Nadine bought 100 shares of pie stock for 15$ on March 1.2030. On august 21,2021 she noticed stock has increased in value to 25$ a share. She decided to sell all her shares. Nadine’s only othe income for the year 68000 from wages. She will use the single filing status. Nadine’s revenue from the sale of stock will increase her taxable income by

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.