How Is Gross Income Taxed: Capital Gains

Question 1

Capital Gain

Answer 1

Dividends on corporate stock, Gain or loss on sale or exchange of capital asset.

Question 2

Gain is Taxed At

Answer 2

15% rather than 35%

long term gains are those on property held for more than one year

Loss is only deductible against capital gains plus 3000 of ordinary assets.