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Is a capital gain earned income?

Lucas Lee | 2023-06-13 09:00:29 | page views:1563
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Julian Walker

Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
Answer: E. Schmitty - For federal income tax purposes the types of income you mention are not considered earned income. Short term capital gains are taxed as ordinary income at regular tax rates. ... They are paid out of earnings and profits and are ordinary income to you. This means they are not capital gains.Jan 19, 2011
2023-06-15 09:00:29

Lucas Garcia

QuesHub.com delivers expert answers and knowledge to you.
Answer: E. Schmitty - For federal income tax purposes the types of income you mention are not considered earned income. Short term capital gains are taxed as ordinary income at regular tax rates. ... They are paid out of earnings and profits and are ordinary income to you. This means they are not capital gains.Jan 19, 2011
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