If you hold an asset for one year or less, any profit is considered a short-term capital gain and is taxed at your ordinary income tax rate. If you hold it for longer than a year, it qualifies as a long-term capital gain, which typically has lower tax rates (0%, 15%, or 20%).

The cost basis is generally the original purchase price of the asset. You can increase your cost basis by adding transaction fees, commissions, and improvements (in the case of real estate), which reduces your taxable gain.

Yes! This is known as tax-loss harvesting. You can use capital losses to cancel out capital gains. If your total losses exceed your total gains, you can even use up to $3,000 of the excess loss to offset your ordinary income.

Usually not. There is a Section 121 exclusion that allows individuals to exclude up to $250,000 (or $500,000 for married couples) of gain from the sale of their primary residence, provided they lived in and owned the home for at least two of the last five years.

Absolutely! Whether you're dealing with crypto, real estate flips, or stock options, our team provides comprehensive tax advisory to ensure you structure your transactions to pay the legal minimum in taxes while remaining 100% compliant.