A capital gain or loss is the difference between the basis and the amount of money a tax payer gets when they sell an asset. The tax rate on a capital gain depends on the taxpayer’s income. The capital gain tax rate varies from 0% to 28%. All capital gains must be included in the taxpayer’s income when they file their income taxes. If a taxpayer’s income is above a certain level, they may be subject to the 3.8% Net Investment Tax. If a taxpayer is subject to the Net Investment Tax, they must file Form 8960 with their tax return. Taxpayers can
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