http://www.etax.com <br />Personal or investment property that you own is typically considered a “capital asset”. Examples range from material items like a house or car, to investment items like stocks and bonds. A capital gain or loss occurs when a “capital asset” is sold. <br />Capital gain or loss depends on the amount you receive for the asset versus what you paid for it originally. <br />Any capital gains must be factored into your annual income. <br />Capital loss is deductible as the result of investment property sale, however, not from personal property.
