What Are Capital Gains and Assets?

It's no surprise that capital gain taxes continues to baffle so many individuals, families and businesses.  There is a wide spectrum of assets included under the umbrella of capital gains, including many used for investment and income-generating purposes.  This area also covers gains made when selling these assets, which need to be filed in order to avoid long-term losses.  The business tax experts at Flower City Tax in Rochester can answer any questions you may have on how capital gain taxes affect you.