Tag Archives: bonds
Capital assets include basically everything you own for either personal or investment purposes. Some examples of capital assets are homes and household furnishings and stocks or bonds used as investments. Selling a capital asset can either result in a capital gain or a capital loss. It depends on the difference between the basis of the […]
— Read moreEach year you have to pay tax on any investment income you earn. For instance, a savings account earning $2,000 in interest has to be added to any taxable income and you’ll be required to pay tax on it. There are some types of investments that can be partly, or even entirely tax free, meaning […]
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