capital gains


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capital gains

see CAPITAL GAINS TAX.
References in periodicals archive ?
Taxpayers must consult the instructions for Form 1116 to determine whether they are required to make adjustments to their foreign capital gains and losses and, if so, whether they must use the instructions for Form 1116 or those in Publication 514 to make the adjustments.
The taxpayer (married or single) is highly paid, with a marginal capital gains tax rate of 20% in 2013.
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.
In 2003 Trantina filed an amended return for 1999 again reclassifying the termination payments as capital gains from the sale of his agency.
New York property owners tan defer the tax on capital gains when they transfer a property by essentially "trading" that property for another property of equal or greater value.
Rebalancing your portfolio before the end of the year is even more critical this year because the capital gains and dividend rates have been reduced to 15% for the four highest tax brackets and to 5% for the two lowest tax brackets.
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?
Last year, amendments got rid of the three-tier system for capital gains that divided gains into those that were incurred in less than a year, those that were cashed out between 12 to 18 months of initial investment and those that were more than 18 months old.
While discussions of consumer spending often continue to emphasize current income from labor and capital as the prime sources of funds, during the 1990s, capital gains, which reflect the valuation of expected future incomes, have taken on a more prominent role in driving our economy.
families own an asset that could potentially be affected by a reduction in the capital gains tax.
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: