Question

What is the difference between a capital gains tax and a property tax?

O
A. One is paid annually; the other is paid every 10 years.
O
B. One is used to provide for services; the other is used to provide for
goods.
O
C. One is paid to employers; the other is paid to the federal
government.
O
D. One is assessed on the profit made from selling an asset; the
other is assessed on the value of real estate.

Answer 1

Let me do a little more research and I’ll come back with your answer:)

Step-by-step explanation:

If it is held for more than one year, then it qualifies as a long-term capital gain or loss. Long-term capital gains are usually taxed at a lower rate. Any capital gain you make on a short-term property is taxed at your regular income tax rate.