Capital Gains Transaction Worksheet. The capital gains tax module includes a calculator for capital gains and capital losses and can be Total current year capital gains. This worksheet calculates the allowable capital gains reserve, where a portion of the proceeds from an asset disposition are not receivable until after the tax year.
You may owe capital gains taxes if you sold stocks, real estate or other investments.
Capital gains are subject to tax at a lower effective rate than income gains.
See how the gains you make when selling stocks will be impacted by capital gains taxes in your location. Net short-term capital gains are taxed at ordinary rates; net long-term capital gains are taxed at a preferential rate. Capital Gains Reserve Worksheet - Free download as PDF File (.pdf), Text File (.txt) or read online for free.