Capital Gains and Losses

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I have purchased my house back in the 2006 for 350 k and
Hi .. I have purchased my house back in the 2006 for 350 k and sold it in 2020 for 377 k. Over the years I did repair my house and repairs are notched in my taxes. However I did not included all my ho… read more
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I own two mobile homes one for 10 years the other for 1year 3 months. I sold the one year one for 298k and bought another for 275k and put in 20k in improvements this year. That will be claimed for 20… read more
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I bought a second home in January of 2018. It was my
I bought a second home in January of 2018. It was my mother's home she went into a nursing home. I bought it for $156,000. I sold it in December of 2020 for $255,000. Do I have to pay capital gains ta… read more
JeffS6413
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My wife inherit a house in Accra, Ghana and we're selling it
My wife inherit a house in Accra, Ghana and we're selling it for 8,000,000 she live there for 2 years . Do we have to pay tax's there and here in United States and pay Capital gains? … read more
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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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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
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If I sell a house and use all the money to buy a new house
If I sell a house and use all the money to buy a new house do i have to pay capital gains tax? … read more
TaxRobin
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My husband received a job promotion June 2018 that moved our
My husband received a job promotion June 2018 that moved our family From TX to LA. One year later the company realigned the regions and moved us back to TX. We bought our house for $510 last year, but… read more
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I need to talk to a person who knows Colorado law. We are
I need to talk to a person who knows Colorado law. We are looking at selling a rental house in Boulder County and want to use part for a new primary residence ($200k) and part to reinvest. Thinking of… read more
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I sold a second home and reinvested part of the money in a
I sold a second home and reinvested part of the money in a new home. Will I owe capital gains on the $80,000. … read more
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We sold our home in state for 875,000. this home was
we sold our home in washington state for 875,000. this home was inherited and was appraised at 497,000 when myself and my two sibling inherited it. my brother and sister and i had a written agreement … read more
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I placed my primary residents in a irrevocable trust, the
i placed my primary residents in a irrevocable trust, the trust sold the house and purchased another residents for my wife and i. the new was less and the extra money was place into a trust account, a… read more
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I am a widower sold my house in california moved to florida
i am a widower sold my house in california moved to florida how much time do i have to reinvest my gains and how will my gains be taxed… read more
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My husband and I are both on social security and our income
My husband and I are both on social security and our income is not currently taxable income. We are selling our house after only 19 months for a gain of about $34K. How long do I have to reinvest that… read more
Stephen G.
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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
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We purchased a home in July of 2011. The home purchased was
We purchased a home in July of 2011. The home purchased was a foreclosure. We decided to keep the home we previously lived in and gift it to our Daughter and Son-in-law. They have decided to move out … read more
Megan C
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We have lived in current home for 7 years however it was originally
We have lived in current home for 7 years however it was originally purchased by my sister. We lived together for 4.5 years before she married and moved into her own home elsewhere. I have continued t… read more
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We live in PA and sold our house last year (2011) and are currently
We live in PA and sold our house last year (2011) and are currently searching for a new home. What must we spend on the new property in order to avoid capital gains taxes? Is it the money actually rec… read more
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