Capital Gains and Losses

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I am considering selling a home in California and using
I am considering selling a home in California and using equity to buy two houses in other states. Possibly Indiana and Florida. I would like to know tax obligations for capital gains, and rolling over… read more
emc011075
emc011075
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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
Barbara
Barbara
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I convert a rental property to primary residence, how can I
I convert a rental property to primary residence, how can I avoid capital gain tax? I also want to sale this house this year? Any way to avoid this tax?… read more
Barbara
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We are Looking at purchasing a property for $155,000 and we
Hi there. We are Looking at purchasing a property for $155,000 and we are selling another property for $197,000 will this allow us to use capital gains and not pay a penalty? … read more
emc011075
emc011075
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My husband bought a house in 2003. He and his mother lived
Hello. My husband bought a house in 2003. He and his mother lived there until 2007 when my husband moved out. His mother continued living there until just recently. We are considering either renting o… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
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I am selling my home in Oregon and have lived it in exactly
I am selling my home in Oregon and have lived it in exactly 2.5 years. We are a married couple and we will be selling the home for a a $50k profit (less $26K paid to Relators). We are moving to Califo… read more
emc011075
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I owned a home for 15 years and not have to sell it. For
I owned a home for 15 years and not have to sell it. For last 6 years it is rented. Do I pay capital gains? or can claim exclusion for period owned vs rented … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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Can capitol gains from a farm which is being strip mined be
Can capitol gains from a farm which is being strip mined be used to acquire other farms? … read more
Lev
Lev
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If i reninvest in the phillipines property how much capital
if i reninvest in the phillipines property how much capital gains do i pay … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,926 satisfied customers
I have a townhome in Phoenix Arizona that I lived in until
I have a townhome in Phoenix Arizona that I lived in until 2016. I currently hold my primary residence in Idaho and the townhouse is a rental now. I read recently that to avoid capital gains tax when … read more
Lev
Lev
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Bachelor's Degree Equivalent
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We are planning to move from Denver, CO, to the D.C. area
We are planning to move from Denver, CO, to the D.C. area (VA, MD, DC) next year. We have two houses here in Denver, the one we moved to 7.5 yrs ago and lived in with our family, which has almost doub… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,769 satisfied customers
I bought a townhome in Florida on March 2011 and lived there
I bought a townhome in Florida on March 2011 and lived there until may 2nd 2013. I have been renting it out ever since. I am planning to sell it now.1) the fact that I have used it as my primary resid… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,926 satisfied customers
Does capital gains tax has to be paid if you are the owner
Does capital gains tax has to be paid if you are the owner of a rental property and you move in yourself after 30 years. We paid $105,000 and it is assessed at $1,320,000.00. We have 3 houses includin… read more
Mark Anderson
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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
Stephen G.
Stephen G.
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Bachelor's Degree
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I'm selling my home. I'm 63 yrs. bought the house single. I
Hi! I'm selling my home. I'm 63 yrs young. bought the house single. I will make just less than 200K from the sell. I've lived in the home for 16 years. Do I have to reinvest that $$ to NOT pay capital… read more
Arthur Rubin
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Purchase two homes and lived in one in Arizona and now I
Purchase two homes and lived in one in Arizona and now I have lived in one in Washington. I owned the 1st house for 7 + years and now I have owed the house in Washington for 2 years and I want to sell… read more
PhillipB EA
PhillipB EA
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I sold two rental houses this past year in Texas. How do capital
I sold two rental houses this past year in Texas. How do capital gains taxes work? When do I have to pay them? How do I determine what amount I will need to pay? How do I avoid paying them?… read more
Tax.appeal.168
Tax.appeal.168
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We are Oregon residents who have owned our home for 11 years.
We are Oregon residents who have owned our home for 11 years. We want to purchase a new primary residence in California and rent out our home in Oregon (per above.) If we sell our Oregon home that wil… read more
R. Klein, EA
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