Renouncing US citizenship to lower taxes and accelerate FI

The parent mentioned Capital Gains. For anyone unfamiliar with this term, here is the definition:(In beta, be kind)


A capital gain is a profit that results from a sale of a capital asset, such as stock, bond or real estate, where the sale price exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price. Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price. Capital gains may refer to "investment income" that arises in relation to real assets, such as property; financial assets, such as shares/stocks or bonds; and intangible assets. [View More]


See also: Exit | Unrealized | Subsequent | Capital Loss | Capital Asset | Proceeds | Real Asset | Sale Price

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