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Capital gain

Whenever you buy something at a specific price and sell it at a higher price, that’s a capital gain. Capital, in this case, is any financial asset, like a house or a business.

Example: If you buy a house for $200,000 and sell it for $300,000, you’d have a capital gain of $100,000 (which, unfortunately, you have to report on your taxes as a capital asset).

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