Discussion:Tax Exempt Capital Gains

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Discussion Forum Index --> Tax Questions --> Tax Exempt Capital Gains

Bshahvar (talk|edits) said:

8 March 2006
I have a client who has over 100K in capital gains and is telling me they are supposed to be exempt from tax- how do I report that?

HPTAX (talk|edits) said:

8 March 2006
What type of property?

JR1 (talk|edits) said:

8 March 2006
Asked and answered, I think, in another thread. Why does he think they're tax exempt? If it's just because they're from tax exempt mutual funds or something, that doesn't apply to the gain on sale. Tho' that's a heck of a lot of gain...

JK (talk|edits) said:

9 March 2006
Agreed. Gains on tax exempt mutual funds or bonds are not tax free.

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