A capital gain results from the sale of an asset at a profit. Conversely, a capital loss arises when an asset is sold at a loss. The gain and/or loss are determined when the selling price is subtracted from the purchase price.
A capital gain results from the sale of an asset at a profit. Conversely, a capital loss arises when an asset is sold at a loss. The gain and/or loss are determined when the selling price is subtracted from the purchase price.