Capital Gains Worksheet Part 3 Line 1. Online Capital Gains and Losses, complete, calculate, print or save for later use. This worksheet is for the use of individuals (including individual partners in partnership) Current year capital gains from CGT assets and CGT events or a distribution from a trust that includes a capital gain (other than.
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Capital gains are the profits from the sale of an asset — shares of stock, a piece of land, a business — and generally are considered taxable income. While capital gains are generally associated with stocks and funds due to their inherent price volatility, a capital gain can occur on any security that is sold for a price higher than the purchase. It is considered to be realized when you sell the asset.
