Capital Gain or Loss

You are charged capital gains tax when you _____ an asset.

If you have a capital gain, your selling price is __________ your purchase price.

The capital gains tax applies to any money earned from __________.

Which of the following types of income is investment income?

Which type of proceed indicates how much you earn before deducting any commissions or fees?

What is the original purchase price of an investment called?

What is the cost basis of an investment you receive as a gift?

What is the term for the period in which you've owned an asset?

Investments that are sold less than a year after they were bought are known as what?

How long must super-long-term investments must be held after the original purchase?

Which factor is the most important in determining your capital gains tax on a given asset?

Capital gains tax on short-term investments is usually _________ long-term investments.

What is the long-term capital gains rate for collectible items?

In the U.S., which tax form do you use to report capital gains and losses?

Which type of investment will help you save on your capital gains tax bill?

Can you deduct a capital loss from your income to reduce your total taxable income?

What's a legal way to avoid paying high capital gains tax ?