Exploring Capital vs$.$ Business Gains

In this activity, you will explore a fundamental aspect of financial transactions $$ the distinction between capital gains and regular business gains. Understanding this difference is crucial for individuals navigating the complexities of financial management and tax reporting. In this forum, we encourage participants to share insights, experiences, and questions related to these two types of gains.

Instructions:

Discuss the following question:

Explain and give examples of capital gain and explain the difference between short$-$term and long$-$term capital gains or losses.