Capital Gains and Losses

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I am selling in September my apartment based in France.
I am selling in September my apartment based in France. Since I am an US resident, I will pay capital gain here in California and Federal Capital gain.Federal is maximum 15% and I know it is dependent… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I am selling my business for 750k and was told that whole
I am selling my business for 750k and was told that whole amount will be 35% … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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I have a question about Capital Gains in 2019... Selling a
Selling a business that I have owned for 10 years. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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I just sold several businesses and have a profit of 5
I just sold several businesses and have a profit of 5 million before taxes, most of which will be considered capital gains. What is my expected tax liability with the new tax law and what investment s… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,014 satisfied customers
Last year we sold my mothers house after she went into the
last year we sold my mothers house after she went into the nursing home. the house was quit claim deeded to me and my brother in 1998 with a life estate. my parents bought the house in 1991. my father… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
Can capital losses from investments (stocks) be used to
Can capital losses from investments (stocks) be used to offset capital gains from the sale of a business?… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
What is the rate of capital gains tax, I am considering
I am considering selling my share of a small business back to the business and retiring (I am 67). I have already had an estimate of how much tax I would have to pay if my share of the company was $400,000 but I would like to know how much this would increase or decrease if the amount is different from $400,000. … read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
I am a small business owner and our state is considering
I am a small business owner and our state is considering legislation to impose a capital gains tax. The legislation provides the following exemption for businesses.: (6) Property used in a trade or bu… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,172 satisfied customers
We are looking at selling our family restaurant this year.
We are looking at selling our family restaurant this year. It is owned by by partners elderly mother . We have been told that capital gains tax for this sale would be 35% if we sold the business before Roma's death. Some one else said 15 %? … read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
I am going to sell my business that I have had for 37 years
I am going to sell my business that I have had for 37 years we are an S corp just my wife and I are owners. Next year when I plan to sell I am curious what capital gains will I suffer… read more
bkb1956
bkb1956
Enrolled Agent, Paralegal
15,052 satisfied customers
If I sell a part of my property and keep my primary home
If I sell a part of my property and keep my primary home attached to the other property to fund my retirement do I have to pay Capital Gains Taxes on the sell of that monies . I am 62 yrs of age and m… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 satisfied customers
Is there an option the gain to the seller of business being
Is there an option for treating the gain to the seller of business being allowed to treat any gain as capital gain. I have such a problem and I have been told the gain can be treated as a capital gain… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,094 satisfied customers
I own a GAS Station in CT. We are planning on selling the
Hello: I own a GAS Station in CT. We are planning on selling the gas station and currently have an offer in hand. I am trying to find out what kind of taxes will we be liable for on the proceeds?… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
my wife and I file joint returns. our app. income for 2014
my wife and I file joint returns. our app. income for 2014 is 235,000.00 I am selling my sub s company stock for app.900,000.00. should I sell in 2014 or wait until 2015 when our income will be app.10… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
We are selling 100 acres of "agricultural use" property. The
We are selling 100 acres of "agricultural use" property. The cost basis on this land is very low. The property was "gifted" to us. We want to use 30% of the money made from the sale to improve another… read more
CGassist.168
CGassist.168
Accountant
5,154 satisfied customers
I'm selling an online business that is an asset of my
I'm selling an online business that is an asset of my S-Corp. I have owned the business for 7 years. The corporation is a delaware corp but the company and the online business I'm selling has been lic… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
How do I figure Capitol gains into a decision price to sell
How do I figure Capitol gains into a decision price to sell my business (property and the restaurant) so I know what I actually will be receiving as a net procceed from the sale?… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
Capital Gains tax, if senior citizens sell their house and
Capital Gains tax, if senior citizens sell their house and move into an apartment, do they have to pay capital gains on the house due to their age 62 & 66? or would this be better, get a home equity l… read more
Bill-the-CPA
Bill-the-CPA
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R. Klein, EA

R. Klein, EA

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PhillipB EA

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