IRS.com is a privately owned website that is not affiliated with any government agencies.

Capital Gains Tax

Capital Gains Tax on Home Sales

If you sold or are thinking of selling your home in the near future and you owned and lived in it for a minimum of…


The 0% Capital Gains Tax

The Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003 lowered the maximum capital gains tax rate from 10% to 5% for people in…


State and Local Taxes on Capital Gains

The expiration of the Bush capital gains tax cuts in 2010 has a lot of investors preparing to unload real estate investment property to minimize…


Capital Gains Tax Rates

When determining capital gains tax rates, there are several details that need to be considered. If you are unsure of how to make this determination…


The cost basis for capital gains and losses

When an asset is sold, its cost basis is used instead of the actual purchase price to determine the accurate capital gain or loss for…


Understanding Capital Gains and Losses

Do you know anything about capital gains and losses? If not, you should learn about them as soon as possible because they can have an…


7 Facts About Capital Gains Tax

The more you know about capital gains tax the better off you will be. Unfortunately, there is a lot of misinformation circulating that can confuse…


Capital gains tax basics

If you are interested in selling an investment or real estate asset that has appreciated in value, it is important to understand capital gains tax…