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Capital Gains

These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.

For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.

Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.

In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.

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American Campus Communities Announces Second Quarter 2008 Earnings Release and Conference Call

 
Comtex
 

AUSTIN, Texas, Jul 01, 2008 (BUSINESS WIRE) ----American Campus Communities, Inc. (NYSE:ACC), the nation's largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the second quarter 2008 after the market close on Monday, August 4, 2008. The company will host its quarterly earnings conference call for investors and other interested parties on Tuesday, August 5, 2008 at 11 a.m. Eastern Time (ET). ACC management will discuss the quarterly results and business outlook for 2008 on the conference call. The press release will be available in the Investor Relations section of the company's website.

The conference call and an accompanying slide presentation will be accessible through the Internet. To listen to the live broadcast, go to www.studenthousing.com or www.earnings.com at least 15 minutes prior to the call so that required audio software can be downloaded. A replay of the conference call will be available beginning two hours after the end of the call until August 12, 2008 by dialing 888-286-8010 or 617-801-6888 passcode 70234020. Additionally, the replay will be available for 30 days at www.studenthousing.com and www.earnings.com, and a podcast can be accessed on www.REITcafe.com and the company's website shortly after the call.

About American Campus Communities, Inc.

American Campus Communities, Inc. is the largest developer, owner and manager of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management, and operational management of student housing properties. American Campus Communities owns 88 student housing properties containing approximately 54,300 beds. The company also owns a minority interest in 21 joint venture properties containing 12,100 beds. Including its owned, joint venture and third-party managed properties, ACC's total managed portfolio consists of 145 properties with approximately 92,100 beds. Additional information is available at www.studenthousing.com.

SOURCE: American Campus Communities, Inc.

American Campus Communities,
   Inc. Investor Relations Gina Cowart, 512-732-1000 
Copyright Business Wire 2008 **********************************************************************
   As of Friday, 06-27-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND
   on 06-18-2008 for ACC @ $29.66. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com
   SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights
   reserved.
 

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