How Form 4797 Transaction 2022-2023

Asahara in this session we would look at capital gains and capital losses and how do we tax capital gains and capital losses now bear in mind you will need to review tax talk even if you are using the capital at the 38th edition or the 39th edition if you're using the southwest and federal taxation 2023 or 2023 regardless you need to read the book so the capital and capital gains and losses are covered in chapter 14 so here's the book in front of you now so you know definition of capital asset and this is what gonna be covering but my lecture does not substitute breathing the water so the first thing I want we want to discuss is taxation of capital gain and capital assets so that why do we drink capital gains and capital losses different from other types of games okay they must be septic they must be separated from other types of games and losses for two reasons what are those two reasons for one thing long-term capital gains may be taxed at a lower rate than ordinary games so we have ordinary venue's the tax rate might be higher than long-term capital gains because with we can save on our taxes on capital gains long-term capital gains versus ordinary games we need to know what constitutes long-term capital things how do we define that something is long-term capital gain well long term capital gain if we hold the asset greater than one year and we'll look at it to do that more in details how to how did they find out to eventually also this is for the long term for the net capital loss if it's a net capital loss and if we are an individual so we are an...