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
Re: Capital Gains: On my fathers passing in 2013, the family
re: Capital Gains: On my fathers passing in 2013, the family house and an amount of money for it's upkeep was left to my sister & I, in a trust account. We recently sold the house, have finalized all … read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
3,255 satisfied customers
My father has a irrevocable trust set up at his death, he
My father has a irrevocable trust set up at his death, he died in 2006. The trust has stock in it. The account was left to my mother as trustee. She maintained that account until her death in 2016. Th… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,170 satisfied customers
In 2003, my father had a house built in Eastham, MA on Cape.
In 2003, my father had a house built in Eastham, MA on Cape Cod. The house was built for my intellectually disabled brother to live in so as to provide him a greater degree of independence.. My father… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,531 satisfied customers
Is a distribution or monies received as a trustee of a
Is a distribution or monies received as a trustee of a Revocable trust liable for tax personally to the trustee or does the tax burden stop with the trust itself? also, if tax returns have not been fi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,545 satisfied customers
My parents set up an irrevocable trust many years ago that
My parents set up an irrevocable trust many years ago that stated when they died, their property would be divided equally among my siblings and I. They are both gone now and the trust is in the proces… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,400 satisfied customers
I'm a disabled American vets my mother put the house in a
I'm a disabled American vets my mother put the house in a trust. My brother is the executor of the trust. Each of us will have about $460,000 each. … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
2,380 satisfied customers
Question My Mom had a Living Trust formed in 1992 with my
Question My Mom had a Living Trust formed in 1992 with my Dad as the sole Trustee/Beneficiary. The Trusts assets were real estate that they had owned jointly before establishing the trust. Per the tru… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,531 satisfied customers
I am trying to decide if I need to do an appraisal on a
I am trying to decide if I need to do an appraisal on a property in the B trust as my mother died in May. My father predeceased her in 1996, the date of the Trust Split. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,531 satisfied customers
My dad had put the house he owned into a trust. He did this
My dad had put the house he owned into a trust. He did this while still alive. He has since passed. The house was sold after he passed away. It sold for $135,000.00 in the state of CT. It was original… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,531 satisfied customers
My sister is the POA and executor for my mother's estate.
My sister is the POA and executor for my mother's estate. The trust sold a house in 2016 at a loss. The house was empty from 2012 when my mother died until the sale in 2016. We found out that the trus… read more
PDtax
PDtax
Owner
Master's Degree
5,912 satisfied customers
I inherited a house when my mother passed away in 2012. The
I inherited a house when my mother passed away in 2012. The house sold in 2016 for less than the appraised fair market value in 2012 at the time my mother passed away. I want to take a capital loss on… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,531 satisfied customers
My parents purchased a 3 family house on "L" St in South Boston
My parents purchased a 3 family house on "L" St in South Boston in the early 1950's for $20,000. My mother signed it over to my sister by a Quitclaim deed in 1984. My mother died in in 1998. My brothe… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,170 satisfied customers
Property sale $720,000 Basis $380,000 Expenses est. $40,000
Property sale $720,000 Basis $380,000 Expenses est. $40,000 Property is in a trust with 3 daughters (not brother), court supervised agreement stipulates 50% of net sale proceeds is to be paid to broth… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,170 satisfied customers
My two siblings and I are likely to soon receive a mediated
My two siblings and I are likely to soon receive a mediated settlement on a legal malpractice case in Vermont related to a Florida trust and a Vermont estate. I am told any settlement should be treate… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,170 satisfied customers
My Mom lived in the state of ( County) USA. I am the
My Mom lived in the state of Washington (King County) USA. I am the executor of my Mom's small estate that is far below the IRS form 706 filing requirement. She had approximately 500 shares of AT&T he… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
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
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
my father bought his house in 1970 for 18000 dollars with him
my father bought his house in 1970 for 18000 dollars with him and my mother on the deed. in jan 2012 my mother set up a trust that the house was ours but she could live here unil she died, three weeks… read more
JerrySJD
JerrySJD
Attorney-at-Law
Doctoral Degree
14 satisfied customers
My father died 12 years ago and my mother had her house put
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
angelwork1111
angelwork1111
President
Bachelor's Degree
8 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

173 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

2,102 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

269 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