate software program that is publicly available by an electronic bulletin board service. ...
A natural process of adding soil to land, usually by water action, leaving earth or sand deposits. This can take place through unusual events such as flooding or storm conditions, or ...
A step's edge. ...
Early American frontier-style house constructed of logs. Since finished lumber was not readily available during the early frontier period of American history, homes were often fashioned out ...
A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...
Lessors of real estate play a crucial role in the leasing process. They enable property owners to boost their assets and profits while providing tenants access to dwelling spaces and ...
A way to sell and finance property by which the seller keeps title but the buyer takes possession while installment payments are being made. The gain is taxed while the mortgage ...
Highest bid to buy and the lowest offer to sell a parcel of real estate in a particular market at a specified time. ...
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