Capital Gains Tax 2024 Real Estate. When taxpayers sell their capital assets, like real property or their shares in a company, net earnings on those sales (capital gains) are generally subject to tax , and. Capital gains tax is a levy imposed by the irs on the profits made from selling an investment or asset, including real estate.
Capital gains tax is the income tax you pay on gains from selling capital assets—including real estate. The amount of the tax depends on your income, your tax filing status and the length of time that you owned the asset.
