{"id":85,"date":"2014-12-12T14:52:13","date_gmt":"2014-12-12T19:52:13","guid":{"rendered":"http:\/\/blog.etax.com\/?p=85"},"modified":"2014-12-04T14:53:59","modified_gmt":"2014-12-04T19:53:59","slug":"capital-gains-losses","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/","title":{"rendered":"Capital Gains and Losses"},"content":{"rendered":"<p class=\"p1\">Personal or investment property that you own is typically considered a \u201ccapital asset\u201d. Examples range from material items like a house or car, to investment items like stocks and bonds. A capital gain or loss occurs when a \u201ccapital asset\u201d is sold.<\/p>\n<p class=\"p2\"><span class=\"s2\">Whether you can consider the sale a capital gain or loss depends on the amount you receive for the asset versus what you paid for it originally.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Any <a href=\"https:\/\/www.etax.com\/blog\/2025\/07\/15\/how-to-pay-0-capital-gains-tax-in-2025-and-make-over-100k-doing-it\/\">capital gains<\/a> must be factored into your annual income. Since 2013, those with net investment income above the statutory threshold are subject to a 3.8% tax through the Net Investment Income Tax. The NIIT applies to individuals, estates and trusts.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Capital loss is deductible as the result of investment property sale, however, not from personal property.<\/span><!--more--><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>Long-Term vs. Short-Term<\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s2\"> Whether a capital gain or loss is considered long-term or short-term depends on the length of time you owned the property. Property owned for longer than a year falls under the long-term definition, whereas that which you had for less than a year is considered short-term.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">An individual who accrues more long-term gains than losses is consider to have a net long-term capital gain. A \u201cnet capital gain\u201d occurs when net long-term gains are greater than short-term loss.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>Tax Rates<\/b><\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Tax rates on net capital gains will vary depending on income. The maximum net capital gain tax increased to 20% in 2014 (previously at 15%), many taxpayers still fall under a 0 or 15% rate. Certain types of net capital gains may be subject to a 25%-28% tax rate.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">Deductions of capital losses are possible if they are more than any capital gains. You can claim them as a loss on your tax return, though it is limited to $3,000 a year. If you are married but file separate returns, you are limited to a $1,500 <a href=\"https:\/\/www.etax.com\/blog\/2026\/02\/19\/new-auto-loan-interest-deduction-how-to-save-up-to-10000-on-your-taxes-2025-2028\/\">deduction<\/a> for capital losses.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">If you have more net capital loss than the maximum limit, you can deduct the remained on the following year\u2019s tax return, treating the loss as if it occurred during that year.<\/span><\/p>\n<p class=\"p2\"><span class=\"s2\">In order to report capital gains and losses, you need to file Form 8949, Sales and Other Dispositions of Capital Assets. Additionally, you\u2019ll need to file Schedule D, Capital Gains and Losses with your regular federal tax return.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personal or investment property that you own is typically considered a \u201ccapital asset\u201d. Examples range from material items like a house or car, to investment items like stocks and bonds. A capital gain or loss occurs when a \u201ccapital asset\u201d is sold. Whether you can consider the sale a capital gain or loss depends on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[142,147,148,143,149,146,144,145],"class_list":["post-85","post","type-post","status-publish","format-standard","hentry","category-income","tag-capital-asset","tag-form-8949","tag-gains","tag-long-term","tag-losses","tag-schedule-d","tag-short-term","tag-tax-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Capital Gains and Losses - eTax.com\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Gains and Losses - eTax.com\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"Personal or investment property that you own is typically considered a \u201ccapital asset\u201d. Examples range from material items like a house or car, to investment items like stocks and bonds. A capital gain or loss occurs when a \u201ccapital asset\u201d is sold. Whether you can consider the sale a capital gain or loss depends on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"eTax.com\u00ae Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eTaxcom-135749976483724\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-12T19:52:13+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#\\\/schema\\\/person\\\/ddb9378caffbf2f32f89a84d213b3ef4\"},\"headline\":\"Capital Gains and Losses\",\"datePublished\":\"2014-12-12T19:52:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/\"},\"wordCount\":375,\"publisher\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#organization\"},\"keywords\":[\"capital asset\",\"Form 8949\",\"gains\",\"long-term\",\"losses\",\"Schedule D\",\"short-term\",\"tax rates\"],\"articleSection\":[\"Income\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/\",\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/\",\"name\":\"Capital