Net Long-term Gain
Definition of "Net long-term gain"
In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more. This is reported on Schedule D of Form 1040 (for sole proprietors) or Form 1120 (for corporations).
Popular Real Estate Terms
Legal proceeding to exercise a right in a disagreement between private individuals or businesses. One party seeks a remedy against the other. It does not involve a criminal situation. ...
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