Capital Gains Worksheet Property. You need to feed your property sale & purchase date along with values. This worksheet helps you calculate a capital gain or capital loss for each capital gains tax (CGT) asset or any other CGT event.
Your home's original sales price when you bought it (not what you brought to closing).
You hear the phrase capital gains a lot when people talk about selling a home, or selling stocks, or other investments - so what is it?
Realized capital gains and losses occur when an asset is sold, which triggers a taxable event. State, local, and foreign property taxes, and sales taxes which are deductible on Schedule C, Schedule E. Capital gain is the difference between what you paid for an asset (less any fees incurred during the purchase) and what you sold it for (likewise less any fees Capital gains tax (CGT) is the levy you pay on the capital gain made from the sale of that asset.