Blog Archives

How to Calculate Your Cost Basis and Save Money…Guaranteed

When you sell a capital asset you need to know when you purchased it and what the cost basis is.  These will be used to determine what your capital gain (or loss) is.  Capital assets are items such as stocks,


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

What’s the Difference in Capital Gains Taxes?

Capital Assets Capital assets are generally those held for investment.  Stocks, bonds and mutual funds are some examples. If there is a gain on the sale of these assets, a capital gains tax is due.


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,

3 Reasons to Recognize Capital Gains in 2012

1) The Long-Term Capital Gains Rate is Going Up Long-term capital gains are for capital assets held longer than a year. Capital assets include stocks, bonds and mutual funds. Collectibles and certain Real Estate are subject to special rules.  The


Tagged with: , , , , , , , , , , , , , , , , , , , ,

The Difference Between Short-Term and Long-Term Capital Gains

The sale of a capital asset will result in a capital gain.  Depending on the holding period of this asset, the gain will either be short-term or long-term. Long-term gains have a lower, preferred income tax rate.  The holding period


Tagged with: , , , , , , , , , , , , , , , , , , , , , ,