Capital Gains and Losses

Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Related Capital Gains and Losses Questions
I purchased a business and commercial property. I had greedy
I purchased a business and commercial property. I had greedy partners and they left me hanging so i am selling the business for $50,000.00 which I purchased for $44,000.00 and then a partner came in w… read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
I working for a new franchise restaurant and the owner and I
I working for a new franchise restaurant and the owner and I have been discussing how will this apply to your taxes?Capital to purchase and run the company came from the owner of $30,000 and $70,000 f… read more
Carter McBride
Carter McBride
LLM
3,140 satisfied customers
We have an SPV(special purpose vehicle) in texas, where we
HIWe have an SPV(special purpose vehicle) in texas, where we dev a renewable project. It is wholly owned by our SPV in Delawear. We have the option to have the delawear SPV to be owned by our Romanian… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
Taxes Specific to Stock Trading called OPTIONS Stock
Taxes Specific to Stock Trading called OPTIONS Stock trading. I am late on 2016 Taxes. I had options trading LESSONS with an Options trading mentor, plus classes and hotel etc associated with my trade… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
Second opinion] My fiance and I started a Non-profit org in
Second opinion] My fiance and I started a Non-profit org in 2014 and paid an attorney to get it all setup with the feds. Well our volunteer bookeeper didnt do a very good job and we lost track of expe… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
7,536 satisfied customers
I have an LLC in NJ which I would like to close. I called
I have an LLC in NJ which I would like to close. I called the state and they said I just go to their website and close it online and that is all. Can there be anything else? Or is it that simple? My L… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
7,536 satisfied customers
Received "Final K-1" forms from Boston Capital Tax Credit
Received "Final K-1" forms from Boston Capital Tax Credit Fund II Series 14 and Series 9. How do I calculate my adjusted basis in these?… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
394 satisfied customers
I'm a retired senior citizen whose primary source of income
Hi, I'm a retired senior citizen whose primary source of income is from investments-- interest, dividends, and capital gains. In that regard, are my health insurance premiums deductible if I do not ha… read more
bkb1956
bkb1956
Enrolled Agent, Paralegal
15,080 satisfied customers
I am going to start a new business this year. To qualify for
I am going to start a new business this year. To qualify for using the resources of a company I have to pay 65,000.00 which includes training, support services and mentoring. It is not a franchise. Cu… read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
I have questions about costs associated with converting from
I have questions about costs associated with converting from LLC to S corporation and costs associated. I also have a question on whether financial losses sustained from a prior business partnership (… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
7,536 satisfied customers
i have an LLC which I only used for having some websites that
i have an LLC which I only used for having some websites that basically generated ad revenue or selling some domains. now i will discontinue that operation. but i like to use my LLC for totally someth… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
Can I enter total loss as income deduction? Do I enter this
Can I enter total loss as income deduction? Do I enter this in schedule C Business Income under General Income?… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
7,536 satisfied customers
I founded an LLC in 2008, for which in 2009 we converted to
I founded an LLC in 2008, for which in 2009 we converted to a C-corp and took investment. I never put cash into the business, but at the time of investment, my shares we worth $224,400. The value undo… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
7,536 satisfied customers
Hello - My wife had $250,000 invested in a company that provided
Hello - My wife had $250,000 invested in a company that provided loans to the long-haul trucking industry. The 250k purchased loans (which my wife would technically then own) which the finance company… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
Tax Question: I received a payout from the sale of a company
Tax Question: I received a payout from the sale of a company that I had share options in as an employee in 2012. The payout moved me into the dreaded AMT bracket as it was large $300,000. The payout w… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
hi, my name is doug. we had a gift store in a retail mall.
hi, my name is doug. we had a gift store in a retail mall. in june the mall management forced us out, because they wanted our space for a national tenant. we had 3 weeks to get all of our inventory ou… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
What is the time line on filing for losses that we have had
What is the time line on filing for losses that we have had on a business we invested in? Thanks, Fran… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
We invested in an LLP $50,000 that used the funds to purchase
We invested in an LLP $50,000 that used the funds to purchase undeveloped land. The LLP owned 49% of the shares and there was another General Partner in the project that owned the other 51%. In the la… 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:

R. Klein, EA

R. Klein, EA

Enrolled Agent

263 satisfied customers

Over 20 Years experience in resolving tough tax cases

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

77 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

< 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