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<<For the sales of assets other than equitities, specifically - a horse - in this case, do the usual capital gains terms apply?>>

In general, the normal cap gains rules apply for almost all assets. We just focus on securities for the obvious reasons. There might be special rules for a horse or related "livestock" type of items, but if not, a horse is an asset, of course, of course (sorry).

who really wants to make a "live stock" related pun.
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