April 2021 Volume 10
The purpose of Kappa Beta Delta is to encourage and recognize scholarship and accomplishment among students of business pursuing associate degrees. To encourage and promote personal and professional improvement and a life distinguished by honorable service to humankind.
The Lake County Kappa Beta Delta GroupRaise Fundraiser at Boston Market in Munster will be receiving a check for $92.72 thanks to your support and participation. A check will be presented to the Foodbank of Northwest Indiana to support the KBD service learning and community outreach efforts. Again we thank ALL for your support.
“It is good to have an end to journey toward, but it is the journey that matters in the end.”
– Ursula K. Le Guin
4 Facts About Capital Gains
When you sell a capital asset like an investment or a piece of property, the sale can result in a capital gain or loss. The IRS defines a capital asset as “most property you own for personal use or own as an investment.” Here are four facts you should keep in mind:
1. A capital gain or loss is the difference between what you originally paid for the asset (your basis) and the amount you get when you sell an asset.
2. You must include all capital gains in your income and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help.
3. The IRS allows you to deduct capital losses on the sale of investment property. You cannot deduct losses on the sale of property that you hold for personal use.
4. If your total net capital loss is more than the limit you can deduct, you can carry it over to next year’s tax return.
* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov
Finding Inner Peace Inside (and Indoors)
Practiced for thousands of years, yoga has had a revival in