Capital gains are the profits you get when you sell an asset. They can be subject to either short-term or long-term tax rates, depending on how long you owned the asset. Many, or all, of the ...

What Is the Lifetime Capital Gains Exemption (LCGE)? The Lifetime Capital Gains Exemption (LCGE) is one such mechanism that provides significant benefits to those who understand and apply it ...

For more information, see our expert panel. Capital gains are profits. Specifically, the profits you make from selling capital assets, such as stocks, bonds, real estate, and collectibles.

If you have a long-term capital gain — meaning you held the asset for more than a year — you’ll owe either 0 percent, 15 percent or 20 percent in the 2024 or 2025 tax year. Capital gains ...

Section 1245 outlines what properties are included in this treatment and when the ordinary income tax rate applies to their sale, rather than the capital gains tax rate. Section 1245 is a way for ...

meaning the IRS treats it as a capital asset. This means the crypto taxes you pay are the same as the taxes you might owe when realizing a gain or loss on the sale or exchange of a capital asset.