Taxing Matters
Overtaxed Member
Capital gains/losses are what you get from sale of any property whether that property is real property (real estate) or personal property (which is any property other than real property) with two important exceptions. The first is that inventory is not treated as capital gain income. The second is that the sale of some intangible property rights (e.g. patents, copyrights, trademarks, etc) are treated as royalty income rather than capital gains.I had not understood capital gains clearly at all until then (before I thought it was just for stocks and people who kept up with Wall Street, but didn't know capital gains applied to pretty much every personal belonging).