Capital gains tax liabilities usually

Question

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Capital gains tax liabilities are recognized only upon the sale of a capital asset, meaning that the gains are realized only when the asset is sold. They do not have any taxation on actual inflation, which is considered an unrealized gain. Capital gains taxes are typically the responsibility of the individual who sold the asset and must be reported on their tax return. The estate of the deceased person may have to pay estate taxes, but not capital gains taxes on assets that they owned at the time of their death.

Capital Gains Tax Liabilities Usually