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2. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.

3. 1231 property - Wikipedia

   en.wikipedia.org/wiki/1231_property

   “Non-recaptured loss” is covered by 1231(c). This provision refers to a situation when a taxpayer claims a 1231 loss in year one, but seeks a 1231 gain in any of subsequent years two through six. Any gain which is less than or equal to the loss in year one will be characterized as ordinary income rather than long-term capital gain (which ...

4. Schedule D: How to report your capital gains (or losses) to ...

   www.aol.com/finance/schedule-d-report-capital...

   Schedule D is an IRS tax form that reports your realized gains and losses from capital assets, that is, investments and other business interests. It includes relevant information such as the total ...

5. Capital gains tax in the United States - Wikipedia

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

   The amount remaining after offsetting is the net gain or net loss used in the calculation of taxable gains. For individuals, a net loss can be claimed as a tax deduction against ordinary income, up to $3,000 per year ($1,500 in the case of a married individual filing separately). Any remaining net loss can be carried over and applied against ...

6. Writing Off Losses on Sale of Investment Property - AOL

   www.aol.com/finance/writing-off-losses-sale...

   Before selling rental properties or other investment real estate at … Continue reading → The post Writing Off Losses on Sale of Investment Property appeared first on SmartAsset Blog ...

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

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

   Capital gains taxes are a type of tax on the profits earned from the sale of assets such as stocks, real estate, businesses and other types of investments in non tax-advantaged accounts.

8. Gain (accounting) - Wikipedia

   en.wikipedia.org/wiki/Gain_(accounting)

   The gain is unrealized until the asset is sold for cash, at which point it becomes a realized gain. This is an important distinction for tax purposes, as only realized gains are subject to tax. Gains are the result of circumstances, events, or transactions which affect the entity independent of revenue or owner investments.

9. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/heads-freelancer-small-business...

   “If (the 1099-K) is not business income, or it is for personal transfers of money between family and friends, or it is for the sale of personal items at a loss, it still has to be reported ...