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 capital gains questions. A home. Acquired 1999
i haven't lived in the home for 6 years, it's in Nevada. I now live in NYC, but my husband is moving to Columbus, OH for work before the sale closes. I will be in NYC until next summer after school gets out.… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
1,092 satisfied customers
I live in Canada. I owned raw land in Israel that was gifted
I live in Canada. I owned raw land in Israel that was gifted to me by my late mother in 1994 when she was still alive. I just sold that land. Is the Israeli lawyer who handled the transaction for me r… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,063 satisfied customers
Well...asking on behalf of my brother. He bought a lot 220'
Well...asking on behalf of my brother. He bought a lot 220' x 150' from my parents back in 1997. The value of the property listed on the Land Transfer Tax was $1.00 - I assume "for natural love and af… read more
HowardD414
HowardD414
ATTORNEY/CPA
LLM
124 satisfied customers
I hope you can help me. I've been doing taxes for years but
I hope you can help me. I've been doing taxes for years but little experience with capital gains as related to business property. Cost basis is about $299K. Property bought in 2007 and sold 2019 for $… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
3,053 satisfied customers
My landlord wants to buyout my rent controlled apartment
Hello my landlord wants to buyout my rent controlled apartment that has been in my family for about 50 years and I have lived personally for 30 years. If I use the money to buy a new home how would I … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,526 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
8,866 satisfied customers
Sold our business property in April of 2014. We held
Sold our business property in April of 2014. We held personally held the mortgage contract. Current principle balance was $494,000. We have been paying small capital gain amounts on our personal incom… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,141 satisfied customers
How can I reduce capital gains tax on commercial property?
how can I reduce capital gains tax on commercial property? (apartment building) New York State … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I inherited 60 acre farm from my father 2010. I sold that
I inherited 60 acre farm from my father 2010 . I sold that property 2016. I do not know the valve of the property when he passed. I think I will have to pay gain only . … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
My son who currently lives in Poland, received $220k from his
My son who currently lives in Poland, received $220k from his grandfather's estate three months ago. It was deposited directly into his bank account by his Aunt (the executor). At that time he signed … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,866 satisfied customers
How do you compute capitol gains on a rental property sale
how do you compute capitol gains on a rental property sale where land is valued at 28% of property and land at 72%?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,866 satisfied customers
A parent sold a commercial building which was held in an llc
a parent sold a commercial building which was held in an llc to their child. The parent purchased the property for 100k and sold it to the child several years later for 40k. in the time the parent own… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
My brother and I own two businesses together. We are the only
My brother and I own two businesses together. We are the only stockholders in the corportions. We are not wanting to be in business together any longer. One is a mobile home park and one is timberland… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Hypothetically, If I was a silent partner in the purchase of
Hypothetically, If I was a silent partner in the purchase of a commercial property, and if that property is sold where would I calculate my share from? Would it be from the capital gain of that proper… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,866 satisfied customers
I might sell a commercial building for $900,000.00 and I would
I might sell a commercial building for $900,000.00 and I would like to know what the capitol gains tax would be? My Dad left this building (3 units include 1 apt & 2 office units) to my 2 sisters and … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
My brother and I are considering accepting an offer on a small
My brother and I are considering accepting an offer on a small piece of property(about 1/5 of an acre) on which several cell tower companies are located. We have been receiving rent of around $1,500 a… read more
FredStevens
FredStevens
Accountant
Bachelor's Degree
37 satisfied customers
Received a gift of stock in 2009 from my father. Par Value
Received a gift of stock in 2009 from my father. Par Value at time of transfer was $10k. I understood that it was permissible to gift $13k n 2009 without a tax event. I sold the stock the same year fo… read more
FredStevens
FredStevens
Accountant
Bachelor's Degree
37 satisfied customers
I am trying to determine net profit on the sale of a commercial
I am trying to determine net profit on the sale of a commercial building with rental income that was held for 3 years. We are defining profit as income minus expenses, with income being the sales proc… read more
Bill-the-CPA
Bill-the-CPA
Certified Public Accountant (CPA)
Master's Degree
55 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

3,161 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

86 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

271 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