Capital Gain

    An increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short term (one year or less) or long term (more than one year) and must be claimed on income taxes. A capital loss is incurred when there is a decrease in the capital asset value compared to an asset’s purchase price. Long-term capital gains are usually taxed at a lower rate than regular income. This is done to encourage entrepreneurship and investment in the economy.


    The home buying process is very overwhelming and confusing with all of the paperwork that is constantly needing to be approved and signed. Glinda, with Amanda Howard Real Estate, made this process as simple as she could and the e-signing helped a lot! As a first time home buyer, I’m very pleased with my experience.
    Samantha N.


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