Capital Gains and Losses

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I need some advise on capital gains taxes. I recently sold
I need some advise on capital gains taxes. I recently sold two of my rental properties. … read more
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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.
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Vocational, Technical or Trade School
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Sold a house this past year my second home that my daughter
Sold a house this past year my second home that my daughter lived in and I stayed in some. Didn't owe a mortgage and dont think I should have to pay gains. She didn't pay us anything snd we had to wor… read more
CGassist.168
CGassist.168
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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
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I bought a second home in January of 2018. It was my
I bought a second home in January of 2018. It was my mother's home she went into a nursing home. I bought it for $156,000. I sold it in December of 2020 for $255,000. Do I have to pay capital gains ta… read more
JeffS6413
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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
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I just sold a rental property 1-29-20. It belonged to my
Second opinion] I just sold a rental property 1-29-20. It belonged to my husband when we got married in 02/2015. I refinanced it with my husband in 08/2015. My husband died 05/2018. Do I have to pay c… read more
Carter McBride
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We are 81 & 83 just sold our house. What percentage of
We are 81 & 83 just sold our house. What percentage of Capital gains do we pay? … read more
Chad EA, CDFA®, CFP®
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Is there a capital gains exclusion on $ 72,000 +- MFJ?
Is there a capital gains exclusion on $ 72,000 +- MFJ ? … read more
emc011075
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If i reninvest in the phillipines property how much capital
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emc011075
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I recently sold my rental property and realized a net profit
I recently sold my rental property and realized a net profit was $340,000. My current income is $13,000 per year (retirement). What tax will need to pay in 2018? Thank you. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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I bought house in 1970 and lived in it until 2008 when I
I bought house in 1970 and lived in it until 2008 when I couldn't sell it i rented it until 2017 when i sold it. How do i figure the CGT? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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My Accountant says I owe $17,000.00 in depreciation recovery
My Accountant says I owe $17,000.00 in depreciation recovery tax and capital gains tax after selling my rental property in July 2017. … read more
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Second opinion] Morningthis year we are selling a $2m
Second opinion] Morningthis year we are selling a $2m beachhome and a $600k other home...how does the irs determing primary residence if its sold in the first 4 months of 2017...do they revert do prim… read more
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My wife and I sold our gas mineral rights for $50,000.00 3
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Barbara
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My husband sold s rental house in Texas this year ,500. The
my husband sold his rental house in Texas this year for 47,500. The house was purchased for $40,000 in 1980 and has never been occupied by him. He co-owned the house with family members and the house … read more
Robin D.
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My primary residence is in Texas, I rent a home in ND as we
My primary residence is in Texas, I rent a home in ND as we have a temp assignment up here. We rent out our texas home while away on assignments. Now I am thinking of selling our Texas house. What is … read more
R. Klein, EA
R. Klein, EA
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a corporation taxed on a capital gain as a result of rental
a corporation taxed on a capital gain as a result of rental house sale at the rate of 46%. why the rate is that high, and whatother steps are there for the corporation to reduce this tax, avoid and or… read more
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