What Are Capital Gains?
Chip Stapleton explains that capital gains occur when an asset is sold for more than its purchase price, with the profit subject to taxation at capital gains rates.
Video Transcript
Capital gains and capital gains tax is a result of selling an asset for more than you bought it for. You bought a stock for a thousand dollars. You sell it a year, two liters later for fifteen hundred. There's a five hundred dollar gain, which is gonna be reported to the IRS and taxed or what are called capital gains rates.
