Selling an asset that has appreciated considerably can be a bittersweet event. Usually much time is devoted to purchasing the asset at a low price and making a profit by selling it for a higher amount. However, how much of that profit is kept by the asset seller can be affected by capital gain's tax treatment.
Any profit realized by an American Citizen from the sale of an asset is usually taxable as a capital gain. This type of tax is often associated with the sale of real estate, stocks, life insurance policies in
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