Gains and Losses - eTax.com\u00ae Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#website\"},\"datePublished\":\"2014-12-12T19:52:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2014\\\/12\\\/12\\\/capital-gains-losses\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Capital Gains and Losses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/\",\"name\":\"eTax.com\u00ae Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#organization\",\"name\":\"eTax.com\",\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/44729_463802350345150_698036533_n.png\",\"contentUrl\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/44729_463802350345150_698036533_n.png\",\"width\":225,\"height\":225,\"caption\":\"eTax.com\"},\"image\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/eTaxcom-135749976483724\\\/\",\"https:\\\/\\\/x.com\\\/AskETAX\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/855ASKETAX\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#\\\/schema\\\/person\\\/ddb9378caffbf2f32f89a84d213b3ef4\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/11f5dc3cde415e2a21a1f661e9da122266d26fe459fff87652a83908cc05aae5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/11f5dc3cde415e2a21a1f661e9da122266d26fe459fff87652a83908cc05aae5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/11f5dc3cde415e2a21a1f661e9da122266d26fe459fff87652a83908cc05aae5?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Capital Gains and Losses - eTax.com\u00ae Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/","og_locale":"en_US","og_type":"article","og_title":"Capital Gains and Losses - eTax.com\u00ae Blog","og_description":"Personal or investment property that you own is typically considered a \u201ccapital asset\u201d. Examples range from material items like a house or car, to investment items like stocks and bonds. A capital gain or loss occurs when a \u201ccapital asset\u201d is sold. Whether you can consider the sale a capital gain or loss depends on [&hellip;]","og_url":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/","og_site_name":"eTax.com\u00ae Blog","article_publisher":"https:\/\/www.facebook.com\/eTaxcom-135749976483724\/","article_published_time":"2014-12-12T19:52:13+00:00","author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/#article","isPartOf":{"@id":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/"},"author":{"name":"admin","@id":"https:\/\/www.etax.com\/blog\/#\/schema\/person\/ddb9378caffbf2f32f89a84d213b3ef4"},"headline":"Capital Gains and Losses","datePublished":"2014-12-12T19:52:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/"},"wordCount":375,"publisher":{"@id":"https:\/\/www.etax.com\/blog\/#organization"},"keywords":["capital asset","Form 8949","gains","long-term","losses","Schedule D","short-term","tax rates"],"articleSection":["Income"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/","url":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/","name":"Capital Gains and Losses - eTax.com\u00ae Blog","isPartOf":{"@id":"https:\/\/www.etax.com\/blog\/#website"},"datePublished":"2014-12-12T19:52:13+00:00","breadcrumb":{"@id":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.etax.com\/blog\/2014\/12\/12\/capital-gains-losses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.etax.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Capital Gains and Losses"}]},{"@type":"WebSite","@id":"https:\/\/www.etax.com\/blog\/#website","url":"https:\/\/www.etax.com\/blog\/","name":"eTax.com\u00ae Blog","description":"","publisher":{"@id":"https:\/\/www.etax.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.etax.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.etax.com\/blog\/#organization","name":"eTax.com","url":"https:\/\/www.etax.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.etax.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.etax.com\/blog\/wp-content\/uploads\/2020\/08\/44729_463802350345150_698036533_n.png","contentUrl":"https:\/\/www.etax.com\/blog\/wp-content\/uploads\/2020\/08\/44729_463802350345150_698036533_n.png","width":225,"height":225,"caption":"eTax.com"},"image":{"@id":"https:\/\/www.etax.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/eTaxcom-135749976483724\/","https:\/\/x.com\/AskETAX","https:\/\/www.youtube.com\/user\/855ASKETAX"]},{"@type":"Person","@id":"https:\/\/www.etax.com\/blog\/#\/schema\/person\/ddb9378caffbf2f32f89a84d213b3ef4","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/11f5dc3cde415e2a21a1f661e9da122266d26fe459fff87652a83908cc05aae5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/11f5dc3cde415e2a21a1f661e9da122266d26fe459fff87652a83908cc05aae5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/11f5dc3cde415e2a21a1f661e9da122266d26fe459fff87652a83908cc05aae5?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.etax.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/posts\/85","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/comments?post=85"}],"version-history":[{"count":1,"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/posts\/85\/revisions"}],"predecessor-version":[{"id":86,"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/posts\/85\/revisions\/86"}],"wp:attachment":[{"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/media?parent=85"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/categories?post=85"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etax.com\/blog\/wp-json\/wp\/v2\/tags?post=85"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}