Josey Jocelin

Turbotax 2024 Cost For Capital Gains. Read on to learn more about how to avoid capital gains tax on property and stocks. It starts with the selling price of your capital asset minus its cost basis (what you originally paid for it).

If the number is positive (in other words, you made money on the sale), that’s your capital gain. Learn how to figure your gain, factoring in your cost basis, home improvements and more.