Capital Gains & Losses
- Capital Assets
- Investment Property
- Capital Losses versus Ordinary Losses
- Section 1244 Stock
- Personal Use Property
- Noncapital Assets
- Selling Business Property
- Section 1231 Gains and Losses
- Figuring Basis
- Amount Realized
- Holding Period
- Computing Capital Gains and Losses (the netting process)
- Schedule D and Form 8949
- Form 1099-B
- Capital Gains Rate Table
More Tax Topics
- Business Structures
- Start-up Costs
- Depreciation
- Car Expenses
- Home Office Deduction
- Travel Expenses
- Hiring Workers
- Meals and Entertainment
- Retirement
- Top Tax Myths
- Per Diem Rates - IRS Publication 1542 Oct 2011 for Travel Within the Continental U.S (for employers who pay a per diem allowance to employees)
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Capital Gains and Loss: Capital Assets
What are Capital Assets?
Tax law classifies property according to its nature and use.
Most everything you own for personal, pleasure and investment use is considered a capital asset.
Examples of Capital Assets:
- Investment Property:
- Art (collectible)
- Bonds
- Coins
- Gems
- Gold
- Land
- Silver
- Stamps
- Stocks
- Personal use property:
- Art (decorative)
- Your boat
- Your car
- Your coin or stamp collection
- Household furnishings
- Jewelry
- Your personal residence
Related Links
- Capital Losses and Ordinary Losses Explained
- Nine Rules for Capital Losses.
- What is Section 1244 Stock?
- Special Tax Treatment for Personal Use Property
- Property Not Classified as a Capital Asset
- Inventory, Accounts Receivable, and Notes Receivable
- Depreciable Business Property
- Form 4797, Sale of Business Property
Copyright © 2008-2012 Larry Villano. All rights reserved.