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Protected B when completed T1-2013 Capital Gains (or Losses) in 2013 Schedule 3 For more information, see line 127 in the General Income Tax and Benefit Guide, and Guide T4037, Capital Gains. Attach
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What is capital gains or losses?
Capital gains or losses are the profits or losses made from the sale of assets such as stocks, real estate, or bonds.
Who is required to file capital gains or losses?
Individuals or businesses who have realized capital gains or losses during the tax year are required to file them.
How to fill out capital gains or losses?
Capital gains or losses can be reported on Schedule D of Form 1040 for individuals or on Form 4797 for businesses.
What is the purpose of capital gains or losses?
The purpose of reporting capital gains or losses is to calculate the tax liability on the profits made from the sale of assets.
What information must be reported on capital gains or losses?
The information reported on capital gains or losses includes the description of the assets sold, the purchase price, sale price, and any adjustments.
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