capital gain


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Related to capital gain: Capital gain tax

capital gain

n.
The amount by which proceeds from the sale of a capital asset exceed the original cost.

capital gain

n
(Accounting & Book-keeping) the amount by which the selling price of a financial asset exceeds its cost

cap′ital gain′


n.
profit from the sale of assets, as bonds or real estate.
[1920–25]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.capital gain - the amount by which the selling price of an asset exceeds the purchase price; the gain is realized when the asset is sold
financial gain - the amount of monetary gain
References in periodicals archive ?
So, for example, a taxpayer might have a passive income 20% capital gain, in which case the income category is passive and the rate group is 20%.
Most tax professionals are familiar with the complex nature of the federal taxation of capital gains from the sale of common stock, but there are also tax savings opportunities for shareholders of qualified small business stock: the Internal Revenue Code (IRC) section 1045 capital gain rollover provision and the IRC section 1202 provision for the exclusion of capital gain.
Typically, highly appreciated assets are good candidates for a CRT because the trustee can sell the assets and, as a tax-exempt entity, the trust will not be liable for capital gain taxes, so there are more funds available for investment.
Taxpayers must own an identifiable asset that was disposed of in a sale or exchange if they want to report a capital gain.
However, if all members of a partnership agree to trade a property, and receive a property of equal value or greater value, the partnership itself tan defer the recognition of the capital gain.
When the Gordons filled out both 2002 returns, their income under the AMT was $27,000 higher than their regular income tax after they added back state and local taxes and a $10,000 capital gain.
May the taxpayer claim a long-term capital gain on the sale of the property even though it always intended to sell the second site?
NEW YORK -- At a meeting of the Board of Directors of Tri-Continental Corporation (NYSE: TY) on Tuesday, February 20, 2007, the Board declared a long-term capital gain distribution of $0.
If the parents plan to postpone a sale until 2008 when the child's capital gain rate could be zero, they have to make sure that he or she reaches 18 by then; otherwise, the gain will still be taxed at the parents' (presumably higher) rate (see CCH, Tax Increase Prevention and Reconciliation Act of 2005: Law and Explanation, [paragraph] 210).
Adjusted net capital gain is the net capital gain for the tax year (the excess of net long-term capital gains over net short-term capital losses) less:
Three IRS letter rulings offer joint inventors reassurance they will not lose IRC section 1235's benefits (allowing long-term capital gain treatment on a subsequent transfer, rather than ordinary income treatment) if they transfer their patent rights to a limited liability company (LLC).
It's for those homeowners who want to cash out of their property and enjoy a major capital gain.