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
I have owned my home for 40 years but moved out of it 5
I have owned my home for 40 years but moved out of it 5 years ago. I never rented it out as it was in disrepair. will I be subject to capital gains if I sell it. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,811 satisfied customers
I have question regarding tax from selling a condo in
I have question regarding tax from selling a condo in California. My father's in law family bought a condo on 8/20/1999. The condo has 2 bedrooms and they are on the second floor. The original price w… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,188 satisfied customers
I am inquiring for my girlfriend, regarding capital gains
Hello, I am inquiring for my girlfriend, regarding capital gains taxes due on her condo that she just sold in Miami Florida.I understand that there could be a break in the capital gains taxes due if t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,971 satisfied customers
I co owned a property with my brother as joint tenancy since
Hi, I co owned a property with my brother as joint tenancy since 2010. After I got married in 2016, my husband and I have been occupying that property as our primary residence. My brother moved out to… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,529 satisfied customers
I'm a realtor and I have a client who purchased a property
Hi! I'm a realtor and I have a client who purchased a property back in 2001. They stayed in there until 2012 and rented it out until this year. The tenant is moving out and they are thinking of moving… read more
Dave B
Dave B
Managing Director
Masters
30 satisfied customers
In California, there used to be a one-time "dump" of capitol
In California, there used to be a one-time "dump" of capitol gains on the sale of your primary residence if you were 55 or over, and met certain conditions. Is this still in place? If so, what are the… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,529 satisfied customers
Here is my situation I am trying to determine my tax
Here is my situation I am trying to determine my tax liability for: - my wife and I bought a condo in May 2013 - moved for a work relocation (50+ miles away) in May 2014 - instead of selling at the ti… read more
TaxRobin
TaxRobin
Tax Preparer
Vocational, Technical or Trade School
28,149 satisfied customers
I do not own a main residence and live in a rental property.
I do not own a main residence and live in a rental property. I do own a condo that I use during the winter on the weekends. I do not rent it out. If I sell it to purchase a bigger condo in the same bu… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,188 satisfied customers
Selling house which was a rental. We moved in May 1st 2014
Selling house which was a rental. We moved in May 1st 2014 however our other house which was the Primary house closed escrow May 9th 2014. Do we have to stay here until May 1 2016 or May 9 2016 to avo… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,188 satisfied customers
I have a property that I rented out years. I lived in it
Hi, I have a property that I rented out for 3 years. I lived in it since 1995. Now I want sell it. How does capital gains effect me?… read more
Alexander Haraczka
Alexander Haraczka
Bachelor's
20 satisfied customers
I need some professional guidance on potentially selling my
I need some professional guidance on potentially selling my home. Home was bought in 12/2005 as Primary Residence for $720k Lived in that home till 09/2011. Moved to new PR in 09/2011. I had to move 7… read more
PDtax
PDtax
Owner
Master's Degree
5,964 satisfied customers
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
8,188 satisfied customers
We owned a property as our primary residence since April 2000
We owned a property as our primary residence since April 2000 until we became snow birds and lived partial year Jan -May of 2009 in our winter home. We lease our former home -2013 and converted it bac… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,930 satisfied customers
Tax question for a UK individual wishing to reduce his US CGT
Tax question for a UK individual wishing to reduce his US CGT liability on the sale of his UK home at the time of becoming a US Citizen. *Please read very carefully* Background I was born and lived al… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,930 satisfied customers
I bought a condo in 2003. I lived in it for 5 years and then
I bought a condo in 2003. I lived in it for 5 years and then moved out in Dec, 2008. I got seperated from my wife in Sept, 2012. I finally moved back in to the condo in Oct,2013. I want to sell it now… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,188 satisfied customers
My wife and I are currently in escrow, selling the vacant lot
My wife and I are currently in escrow, selling the vacant lot adjacent to our residence lot in Marin County, CA. We have lived on the property 27 years continuously. We decided not to build another ho… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I own a NYC Taxi Mediallion. Paid $60,000.00 in 1984. It is
I own a NYC Taxi Mediallion. Paid $60,000.00 in 1984. It is now wothh $650,000.00 I won a condominum in NYC, paid $175,00 and have lived in it over 6 years. I am selling it for $540,000.00. I am retir… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
Is there any way to avoid capital gains tax on a vacation condominium
Is there any way to avoid capital gains tax on a vacation condominium in Delaware, other than living there for 2 years? We live in Buffalo New York. We purchased this condo in 1997 for $103,000. We ar… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 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

85 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

270 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