An important part of this calculus is the capital gains tax – a government levy on profits reaped from investments. It applies to everything from your stock portfolio to your jewelry drawer. Here's ...

Depending on how your gains are classified, and your total taxable income for the year, your capital gains tax rate can vary. This percentage could be as low as 0% or as high as your ordinary tax ...

If the clock is ticking on your non-compliance, you might want to get things in order now to avoid what could be a very high tax rate on your short-term rental earnings for 2024 and later years.

In particular, that means analyzing how much capital-gains tax will be due on an asset when it is transferred to an individual or corporation in the short term or leaving it in an estate.

Long-term capital gains vs. short-term A short-term capital gains tax is levied on the profits of investments that were sold after being held for a year or less. They are taxed at the same rate as ...