What LONG-TERM CAPITAL GAINS AND LOSSES means: Gains and losses on the sale or exchange of capital assets that have been held for more than 12 months. A net long-term capital gain is the excess of long-term gains over long-term losses, or vice versa for a net long-term capital loss.
- Definition Listed Property:
- Dictionary includes passenger autos and other property used for transportation, property generally used for purposes of entertainment, recreation, or amusement, computers not used exclusively at a regular long-term capital gains and losses definition.
- Definition Liquidation Distributions:
- Dictionary received because of a partial or complete liquidation (going out of business) of a corporation. The basis of the stock on which liquidation distributions are paid is reduced by the amount of the long-term capital gains and losses explain.
- Definition Land Value:
- Dictionary land in a sale of real property that includes both land and improvements to the land, suhc as a building. Such a sale must be reported as two sales on the tax return: (1) land, and (2) improvements long-term capital gains and losses what is.
- Definition Like-Kind Exchange:
- Dictionary property held for productive use in a trade or business or for investment (except inventory and stocks and bonds) for property of the same type. Unless different property is received (called boot long-term capital gains and losses meaning.
How works Long-Term Capital Gains and meaning in Tax definitions L .
