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
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
Tax advisor and Enrolled Agent
Bachelor's Degree
5,505 satisfied customers
We are about to sell two properties. The first is a rental
We are about to sell two properties. The first is a rental property townhome that used to be my wife's home before we were married three years ago. Gains on that property will probably be around $150-… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,991 satisfied customers
My daughter lost her job in 2008. She could not afford her
My daughter lost her job in 2008. She could not afford her condo payments even though she refied so moved in with me ,her mother, and rented it to keep from losing it. We refied again and had to put i… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,765 satisfied customers
My mother-in-law is a widow. She and her deceased husband
My mother-in-law is a widow. She and her deceased husband have owned their home since 1968. 1. What capital gains rules apply should she sell her home - does she qualify for the $250k or the $500k pro… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
What is the capital gains tax rates at different income
What is the capital gains tax rates at different income levels for Federal and California taxes?I need a table that shows at this income level your cap gains tax rate would X and that this income leve… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,765 satisfied customers
A client inherited a property from the father in 2006 with
A client inherited a property from the father in 2006 with 50% ownership, and then joint owned that property with her mother since then. She inherited another half after her mother die in 2013, then s… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
Capital gains. my mother, who lives in WI purchased a condo
capital gains. my mother, who lives in WI purchased a condo in FL. I have been living in it and paying her rent to own. I have almost paid the full balance and we were going to change the title to me.… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
My ex-wife and I bought a house with my mother in 1995. My mother passed away in 2010. My
My ex-wife and I bought a house with my mother in 1995. My mother passed away in 2010. My wife and I divorced in 2013. Our division of assets is done except for the decree that when the house is sold … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
what is the capital gains tax rate for a retired person (my
what is the capital gains tax rate for a retired person (my mother) who has only social security income under $25,000 per year? She inherited land many years ago and sold part of it in 2014, and part … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
My wife and i purchased a home in San Lorenzo, CA that closed
My wife and i purchased a home in San Lorenzo, CA that closed escrow on August 01, 2012. I have a new job that is 45 miles away from my old job. We are relocating to San Jose, CA. We paid $408,000 for… read more
Megan C
Megan C
Master's Degree
15,482 satisfied customers
In 2013, My mother sold a property she owns overseas. The buyer
In 2013, My mother sold a property she owns overseas. The buyer is paying installments over 2 years, 2013 & 14. Her only income is social security, less than $25k/year. What is her capital gains rate,… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,185 satisfied customers
How do I estimate my tax for a long term capital gain realized
How do I estimate my tax for a long term capital gain realized in 2013? Please reference the IRS and California Tax board documents/forms. Thank you… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I bought a house in 2001; then moved to a new house in December
I bought a house in 2001; then moved to a new house in December 2011. I rented out house #1 from Feb 2012 to March 2013. I owe too much (between the mortgage and a line of credit) and would have to br… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
270 satisfied customers
My mother inherited farmland along with her 3 siblings from
My mother inherited farmland along with her 3 siblings from their mother 12 years ago upon her passing. They have been cash renting the land since. They just recently started the process to sell the f… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
270 satisfied customers
My mother wants to give me her small rental trailer park and
My mother wants to give me her small rental trailer park and 2 other seperate rental lots. If she gives them to me will I have to pay capitol gain taxes? Only one lot is rented out as she's no longer … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
270 satisfied customers
I am selling my primary residence in state of Washington to
I am selling my primary residence in state of Washington to close April 2013 for 1,076K. I will profit about 500K from the sale. (250K is then exempt from capital gains) I am 60 yrs old. I have a job … read more
JerrySJD
JerrySJD
Attorney-at-Law
Doctoral Degree
14 satisfied customers
My mother-in-law is 83 years old. She has two children and
My mother-in-law is 83 years old. She has two children and 9 grand children. She has a trust for her estate which at this time has an approximate value of $1.75 million, and currently all the assets a… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
270 satisfied customers
My mother passed away May 14, 2011. We ahve sold her house
My mother passed away May 14, 2011. We ahve sold her house in Aurora, Colorado. My mom and dad purchased the home in 1961 for around $20,000. The house was appraise in August 2011 at $115,000 and we s… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 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

704 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