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February 14, 2021

Capital gains or capital losses are the result of selling a capital asset.  

 

The following TurboTax articles will give you a good definition of all of these terms:

 

What is a capital asset?

 

What is a capital gain or loss?

 

Capital gains and losses are reported on Schedule D on your tax return and are often reported on Form 1099-B.  This is especially true if the capital asset that was sold is a stock held through a brokerage account.  

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