Last reviewed 08-20-2026Short-Sale.com Editorialglossary
CAPITAL GAIN
California Department of Real Estate
Updated 08-20-2026
CAPITAL GAIN
At resale of a capital item, the amount by which the net sale proceeds exceed the adjusted cost basis (book value). Used for income tax computations. Gains are called short or long term based upon length of holding period after acquisition. Usually taxed at lower rates than ordinary income.
California Department of Real Estate Glossary
California Department of Real Estate · p. 6
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