[Answer] Capital Gains

Answer: The difference between a higher selling price and lower purchase price,
resulting in financial gain for seller
Capital Gains
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Asset Type: Multifamily · Tax Deferral · Est. Net Multiple: 2.25x+
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Key Takeaways A capital gain is the increase in a capital asset’s value and is realized when the asset is sold. Capital gains apply to any type of asset including investments and those purchased for personal use. The gain may be short-term (one year or less) or long-term (more than one year) and …
Long-term capital gains tax is a tax on profits from the sale of an asset held for more than a year. The long-term capital gains tax rate is 0% 15% or 20% depending on your taxable income and …
Some or all net capital gain may be taxed at 0% if your taxable income is less than $80 000. A capital gain rate of 15% applies if your taxable income is 80000 or more but less than $441 450 for single; 4…

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