Capital Gains and Losses

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My wife passed away this reR. I sold our primary residence
My wife passed away this reR . I sold our primary residence and took the proceeds to be off the mortgage on a vacation condo which we owned and is now my only residence .what are the tax impacts ? … read more
emc011075
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I am inquiring for my girlfriend, regarding capital gains
Hello, I am inquiring for my girlfriend, regarding capital gains taxes due on her condo that she just sold in Miami Florida.I understand that there could be a break in the capital gains taxes due if t… read more
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I was a joint tenant in Maryland with mom. Mom lived in the
I was a joint tenant in Maryland with mom. Mom lived in the condo. Mom dies in 2013, brother lives in condo too dies in 2014. I sell condo in March 2017. How do I calculate capital gains? … read more
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Chad EA, CDFA®, CFP®
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If we sell our condo in 2018 do the new tax laws increase or
If we sell our condo in 2018 do the new tax laws increase or decrease taxes we would have pain last year with the two of us claiming $250,000 reduction? … read more
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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
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Second opinion] Morningthis year we are selling a $2m beachhome and a $600k other home...how does the irs determing primary residence if its sold in the first 4 months of 2017...do they revert do prim… read more
Lane
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We have a Nevada condo bought for 100,000 (2012) now worth
We have a Nevada condo bought for 100,000 (2012) now worth about 180,000. It is in a trust and rented. We want to sell it and buy another condo for about 140,000. What capitol gains can we expect to p… read more
PhillipB EA
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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.
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Selling house which was a rental. We moved in May 1st 2014
Selling house which was a rental. We moved in May 1st 2014 however our other house which was the Primary house closed escrow May 9th 2014. Do we have to stay here until May 1 2016 or May 9 2016 to avo… read more
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Sold condo in SLC - 5 June 15. Will investing in an
Sold condo in SLC - 5 June 15. Will investing in an airstream trailer all of the profit-as a home fulfill the I RS requirement. Ronald L. Wooden - [email protected] .edu… read more
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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
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My mother purchased a condo in 1979 in her name. She prepared a quit claim deed to my brother and I in 1999. The original purchase price was around 45,000. My mother assumed the original loan at the t… read more
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We owned a property as our primary residence since April 2000
We owned a property as our primary residence since April 2000 until we became snow birds and lived partial year Jan -May of 2009 in our winter home. We lease our former home -2013 and converted it bac… read more
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We have owned our WA house since 1986. My husband got a job
We have owned our WA house since 1986. My husband got a job in CA. He lived there August 2009-February 2015. We bought a condo in CA March 2011 and sold it Sept 2014. (We plan to pay capital gains on … read more
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Were considering selling two homes - our primary residence
We're considering selling two homes - our primary residence and a vaction home. Balance primary $170,000- secondary $283,000. We then will purchase a new primary residence(condo) worth $375,000. Is th… read more
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Hello. My Mother owns a Condo and is planning to sell it.
Hello. My Mother owns a Condo and is planning to sell it. We would like to take the proceeds from the sale of the Condo and build an in-law suite attached to our existing home. How can I avoid a gift … read more
Bill-the-CPA
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Is there any way to avoid capital gains tax on a vacation condominium
Is there any way to avoid capital gains tax on a vacation condominium in Delaware, other than living there for 2 years? We live in Buffalo New York. We purchased this condo in 1997 for $103,000. We ar… read more
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