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Capital Gains Tax Casper WY

Local resource for information on the capital gains tax in Casper. Includes detailed information on local businesses that provide access to information on capital asset value, capital gain tax counseling, and capital gain tax rates, as well as advice and content on short-term capital gains and long-term capital gains.

Drake D. Hill
(307) 234-1000
159 North Wolcott Street, Suite 200
Casper, WY
Specialties
Oil & Gas, Environmental, Tax, Employment, Litigation
Education
University of Wyoming College of Law
State Licensing
Wyoming

Walter F. Eggers III
(307) 778-4200
2515 Warren Avenue, Suite 450, P.O. Box 1347
Cheyenne, WY
Specialties
Environmental, Oil & Gas, Tax, Energy
Education
University of Wyoming College of Law,American University
State Licensing
Wyoming

Matthew Jason Majors
(307) 733-5890
P.O. Box 1226, 575 South Willow St
Jackson, WY
Specialties
Estate Planning, Business, Tax, Real Estate
Education
University of Florida, Fredric G. Levin College of Law,University of Wyoming College of Law,Troy Uni
State Licensing
Colorado, Wyoming

Kathryn Elizabeth Kisska-Schulze
(307) 635-0710
2120 Carey Avenue, Suite 300, P.O. Box 87
Cheyenne, WY
Specialties
Tax, Administrative Law, Business, Probate, Trusts
Education
University of Florida, Fredric G. Levin College of Law,University of Wyoming College of Law,Radford
State Licensing
Wyoming

Scott W. Meier
(307) 634-7723
2515 Warren Avenue, Suite 500, P.O. Box 1208
Cheyenne, WY
Specialties
Estate Planning, Business, Environmental, Real Estate, Tax
Education
University of Wyoming College of Law,University of Wyoming
State Licensing
Colorado, Wyoming

Newman Craig
(307) 237-9588
123 West First Street Suite 675
Casper, WY

Data Provided by:
Lawrence J. Wolfe
(307) 778-4200
2515 Warren Avenue, Suite 450, P.O. Box 1347
Cheyenne, WY
Specialties
Tax, Environmental, Litigation, Administrative Law, Intellectual Property
Education
University of Wyoming College of Law,University of California - Davis
State Licensing
Wyoming

Thomas N. Long
-0300
2120 Carey Avenue, Suite 300, P.O. Box 87
Cheyenne, WY
Specialties
Estate Planning, Business, Tax, Trusts, Real Estate
Education
Harvard University Law School,University of Wyoming
State Licensing
Wyoming

Christopher Michael Reimer
(307) 734-1908
199 East Pearl, Ste. 101, P.O. Box 3070
Jackson, WY
Specialties
Tax, Estate Planning, Probate, Trusts
Education
University of Denver College of Law,University of Wyoming College of Law,University of Wyoming
State Licensing
Colorado, Wyoming

Charles G. Kepler
(307) 527-7896
1135 14th Street, P.O. Box 490
Cody, WY
Specialties
Litigation, Estate Planning, Business, Tax, Oil & Gas
Education
University of Michigan Law School,University of Wyoming College of Law,University of Wyoming
State Licensing
Wyoming

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Capital Gains Tax

Capital Gains Tax

Capital is a unique term when it comes to taxes. If it gains value, you pay a capital gains tax. If it loses it, you can write at least some of the loss off.

Practically everything you own is a capital asset. This is true whether you use it for business purposes or personal use. The internet revenue service is very interested in your capital assets. Why? The IRS likes to tax the full gains while only giving you a small break on any lost value. Specifically, you have to report and pay taxes on gains in value of your capital assets when you sell them. Unfortunately, you only get to claim a loss on capital assets if it is an investment property such as stocks. Doesn't seem fair, but that is how the cookie crumbles these days!

Here are some capital gains tax highlights:

1. Generally, you report capital gains and losses on assets by subtracting the price you purchased it for from the price you sold it for. This calculation is reported to the IRS on Schedule D, which should be attached to your 1040 tax return. Lucky you!

2. Capital gains and losses are classified as long-term or short-term. The classification breaks down on…tad a, how long you've owned the capital asset in question before selling it to someone else. If it has been less than a year, it is a short-term gain or loss. Hold on to it for more than a year and you are looking at a long-term gain or loss when reporting taxes. Each classification requires different tax calculations and you will ...

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