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Re: StrikeWilliams post# 277947

Monday, 04/25/2016 12:09:56 AM

Monday, April 25, 2016 12:09:56 AM

Post# of 347761
Unless you Sell, there is no Capital Loss or Gain of any kind.

What's a Capital Gain?

A capital gain is what the tax law calls the profit when you sell a capital asset, which is property such as stocks, bonds, mutual fund shares or property. The profit is your gain over the basis paid. The basis is typically defined as the original price plus any related transportation costs.

What Is the Holding Period?

That's the period you hold the property before you sell it. When figuring the holding period, the day you buy property does not count, but the day you sell it does. So, if you bought a stock on April 16, 2013 your holding period began on April 17. Thus, April 16, 2014, would mark the end of the first year. If you sold on that day, you would have a short-term gain or loss. A sale on April 17 would produce long-term results, though, since you would have held the asset for more than one year.
Read more at http://www.kiplinger.com/article/investing/T056-C000-S001-understanding-capital-gains-and-losses.html#C3P0o5X3rce7VehK.99

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