I am deducting the medical fees I paid for my mother, who is 78 and living in her own home, with my itemized medical expenses (I qualify to do this). I’m 55 years old. For 2013, do I apply the 10%- or 7.5%-of-adjusted-gross-income threshold?

Capital gain or loss

The difference between amount realized and adjusted basis on the sale or exchange of capital assets. Long-term capital gains are taxed favorably. Capital losses are deducted first against capital gains, and then again up to $3,000 of other income.