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 mom put her house in mine and my sister's name several
My mom put her house in mine and my sister's name several years ago, (so it is gifted?) we have just sold her house and I am selling my house, and are presently building a duplex condo in a over 55 co… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
My mother just sold her house that is out of state, I am on
My mother just sold her house that is out of state, I am on the deed to the house, in order to defer the taxes at this time can the money check be made payble to me and I set-up an IRA account? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,631 satisfied customers
If parent/50% property owner partner passes away; if I sell
If parent/50% property owner partner passes away; if I sell the property we own, before she passes away,(DOD) but in the same tax year, Does she still have to pay the taxes associated with the sale? J… read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,631 satisfied customers
My mother is selling her house in calif. I would like an
My mother is selling her house in calif. I would like an estimate on her caoital gains tax, She is selling the home for $475000 she bought it for $25000 the realtor fees are $30000. My father passed i… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
Example: Ana purchased a condominium in Chicago in 2013.She
Example: Ana purchased a condominium in Chicago in 2013.She moved with her boyfriend in 2014 and rented her condo to somebody else since.So she only occupied the unit as "owner occupied" for 1 year. S… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,549 satisfied customers
My mother in law has stock in a company that went public in
my mother in law has stock in a company that went public in 2013 she has been retired and other than va income and ss income in 2015 ( less than 35000 has not filed tax returns in years. this stock is… read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,631 satisfied customers
My mother is selling her house. She is 81. She lived in the
Hello, My mother is selling her house. She is 81. She lived in the home 12 years. It was her only residence. 2 years ago, March 2014 she had a stroke and had to move in with me. She could no longer dr… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
9,521 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.
Financial Advisor
Bachelor's Degree
9,521 satisfied customers
Enrolled Agent or US Income Tax-specialist CPA I have two
Enrolled Agent or US Income Tax-specialist CPA I have two tax clients, a mother and a son. Both own at least one residential rental property. During 2014, the mother sold to the son one of the rental … read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
9,521 satisfied customers
In 2014 my wife sold a second property (not our primary residence)
In 2014 my wife sold a second property (not our primary residence) for $454K that she had allowed her mother to live in for 14 years without paying rent (my wife never lived there). She sold it for a … read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
85 satisfied customers
We built our home on our land & lived in the home full time
We built our home on our land & lived in the home full time as our permanent residence for almost 11 consecutive years. We decided to rent our home to a perspective interested potential buyer mid-2014… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
9,521 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.
Financial Advisor
Bachelor's Degree
9,521 satisfied customers
I have questions regarding a pending sale of property--its
I have questions regarding a pending sale of property--it's a commercial property in California held by my mother's trust. Escrow is scheduled to close on about 12/2/13, with a purchase price of $525,… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I have two questions regarding estimated capital gains taxes
I have two questions regarding estimated capital gains taxes for Federal and California: My mother sold some real property in August, valued at around $500K, that she had owned for over 20 years. Her … read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
A close relative living in the US is selling property overseas.
A close relative living in the US is selling property overseas. She will be declaring the sale on her US tax return for 2013, and then gifting the proceeds to me in 2014. I understand there is a once … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I am a greencard holder and will be selling property in a foreign
I am a greencard holder and will be selling property in a foreign country. I will have to pay tax in that country. Do I also have to pay tax again here in the US? since I've had the property for a lon… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,549 satisfied customers
Q.1 Do J&R qualify for the one-time $500K capital gains exclusion?
Q.1 Do J&R qualify for the one-time $500K capital gains exclusion? J&R are a married couple who file jointly: both are U.S. citizens and residents. In 2000, J&R purchased 66L (a condo in NYC), and liv… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,872 satisfied customers
My mother quit claim her houese to me (daughter) after she was in a nursing home with an o
My mother quit claim her houese to me (daughter) after she was in a nursing home with an occuoancy agreement subject to an inclusion within the scope of Linderme vs Commisioner. Several years later, i… read more
FredStevens
FredStevens
Accountant
Bachelor's Degree
37 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

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