7 Ways To Wealth Capital Gains Definition
7 Ways To Wealth
Where we break down the 7 income streams of rich people and how you can do the same.
Capital Gains What is the definition of capital gains.
Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price.
The gain is not realized until the asset is sold.
A capital gain may be short-term (one year or less) or long-term (more than one year) and must be claimed on income taxes.
So basically if you bought some real estate for $50,000 and sold it for $25,000 more then what you bought it for then you have capital gains.
Let’s say you bought $100 worth of stock and then the value of that stock doubled.
Then you sell that stock you have now capital gains.
If you take that money and reinvest in something you won’t get taxed but if you pocketed it then you will get taxed.
I mention stocks because I feel like it’s the easiest way to acquire capital gains without a super large investment.
I personally use Stash app for my stock market investments.
Check the link below. Thanks for watching its yah boy DeVaughn signing off for what Are capital gains and how do you get some. Do remember Wealthbuilderz Make more Save more Build More.
