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Community: Investing Wiki

Term Of The Hour

long-term stock gains: Original post by Deborah Barlowe of Demand Media The Internal Revenue Service (IRS) considers almost everything a person owns to be a capital asset, including stocks. When a taxpayer sells a capital asset, the IRS requires him to report any money he makes from the sale on his federal tax return. Whether the IRS taxes a gain that results from the sale of a stock as short-term or long-term depends…

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