Capital Gains and Losses

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Related Capital Gains and Losses Questions
If my mother gifts me acreage is there some point where I
If my mother gifts me acreage is there some point where I wouldn't have to pay capital gains taxes if I sold the land? … read more
emc011075
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Jim, would the sale of the land be considered a long term
Jim, would the sale of the land be considered a long term capital gain? My husband and I are retired but with our pensions and social security our gross income approaches 100K annually. I am really go… read more
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I have a serious capital gains question and don't trust my
I have a serious capital gains question and don't trust my local small town H and R Block people will know how to do this. Can you help me or direct me to a seasoned CPA? Thank you so much … read more
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1) My parents owned a house outright in North Carolina. When
1) My parents owned a house outright in North Carolina. When my father passed away 5 years ago, my mother was in ill health so we immediately transferred ownership to my adult daughter (their granddau… read more
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My husband and his mother (now 80) were both on the deed for
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We sold 1.8 acres with our horse barn on the property. We
we sold 1.8 acres with our horse barn on the property. We had owned the property for 20 years. We had quite an investment in the barn. The new owner had it appraised so he could have it insured, total… read more
Robin D.
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OUR VETERANS OF FOREIGHN WARS POST IS SELLING SOME EXCESS
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If you sell farm land that you inherited several years ago
if you sell farm land that you inherited several years ago is there an amount that is exempt from capital gains? … read more
emc011075
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How will I be taxed if I sell my home (inheritance) now as I
How will I be taxed if I sell my home (inheritance) now as I am retired and 67 years old? … read more
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My sister and I inherited my father's farm land in Miss. in
My sister and I inherited my father's farm land in Miss. in 1977. We plan to sell it soon. It was worth appx. $2,000.00 an acre at the time of his death.Now planning to sell for around $4.400.00. I kn… read more
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I am selling my farm for 280000. I have loan against it for
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Stephen G.
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We are in Anoka, MN. We have 3.5 acres and plan on selling
We are in Anoka, MN. We have 3.5 acres and plan on selling approx. an acre. My husband originally bought a 1/2 acre from his father. When his father passed, he was willed approximately another acre. T… read more
emc011075
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My name, Nelly My QQ I received 7 acres of land per
Customer: My name, Nelly My QQ I received 7 acres of land per Quitclaim deed in Feb 20002 My great aunt gave/transferred to me - she was alive at the time i'm now selling it - is my purchase price $1.… read more
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My husband and I purchased our home with 9.7 acres in 1972.
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My mother wants to give me her small rental trailer park and
My mother wants to give me her small rental trailer park and 2 other seperate rental lots. If she gives them to me will I have to pay capitol gain taxes? Only one lot is rented out as she's no longer … read more
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What will be our, myself and 2 sisters Capital Gains Tax on
What will be our, myself and 2 sisters Capital Gains Tax on a 300 Acre farm that we will inherit and possibly sell in the future? The farm has been in the family since 1860.… read more
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My mother-in-law is 83 years old. She has two children and
My mother-in-law is 83 years old. She has two children and 9 grand children. She has a trust for her estate which at this time has an approximate value of $1.75 million, and currently all the assets a… read more
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In 2009 upon my uncles passing my sister, dad, and I inherited
In 2009 upon my uncles passing my sister, dad, and I inherited equal shares of his 120acres=fair market value $1100 an acre. September 3, 2011 my father passed away and his adjoining 120acres appraise… read more
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