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  2. Net capital gains from the sale of collectibles like coins or art Any unrecaptured gain from the sale of Section 1250 real property is taxed at a maximum 25% rate.

  3. Capital Gains Tax: Definition, Rates & Calculation - AOL

    www.aol.com/finance/capital-gains-tax-definition...

    Capital gains - the money made from selling investments at a profit - may be taxed differently from ordinary income. ... In fact, all collectibles, like art, jewelry, baseball cards and more, are ...

  4. Capital Gains Tax Rates for 2023-2024 - AOL

    www.aol.com/finance/capital-gains-tax-rates-2023...

    If you buy a collectible car for $10,000 in March and sell it for $15,000 in September, you have a capital gain of $5,000. Because you owned the car for only six months, it is a short-term capital ...

  5. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    Beginning in 1942, taxpayers could exclude 50% of capital gains on assets held at least six months or elect a 25% alternative tax rate if their ordinary tax rate exceeded 50%. [11] From 1954 to 1967, the maximum capital gains tax rate was 25%. [12] Capital gains tax rates were significantly increased in the 1969 and 1976 Tax Reform Acts. [11]

  6. What is the long-term capital gains tax? - AOL

    www.aol.com/finance/long-term-capital-gains-tax...

    Short-term capital gains tax is a tax applied to profits from selling an asset you’ve held for less than a year. Short-term capital gains taxes are paid at the same rate as you’d pay on your ...

  7. Capital gains tax - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax

    A Capital Gains tax was first introduced in Canada by Pierre Trudeau and his finance minister Edgar Benson in the 1971 Canadian federal budget. [19] Some exceptions apply, such as selling one's primary residence which may be exempt from taxation. [20] Capital gains made by investments in a Tax-Free Savings Account (TFSA) are not taxed.

  8. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    In highly appreciating markets, people may take the opportunity of selling their personal residence (where no capital gain is due below $250,000 for a single person or $500,000 for a married couple—see Taxpayer Relief Act of 1997) and moving into a former rental property for a specified time period in order to turn it into their new personal ...

  9. What Are the Capital Gains Tax Rates? How Can I Avoid ... - AOL

    www.aol.com/avoid-capital-gains-tax-152221628.html

    For instance, if you have one investment that is down by $3,000 and another up by $5,000, selling both will help you reduce your gains. You would only be subject to capital gains taxes on the ...