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Archive for the ‘short term rates’ Category


How Do I calculate capital gains taxes for the previous year?

Capital gains are those that arise out of the sales or transfer of capital assets. You can obtain capital gains by selling any type of property, which includes stock in trade, consumables, raw materials, personal effects, agricultural lands, gold bonds and special bearer bonds. There are certain properties that cannot be transferred for property gains. [...]

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Capital Gains On Inherited Property

The question on whether there are capital gains on inherited property has been asked quite often. The answer is a resounding yes! You are taxed when you liquidate inherited property. There is a specific process that you must follow in order to calculate your full tax liability. The first step you need to know is [...]

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Short Term And Long Term Capital Gains Tax Rates

The key to understanding short term capital gains versus long tern capital gains is to first comprehend what is defined as the long versus the short term and hence both are taxed differently depending on what type your investment is considered to be. By legal definition the short term refers to any assets that have [...]

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