The 2015 tax filing season is in full swing! The IRS recently issued 10 tax facts regarding Capital Gains and Losses. Specific topics addressed include:
- Capital Assets
- Gains and Losses
- Net Investment Tax
- Deductible Losses
- Long and Short Term
- Net Capital Gain
- Tax Rate
- Limit on Losses
- Carryover Losses
- Forms to File
To learn more, check out the IRS publication here.
Kelly A. O’Leary, CPA, CGMA, MBA, CITP, CIA, CFE
Vice President, Finance and Administration
Photo Credit: 123RF Stock Photo