Capital gains tax applies to the profit from selling assets like stocks, real estate, or other investments. The tax rate depends on whether the gain is short-term (held for one year or less, taxed at ordinary income rates) or long-term (held for more than one year, taxed at preferential rates of 0%, 15%, or 20% […]
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Below is a curated list of the 50 most common questions asked online about accounting, bookkeeping, and finance, with detailed answers provided by a professional accountant, CPA, or CFO. These questions cover foundational concepts, practical applications, and advanced topics relevant to small business owners, students, and professionals. 1. What is the difference between accounting and
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