[Series 66] 23, Capital Gains Cost Basis and After-Tax Returns

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

• How to calculate capital gains cost basis including purchase price and acquisition costs.

• The tax distinction between short-term capital gains and long-term capital gains based on holding period.

• Differences between inherited step-up cost basis and gifted carryover cost basis.

• Step-by-step methods for computing net after-tax return on taxable investment portfolios.

• Common exam pitfalls when distinguishing ordinary tax brackets from preferential long-term capital gains rates.

For independent Series 66 study materials and practice support, visit https://open-exam-prep.com/practice/series66 and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 14, 2026

https://www.nasaa.org/wp-content/uploads/2023/02/Series-66-Outline-June-2023.pdf

https://www.irs.gov/taxtopics/tc409