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 a serious capital gains question and don't trust my
I have a serious capital gains question and don't trust my local small town H and R Block people will know how to do this. Can you help me or direct me to a seasoned CPA? Thank you so much … read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,051 satisfied customers
My last return to NJ was resident for 2016. Now I live
My last return to NJ was resident for 2016. Now I live abroad. but my income is below 10K for the year 2017 and NJ rules says I dont have to file below 10K (I had a single member LLC there which I clo… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,167 satisfied customers
G: I had asked about this before but I am not clear about
For Steve G: I had asked about this before but I am not clear about one thing now.. I am a NJ resident. Even if I move and live abroad permanently, i was told before that I am still considered a resid… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
I am a us citizen who moved to abroad recently. i dont know
hi i am a us citizen who moved to abroad recently. i dont know yet if my move is temporary or a very long time or permanent. it depends on my own business plus work situation. i have an LLC on the sid… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
5 yrs ago we sold our home in Massachusetts. purchased a
5 yrs ago we sold our home in Massachusetts. purchased a home in new Hampshire we lived in for 5yrs,this was a secondary residence as we lived in florida 6 months a year. 3 yrs ago we purchased anothe… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,892 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
2,101 satisfied customers
I want to be a New York City resident for tax purposes and a
I want to be a New York City resident for tax purposes and a non-resident obligated to report no income (other than NJ income, of which I have none) to New Jersey. I moved to NYC January 1 into an apa… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
I would like to know the specific capital gains tax rate for
I would like to know the specific capital gains tax rate for selling an online business that I've owned for several years. I only sold the website and all related material used to run the business and… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
HELLO, ASSUMING: MARRIED FILING JOINTLY (HUSB & WIFE ONLY)
HELLO, ASSUMING: MARRIED FILING JOINTLY (HUSB & WIFE ONLY) PURCHASED HOME IN 2000 FOR 300K+100K IMPROVEMENTS TAXABLE INCOME: $60,000 WHAT WOULD BE THE APPROXIMATE 2013 FEDERAL TAX EFFECT IN THE FOLLOW… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
I just sold a property that was rented in another state. It
I just sold a property that was rented in another state. It was one I spent about 3 months out of the year on. I received the check , can I still buy another property and use that money without paying… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
My husband and I are selling our beach house in NJ. He has
My husband and I are selling our beach house in NJ. He has been living in it full time since our separation 3/12. Thinking to file separately this year so he can claim NJ residency for 2012 and 2013, … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
My ex wife and I owned a home jointly and after divorcing,
My ex wife and I owned a home jointly and after divorcing, we both moved out and converted it to a rental property. During that time I handled all income, taxes and deductions on the property as I pai… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
I am an Oregon resident for over 6 years, a Calif. resident
I am an Oregon resident for over 6 years, a Calif. resident prior. I have a 1/36 share (via a sub-S corp.) in some property in Calif., that just got sold with MAJOR cap-gain. How do I apportion the ca… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
Dear Randaltax, As a follow up to my cap gains question I
Dear Randaltax, As a follow up to my cap gains question I would like to ask a follow up. Background: 4 inherited a house FMV $300K at death. Split basis ($300/4)$75K. The house was sold for $370K gros… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
Purchsed shares whilest living abroad (for 7 years as a nom
Purchsed shares whilest living abroad (for 7 years as a nom dom) do I still have to pay UK CGT on any sales I may do now that im back in the UK… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My father just passed away and left his New Jersey home to
My father just passed away and left his New Jersey home to his children. There are three of us and we all live in New Jersey. The house is valued at $350,000 and will sell for same. His other assets t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
I am a Canadian and I have lived in the US with my wife for
I am a Canadian and I have lived in the US with my wife for 4 years. I am currently a green card holder. When we came to the US we owned a property in Edmonton, Canada. Shortly after coming, we purcha… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
My husband and I purchased our cabin 20 years ago and paid
My husband and I purchased our cabin 20 years ago and paid 60,000 for it. Since then we divorced and the cabin because part of my property settlement from our divorce. I just sold it for 120,000 and n… 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

2,101 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