Capital gain
The profit made when you sell an asset, such as stocks or real estate, for more than its purchase price. Capital gains are taxable and can be short-term or long-term, depending on how long the asset was held.
The profit made when you sell an asset, such as stocks or real estate, for more than its purchase price. Capital gains are taxable and can be short-term or long-term, depending on how long the asset was held.
William Bevins Jr, CFP® CTFA
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