Capital Gains and Losses

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If I sell my house in California and I have capitol gains
If I sell my house in California and I have capitol gains from the sale of the house, how much tax will I owe to feds and state of Ca? I am not planning right away to buy another house, but may in the… read more
Barbara
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I have an investment home. Every month I make an extra $300
I have an investment home. Every month I make an extra $300 payment towards principal in order to accelerate the loan repayment. Now I recently I discovered that when you sell investment home, you wil… read more
emc011075
emc011075
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I am selling a property in wv where I will make approx.
hi,I am selling a property in wv where I will make approx. 100000.do I have to pay capitol gains taxes in wv or federal.It is my primary residence,We are downsizing for retirement.Thanks Don … read more
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Sold a home not primary residence in California. Our primary home is in Nevada. Need to file FEDERAL TAX in Nevada. Also in California. … read more
Lane
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Need information on possible Fed & State taxes due as a result of my home sale. Am in escrow now, but want to make certain I complete the requested paperwork correctly. Facts. 1. Am single and have li… read more
Chad EA, CDFA®, CFP®
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I am preparing to sell two of my duplexes to buy my first
Hello, I am preparing to sell two of my duplexes to buy my first single family home and wanted to get an idea of what my tax consequence would be. I have outlined the properties below for your review.… read more
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My husband died in January. We had a commuter marriage - he
My husband died in January. We had a commuter marriage - he kept an apartment in San Francisco because he worked there four days a week and myself and the children live in Southern California. I sold … read more
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I am selling a 25 acre tract of land that I have had for
I am selling a 25 acre tract of land that I have had for 20years. I bought it for 200.000.00 and am selling it for 400,000.00. I will have a long term capital gain of 200,000.00. how much of that will… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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In the 80s, my father bought a large track of land and last
In the 80s, my father bought a large track of land and last year gave a portion of it to me and my husband. We estimate that portion to be worth about $120,000. He is a contractor and built us a house… read more
Lane
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We are selling our second home (spend 6 months per year) for
We are selling our second home (spend 6 months per year) for the last 5 years plus however not our primary residence. Our second home is in Arizona listed at $269,000. What is the capitol gains tax ra… read more
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We bought a house (2months ago) Nov. 2, 2015 (it is our
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We purchased our current home in 2004 thru a starker like
We purchased our current home in 2004 thru a starker like exchange (rental property to rental property). We moved into this house in 2012 as a primary residence. My husband and I filed taxes jointly a… read more
PhillipB EA
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My wife and I own a vacation home at the Jersey shore. A developer
My wife and I own a vacation home at the Jersey shore. A developer has offered to build a side-by-side(aka twin homes, townhouses, semi-detached homes) in return of the houses. There would be two home… read more
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I bought my home for $32,000 in 1964. I want to sell it for
I bought my home for $32,000 in 1964. I want to sell it for $1.2m. I understand that I have dispensation of $250,000 and I have put over $350,000 of work on the home but don't receipts for all of the … read more
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I am a widower (my wife died 2002), 74 years old and live in
I am a widower (my wife died 2002), 74 years old and live in California. I wish to sell my home and purchase a smaller home still in California. My current home was purchased in 1980 for $165,000 and … read more
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HELLO, ASSUMING: MARRIED FILING JOINTLY (HUSB & WIFE ONLY)
HELLO, ASSUMING: MARRIED FILING JOINTLY (HUSB & WIFE ONLY) PURCHASED HOME IN 2000 FOR 300K+100K IMPROVEMENTS TAXABLE INCOME: $60,000 WHAT WOULD BE THE APPROXIMATE 2013 FEDERAL TAX EFFECT IN THE FOLLOW… read more
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My mother quit claim her houese to me (daughter) after she was in a nursing home with an o
My mother quit claim her houese to me (daughter) after she was in a nursing home with an occuoancy agreement subject to an inclusion within the scope of Linderme vs Commisioner. Several years later, i… read more
FredStevens
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How would my capital gains tax be computed on this senerio Vacation
How would my capital gains tax be computed on this senerio: Vacation home purchased in 1995 for $179,000 - my spouse and I own 2/3 personally and a friend if 1/3 personally. This home was destroyed by… read more
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jgordosea

jgordosea

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Shane-CPA

Shane-CPA

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R. Klein, EA

R. Klein, EA

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