How Capital Gains Are Taxed and How That Might Change: QuickTake

Capital gains taxes are the price of making a good investment. They’re levied on profitable stock trades and real estate deals and can also apply to sales of businesses, pieces of art, collectible cars, gold or other assets. President Joe Biden has long vied to increase the capital gains rate, a goal that’s not likely to be realized before the November elections but will be a key topic of debate next year when former President Donald Trump’s tax cuts expire and Congress faces a major fight that could result in numerous tax changes.

1. How are capital gains taxed? ...