Which section does capital gains tax fall under?
By Marc Sevitz · Updated
During the past tax year, my husband and I (married out of community of property) bought a property together to rent out. We fixed it, but subsequently sold it for various reasons. Which section does this capital gains tax fall under? It's not under interest/investments and the questions under "business" confuse me... Thanks,
It would fall under the Capital Gains Tax section of the return and questions.