You can earn profits or incur losses when you sell assets, such as investments, real estate, intangibles and other holdings. Under the federal income tax rules, there's usually a clear distinction between capital gains and losses and ordinary gains and losses. But the line can sometimes become blurry. Here's an overview of the current rules and how they may affect you. #profitslosses #capitalgains #taxes https://lnkd.in/grErjvJn
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