Capital Gains and Losses

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Related Capital Gains and Losses Questions
How can I lower my capital gain taxes? like IRA/HSA/ any
How can I lower my capital gain taxes? like IRA/HSA/ any other means? We bought the home same year and selling in same year, so what are the deductions I can take for home buying? If i put money into … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
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My wife & I bought a home in spring valley CA., WE need the
My wife & I bought a home in spring valley CA., WE need the money for our retirement .How can we get away from the high capital gains tax?? I never thought it would be this high.My wife is 75 & I am 7… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,348 satisfied customers
His wife are in the 33% bracket but only just. They wish to
Charles and his wife are in the 33% bracket but only just. They wish to move to a lower bracket for both ordinary income and capital gains but only if doing so would increase aftertax income. Thus the… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,696 satisfied customers
Tell me about capital gains in state i plan sell my home and
tell me about capital gains in washington state i plan sell my home and make a profit of $700,000 … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,250 satisfied customers
I am considering selling me house in Union City, CA 94587. I
I am considering selling me house in Union City, CA 94587. I currently owe $390,000 on it.(includes mortage and credit line) Purchased it for $250,000 in 1990. I believe I can get at least $900,000 fo… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,914 satisfied customers
When are capital gains taxed at the higher rate, and what is
When are capital gains taxed at the higher rate, and what is that rate? Are capital gains added to adjustable gross income that determines whether they are taxed at the higher or lower rate? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,696 satisfied customers
Does a married couple get a one time exemption for capital
does a married couple get a one time exemption for capital gains for investment property. Can they deduct off the gain any money spent on the rental over the period of them owing it? We were told we g… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,250 satisfied customers
My parents bought a house 50 years ago for 30k...I inherited
My parents bought a house 50 years ago for 30k...I inherited it upon their death 30 years ago...it's value at that time was 200k It is now valued at approximately700k. I am a single, 65 year old disab… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,914 satisfied customers
I am selling a 25 acre tract of land that I have had for
I am selling a 25 acre tract of land that I have had for 20years. I bought it for 200.000.00 and am selling it for 400,000.00. I will have a long term capital gain of 200,000.00. how much of that will… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,914 satisfied customers
What are the tax implications on a house in montgomery
what are the tax implications on a house in montgomery county md my mother ownes and wants to sell but is not her primary residence she is 90 years old. is she entitled to a one time federal tax exemp… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I'm selling a house in Old Greenwich, CT. million dollars. I
I'm selling a house in Old Greenwich, CT. For 1 million dollars. I owe 400,000.00 on it. How much will I have to pay?… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,914 satisfied customers
What is the capital gains "rules" in WI. We have a new
What is the capital gains "rules" in WI. We have a new construction house, been in for a year but are thinking of selling.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,250 satisfied customers
I intend to sell my property for $400,000.00 on a 10yr.
I intend to sell my property for $400,000.00 on a 10yr. personal contract. I have a capital gain of approx. $200,000.00. This is commercial property that was adversely affected in an eminent domain ac… read more
PDtax
PDtax
Owner
Master's Degree
6,529 satisfied customers
If a new york state resident sells a new york state piece of
If a new york state resident sells a new york state piece of real estate which is only raw land that was held for 20 years, without improvements of any kind, bought for $800 and sold for $20000 20 yea… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,250 satisfied customers
Well, here I am again with another question pertaining to
Well, here I am again with another question pertaining to the capital gains taxes on $3,000,000 on the sale of my parents farm ground. If you might remember, my mom being the owner of half of the farm… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
I am reporting a long-term capital gain on the sale of real
I am reporting a long-term capital gain on the sale of real estate. Where and how is the lower capital gains tax calculated/applied on Form 1040, Schedule D, and/0r Form 8949?… read more
Megan C
Megan C
Master's Degree
15,483 satisfied customers
My Question: In the process of selling my primary residence
My Question: In the process of selling my primary residence for $540,000 with the netsheet showing approximately $90,000 profit. I originally bought my home for $465,000 and the remaining balance of $… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
simple question here....I need to sell some stock but want
simple question here....I need to sell some stock but want to minimize the capital gains tax impact. Am I correct in thinking that I should focus on selling all stock subject a long term capital gain … read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
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