Capital Gains and Losses

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My. My mother recently sold a house that she received
My mother recently sold a house that she received through my father's will. He was given the home by his parents. My mother has had the house since his death almost nine years ago. It has been vacant for the last twenty years. … read more
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My mom put her house in mine and my sister's name several years ago, (so it is gifted?) we have just sold her house and I am selling my house, and are presently building a duplex condo in a over 55 co… read more
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My mom has a life estate, setup about 5 and 1/2 years ago
Hello. My mom has a life estate, setup about 5 and 1/2 years ago with my brother as the remainderman. We have to sell the house and need to understand what the capital gains tax will be for bot her an… read more
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My mother quit claimed her home to my sister and myself 9
My mother quit claimed her home to my sister and myself 9 years ago with the stipulation that she could live there until she passed away. She passed away in April and we just sold the home for $253,00… 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 mom is 82 years old and lives in Daly City California.
My mom is 82 years old and lives in Daly City California. She has lived in the same house for 56 years. She owns the house outright. Her husband died 2 years ago and also lived in the house. She is lo… read more
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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
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In 2014 my mother put my name on her deed. My father was
In 2014 my mother put my name on her deed. My father was deceased, and I am her only child. She passed in Oct, 2016. We were in the process of selling the property and had it under contract at that ti… read more
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House was gifted to my aunt more then 20 years ago from her
House was gifted to my aunt more then 20 years ago from her mother. She has lived in it as her primary residence since. Her husband passed away 3 years ago. Is her exemption only good for 250k, plus h… read more
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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
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My mother is 98 years old, has dementia, and is living in a
My mother is 98 years old, has dementia, and is living in a rural Colorado skilled nursing facility. She has social security, some help from a long-term care policy, and is self-paying due to the sale… read more
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My mom died in 2014. She had put her home in both my name and
My mom died in 2014. She had put her home in both my name and my sister's name. We have sold the house and will split the money from the sale. Will it be considered capital gain? If i purchase a home … read more
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My mother in law lives in the State of CA she is 67 and has
My mother in law lives in the State of CA she is 67 and has been retired for two years. She just sold her home in San Anselmo for $700,000. She and her husband paid $22,000 for the home 40 years ago. … read more
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My folks have sold their farm ground recently for $3,000,000
My folks have sold their farm ground recently for $3,000,000 to an oil company. The land was purchased in approx. 1961 for $100,000 ($50,000 by my dad and $50,000 by his brother) and was farmed by my … read more
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I have to report a capital gain on the sale of my mom's house, which was quit-claimed over to me and my two siblings several years ago, which took place this past year (2013). I assume the "basis" on … read more
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My mother-in-law is 87 years old and has just moved from California into a senior assisted living complex in the state of Washington where her son and I live. She is no longer able to live in her home… read more
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My father died 12 years ago and my mother had her house put in my and my sisters name with "lifetime rights". She died 2 years ago and we sold the house last year. From which date are the capital gain… read more
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