Capital Gains and Losses

Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP

Connect one-on-one with {0} who will answer your question

Related Capital Gains and Losses Questions
I am a single member LLC in WA state. I bought a few cheap
I am a single member LLC in WA state. I bought a few cheap boats (5K-20K) through the business a few years ago and then have begun selling them for much more then I bought them for. In wa state, cars … read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
5,830 satisfied customers
SELLING A CONDO THATWAS RENTED CAITOL GAINS TAX. SELLING A
SELLING A CONDO THATWAS RENTED CAITOL GAINS TAX JA: What is the asset involved here? Customer: SELLING A CONDO JA: When did you acquire the asset? What was the initial value? Customer: 11 YEARS AGO 14… read more
Barbara
Barbara
Enrolled Agent, Paralegal
22,025 satisfied customers
$100000 ca[ital gains tax owed for rental property just
$100000 ca[ital gains tax owed for rental property just sold … read more
ToyinK - CPA
ToyinK - CPA
Senior Fund Accountant
Master's Degree
140 satisfied customers
Tax Question. My husband and I bought our condo in October
Tax Question. My husband and I bought our condo in October 2010 as our primary home / principal residence in New York. In April 2013, we relocated overseas due to my husbands job. We have rented out t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
22,025 satisfied customers
1. What do you need to do to establish primary residency for
1. What do you need to do to establish primary residency for CA? 2. How long does the CA residency need to be before selling a home? 3. How can we avoid capital gains when the home is eventually sold … read more
Barbara
Barbara
Enrolled Agent, Paralegal
22,025 satisfied customers
I bought my condo in Nevada in 2002, rented it til I moved
I bought my condo in Nevada in 2002, rented it til I moved there in 2010. I moved out in Feb, 2016, rented it to my son, and others after, til now. I am selling now. Will I have capital gains tax? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,023 satisfied customers
In 1994, my wife and I bought a house in Pikeville, NC,we…
In 1994, my wife and I bought a house in Pikeville, NC,we…In 1994, my wife and I bought a house in Pikeville, NC,we were planning to relocate. My wife moved there and lived there to 1999, then she mov… read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
5,830 satisfied customers
94 years old SSN 19000 blind I one eye term capital gain Lo.
94 years old SSN 19000 blind I one eye long term capital gain Lo … read more
Barbara
Barbara
Enrolled Agent, Paralegal
22,025 satisfied customers
I own 3 properties (my primary residence in Riverside, CA,
Hello, I own 3 properties (my primary residence in Riverside, CA, plus a condo in Palm Springs, CA, which I rent through AirBnB & VRBO. Finally, I own a home in Indio, Ca, which I rent to my sister & … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,023 satisfied customers
We bought a condo in CA, lived in it for 19 months. Didn't
We bought a condo in CA, lived in it for 19 months. Didn't like it and sold it ($310k purchase - $390,000 sale). Will we need to pay capital gains since we didn't live there 2 full years? … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,174 satisfied customers
Property I would live to sell and move profit to a new
Property I would live to sell and move profit to a new purchase within 6 mths. I understand I can do this with 'like' properties. I have a rental condo in the city, I've owned it since 2000 and spent … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,074 satisfied customers
I bought a house in 1994 which i used as a primary residence
I bought a house in 1994 which i used as a primary residence until 2008 then i rented this property in 2008 until 2016 and sale in 2016 when I should start pay for capital gain since 1994 or 2008?… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,023 satisfied customers
I bought a condo 10 years ago for $280K, daughter to
I bought a condo 10 years ago for $280K, for my daughter to live in during the last 2 years of college. After she graduated we have been renting it out. Now, my daughter wants to move back in and own … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,498 satisfied customers
I do not own a main residence and live in a rental property.
I do not own a main residence and live in a rental property. I do own a condo that I use during the winter on the weekends. I do not rent it out. If I sell it to purchase a bigger condo in the same bu… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,923 satisfied customers
Capital gains on property quit claimed to children
My mother purchased a condo in 1979 in her name. She prepared a quit claim deed to my brother and I in 1999. The original purchase price was around 45,000. My mother assumed the original loan at the t… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,923 satisfied customers
We have owned our WA house since 1986. My husband got a job
We have owned our WA house since 1986. My husband got a job in CA. He lived there August 2009-February 2015. We bought a condo in CA March 2011 and sold it Sept 2014. (We plan to pay capital gains on … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
3,161 satisfied customers
I own a condo in Ca. I live (rent apt.) in Texas. I loose $$
I own a condo in Ca. I live (rent apt.) in Texas. I loose $$ every month on my condo. I would like to sell it and buy something in Texas. I have $30,000.00 in credit card debt. I would like to pay off… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
86 satisfied customers
Hi - so, I live in CA and have rental [commercial] property
Hi - so, I live in CA and have rental [commercial] property in KY - I bought it in 1979 as R4 residential - somewhere along the way, the city came in and did a blanket re-zoning to C2; I have leased i… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,923 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

jgordosea

jgordosea

Enrolled Agent

3,161 satisfied customers

As an Enrolled Agent you can be ensured of my competence in income tax matters.

PhillipB EA

PhillipB EA

Accountant

130 satisfied customers

Enrolled Agent with 8 years experience in tax return preparation, representation, and taxpayer consultation

Arthur Rubin

Arthur Rubin

Tax Preparer

86 satisfied customers

Over 22 years of tax preparation experience.

Bill-the-CPA

Bill-the-CPA

Certified Public Accountant (CPA)

55 satisfied customers

Seasoned professional with over 15 years in public accounting. Income, sales and property tax. Also accounting/tax software.

FredStevens

FredStevens

Accountant

37 satisfied customers

Experienced in business, accounting and tax planning for individuals, small/medium sized businesses and non-profit organizations

Shane-CPA

Shane-CPA

CPA, PFS, CGMA

11 satisfied customers

Shane Northrop is a Certified Public Accountant, Personal Financial Specialist and a Chartered Global Management Accountant

R. Klein, EA

R. Klein, EA

Enrolled Agent

271 satisfied customers

Over 20 Years experience in resolving tough tax cases

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x