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TAXABLE YEAR SCHEDULE California Capital Gain or Loss  Form

TAXABLE YEAR SCHEDULE California Capital Gain or Loss Form

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welcome back to another video for harbor for nan Chi online com today I'm going to be going over capital gains tax rates and laws and how do you report them on your tax return and showing you what the IRS requires and what you can deduct to get get a bigger refund when selling any assets so I'm gonna get the video started here now basically everything that you own and have in your home that you own is considered a capital asset but you don't have to report it all to the IRS when you sell sell those items but some of the items that you do have to report would be household furnishings stocks bonds coins stamp collections any gold silver precious metals business property and a few other items which I'll go more into detail with now you can see the first item that I have here's your home when you do sell your house or any vacation homes and rental homes you you do have to report those to the IRS but there's there's some specific rules

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