If you receive a capital gain of $2,000 from selling a stock but also incur a capital loss of $1,500 from selling another stock,the total amount of tax you pay based on a 15% capital gain tax rate is:

Question

Quizplus · Accepted Answer

The net capital gain is calculated by subtracting the capital loss ($1,500) from the capital gain ($2,000), resulting in a net gain of $500. The tax on this net gain at a 15% rate is $75 ($500 * 0.15).

If You Receive a Capital Gain of $2,000 from Selling