Capital gain or (loss). Attach Schedule D if required. If not required, check here
For some reason, everyone stresses this phrases as “capital GAINS” — really, it is a “CAPITAL gain,” a gain of pure money. When you sell a stock, bond, asset, piece of real estate, etc. for a higher price than you paid, it is a capital gain. These must be reported to the IRS, using Schedule D.
You can also have a capital loss, where you pay more than the price that you sell at.
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