Definitions for "Capital Gain or Loss"
Profit or loss from the sale of a capital asset. A capital gain, under current federal income tax laws, may be either short-term (12 months or less) or long-term (more than 12 months). A short-term capital gain is taxed at the reporting individual's full income tax rate. A long-term capital gain is subject to a lower tax.
A surplus or deficit resulting from the disposal of an asset which had not been acquired for resale.
The gain or loss incurred from the sale or disposition of a capital asset.
Keywords:  improvement
Capital Improvement