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Navigating the world of investments often brings up the term "capital gains." Simply put, it's the profit you pocket when you sell an asset for more than you originally paid for it. Understanding how to calculate these gains is a cornerstone of smart financial planning, and with recent legislative shifts and evolving market trends, staying informed is more important than ever. This guide breaks down the essentials of capital gains, from the nitty-gritty of calculations to the nuances of tax implications, helping you manage your investments with confidence.