Understanding Capital Gains Tax

Understanding the Capital Gains Tax from Wilcox Attorneys, PA

When you sell a piece of real estate or stocks and bonds, you should expect the IRS to want its share of those profits. The profit you make is known as your “capital gains.” The tax the IRS will impose can be substantial. However, if you are familiar with how capital gains work and ways to lower the potential capital gains tax, you may be able to save some of your investment.