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    Capital Gains and Income Tax question

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    Write 10 sentences on the following subject I am unclear about:

    Capital gains are usually considered to have preferential tax treatment. Are all capital gains treated preferentially? What about capital losses? Is there a tax advantage for the seller who carries the mortgage on the property and treats the transaction as an installment sale? Are capital gains tax rates an advantage only for the wealthy?

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    https://brainmass.com/business/accounting/capital-gains-income-tax-question-623463

    Solution Preview

    http://www.investopedia.com/ask/answers/12/how-are-capital-gains-dividends-taxed-differently.asp
    http://www.nolo.com/legal-encyclopedia/tax-benefits-selling-your-house-installment-plan.html
    Capital gains are usually considered to have preferential tax treatment. Are all capital gains treated preferentially? What about capital losses? Is there a tax advantage for the seller who carries the mortgage on the property and treats the transaction as an installment sale? Are capital gains tax rates an advantage only for the wealthy?

    Qualified dividends and lont-term capital gains "used" to benefit from lower tax rates prior to 2013, but with the passage of legislation in 2013, the previous advantage for those with qualified dividends and long-term capital gains ended. The previous rates were predicated upon individuals whose income was in the ...

    Solution Summary

    Capital Gains and Income Tax question are examined.

    $2.19

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