If you hold an investment for over a year, you might pay less tax when you sell it.

Capital Gains Tax Fact 101: Profit from a Sale? The IRS Wants a Cut

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📊 How Capital Gains Tax Works

Capital gains are profits from selling an asset at a higher price than you paid. The tax rate depends on how long you held it:
✔️ Short-term gains (held 1 year or less) are taxed at your regular income tax rate.
✔️ Long-term gains (held more than 1 year) get a lower tax rate — typically 0%, 15%, or 20%, depending on your income.

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⚠️ Capital Gains Tax Pitfalls

Many people forget:
❌ Selling a second home or rental property? You may owe gains tax.
❌ Selling crypto or NFTs? Same rules apply — it’s taxable.
❌ Big capital gains can push you into a higher tax bracket, causing a bigger surprise tax bill.
❌ Forgetting to include selling expenses or cost basis adjustments can make you pay too much.

👉 Want to reduce your capital gains tax? Book your free gains checkup here!

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✅ Can You Reduce Capital Gains Taxes?

Yes! Strategies include:
✔️ Holding investments longer for lower long-term rates
✔️ Using capital losses to offset gains (called “tax loss harvesting”)
✔️ Keeping accurate records of improvements if you sold real estate
✔️ Timing sales to stay in a lower tax bracket

✅ Ask us how to keep more of your profit here!

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🧾 Did You Miss Gains in a Prior Year?

Forgetting to report gains can lead to IRS letters, penalties, and interest. But you may be able to fix it with an amendment.

✅ We can help you fix old returns — book your amendment check here!

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🔒 We Make Capital Gains Taxes Simple

At Acceptance Tax & Accounting, we help you:
✔️ Report your gains correctly
✔️ Offset gains with losses to save money
✔️ Plan ahead to reduce taxes on future sales
✔️ Fix prior-year mistakes if needed

📞 Click here to book your Capital Gains Tax Review today!

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Don’t let taxes take a bite out of your profit — file smart and keep more of what you earned!