If you made a profit on the sale of a home or stock, you might have to pay a tax.

Question

Quizplus · Accepted Answer

The tax on profits made from the sale of a home or stock is known as capital gains tax. Therefore, option B is the correct choice. Option A (property tax) refers to a tax on the value of real estate and is not directly related to the sale of a property. Option C (windfall or marriage penalty) and option D (excise) are not relevant to this scenario.

If You Made a Profit on the Sale of a Home