Capital Gains and Losses

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I have just sold a home which i inherited in 2009. how do i
I have just sold a home which i inherited in 2009. how do i calculate how much my capital gains tax will be? … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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My parents (now in their 67th year) bought a two family
My parents (now in their 67th year) bought a two family house 10 years ago. Father retired last year and is not on medicaid/medicare. I lived in the 2nd floor for 5 years. The house is currently worth… read more
Robin D.
Robin D.
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I am considering selling a home in California and using
I am considering selling a home in California and using equity to buy two houses in other states. Possibly Indiana and Florida. I would like to know tax obligations for capital gains, and rolling over… read more
emc011075
emc011075
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I own a house in AL that we bought in 2000. We lived in the
I own a house in AL that we bought in 2000. We lived in the house until 2003. We moved to SC for a job, but could not see the house, so we have been renting. If I sell the house, do I have to pay capi… read more
Barbara
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We have 2 homes. One in Oregon that we have lived in off and
We have 2 homes. One in Oregon that we have lived in off and on for 7 years (consistently for the last 436 days to date) and one in Alaska that we purchased in 1989. Our daughter has lived in our Alas… read more
Stephen G.
Stephen G.
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I am looking at wanting to buy a piece of property as my
Hello, I am looking at wanting to buy a piece of property as my personal residence. This property price is approximately 150,000 less than the house I would like to sell to buy the new one. The house … read more
JeffS6413
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My wife inherit a house in Accra, Ghana and we're selling it
My wife inherit a house in Accra, Ghana and we're selling it for 8,000,000 she live there for 2 years . Do we have to pay tax's there and here in United States and pay Capital gains? … read more
Barbara
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My wife and I own a house with my mother in law. It was my
My wife and I own a house with my mother in law. It was my wife's childhood home and it was initially owned by her mom for 25 years. She added us to the title last year.She passed away about six month… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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When my parents die, I will inherit their house, all
When my parents die, I will inherit their house , all possessions, and hundreds o thousands of dollars. It is all set up in a trust allready. How can i avoid taxes on all of this?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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We have 3 properties which we wish to liquidate over the
We have 3 properties which we wish to liquidate over the next 4-7 years.Here are the particulars for each property:Property #1 Current use - primary residence Ownership - 37 years Cost basis - $200,00… read more
Barbara
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I have a capital gains question relative to sale of a
Good afternoon: I have a capital gains question relative to sale of a mixed-use house (rental/residence) and was hoping you could provide some guidance. Please be prepared for follow-up questions and … read more
Lane
Lane
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Doctoral Degree
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My husband died in January. We had a commuter marriage - he
My husband died in January. We had a commuter marriage - he kept an apartment in San Francisco because he worked there four days a week and myself and the children live in Southern California. I sold … read more
Chad EA, CDFA®, CFP®
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IRS Enrolled Agent, CFP(R),
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Morning mother sold a piece of investment commercial
Morning mother sold a piece of investment commercial property in delaware that she and father owned for 35 years. Purchase price 35 years ago $35,000 sales price $600,000. Her tax rate will be 15%...h… read more
Robin D.
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Vocational, Technical or Trade School
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My sister and I inherited a house and property from our
My sister and I inherited a house and property from our Mother. We recently sold it after inheriting it in 2012. How can I estimate my capital gains tax?… read more
Jason M. Tyra, CPA
Jason M. Tyra, CPA
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My mother recently moved to an assisted care facility. The
My mother recently moved to an assisted care facility. The family is now deciding on whether to rent her house out or to sell. The concern of renting is that we might have a large capital gain tax to … read more
Stephen G.
Stephen G.
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Re Rental Property/sale of residence. I bought a 2nd house
Re Rental Property/sale of residence. I bought a 2nd house in1985 for $35K. I rented the house for 20+ years and took depreciation deduction of $28K through 2003. I have not rented it for the past 4 y… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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I have a house that I lived in for 10 years and then rented
I have a house that I lived in for 10 years and then rented out for 6. I expect a capital gain of 325,000. I am single and I have been paying about 6% fed taxes due to rental income from several prope… read more
Bill-the-CPA
Bill-the-CPA
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Master's Degree
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I have a home in Wisconsin that I purchased in 1983. I moved
I have a home in Wisconsin that I purchased in 1983. I moved to Nevada in the end of 2007 and have purchased a home here that is under water. My son currently lives in the house in Wisconsin. I purcha… read more
jgordosea
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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.

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