Description
This is an informational report for American financial reporting foridentification of capital gains and losses.
Capital gains are displayed in the "capital gain" column. Capital gainsare revenue that exceed the acquisition and production costs of theasset. Gains up to the amount of the acquisition costs are displayed inthe "ordinary gain" column.
Capital losses are displayed in the "capital loss" column. Capitallosses are the negative difference between the revenue and the bookvalue of the asset.
Only one of the above scenarios can apply to any given asset.