Guides ยท Finance
Capital Gains Basics
Know how gains are taxed
Capital gains arise when selling assets; short-term gains are taxed as ordinary income, long-term often at lower rates with potential offsets.
- short-term
- long-term
- basis
- offset
- tax rate
Track Basis
Keep records of purchase dates, prices, and adjustments.
Hold Period
Know short vs long-term thresholds and rates.
Offset Smart
Use losses and tax-advantaged accounts where appropriate.