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 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
8,372 satisfied customers
We bought a foreclosure with my husband in the Dane county,
We bought a foreclosure with my husband in the Dane county, we are planing to sale the condo in 2 3 months (we only have possession of this condo for 2 3 months), we will probably have a profit of 30 … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,048 satisfied customers
Example: Ana purchased a condominium in Chicago in 2013.She
Example: Ana purchased a condominium in Chicago in 2013.She moved with her boyfriend in 2014 and rented her condo to somebody else since.So she only occupied the unit as "owner occupied" for 1 year. S… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I own a two family house for many years. If I convert it to
I own a two family house for many years. If I convert it to condominiums, can I sell mine, move into the rental unit, live there for 2 years and sell it w/o capital gains tax based on the original cos… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I am a Canadian citizen who sold a condominium purchased in
I am a Canadian citizen who sold a condominium purchased in '94 in '16 with a capital gain of $23,202.50: the Condo was owned jointly by my wife who also has a capital gain of $23,202.50..this is our … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,048 satisfied customers
My sister brother and myself inherited a house from our
Hello, My sister brother and myself inherited a house from our mother. It was appraised at that time at 620,000.00. we used it as a rental for several years. A few years back we had it appraised $540,… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,372 satisfied customers
I want to sell some land in North Carolina that is part of a
I want to sell some land in North Carolina that is part of a farm. When I inherited it fifteen years ago it was valued at twenty thousand dollars. It's tax value now is forty five thousand dollars. A … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,372 satisfied customers
I am in colorado and i am single I purchased my town home in
I am in colorado and i am single I purchased my town home in 2012 for $45,500 I lived in home for 1 year rented home up until now. I am selling my property in July 2016 for $175,000. Can you provide a… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,372 satisfied customers
I am selling a rental real estate property and the closing
I am selling a rental real estate property and the closing will take place in January 2016. My profit will be approximately 100K. I have owned the property for 13 years and have taken the depreciation… read more
Jonathan Tierney
Jonathan Tierney
MBA
664 satisfied customers
I have rental property in Richmond, VA. I m 73 living in NC.
I have rental property in Richmond, VA. I m 73 living in NC. Do I have to pay tax. If so how do I reduce the amount. Selling this year $125,000… read more
CGassist.168
CGassist.168
Accountant
5,142 satisfied customers
I was wondering if I sell the house I presently live in do
I was wondering if I sell the house I presently live in do I pay capital gains taxes. Also how long do I need to live in the house. Also can I write off for tax purposes fixing and advertising the hou… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,070 satisfied customers
I would like to know the specific capital gains tax rate for
I would like to know the specific capital gains tax rate for selling an online business that I've owned for several years. I only sold the website and all related material used to run the business and… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
Hello,I have bought a condominium here in Florida on Oct
Hello, I have bought a condominium here in Florida on Oct 27th 2011,now my husband has asked for a divorce and we will sell the condo. If I sell the condo before Oct 27th do we have to pay capital gai… read more
bkb1956
bkb1956
Enrolled Agent, Paralegal
14,994 satisfied customers
I am an retiree, and am have a rental house and planning to
I am an retiree, and am have a rental house and planning to sell the house to move to another country, do I have to pay any capital gain on the house after I sold it?… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
we are liquidating apartments and commercial space in a building
we are liquidating apartments and commercial space in a building which we completed the construction of in 1983 and formed a condominium, We have held these apartments in condominium form and rented t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
What is the capital gain tax on selling a secondary home. never
What is the capital gain tax on selling a secondary home. never lived in it, we took ownership from a parent when it was about to be foreclosed on about 15 years ago. He is deceased and we want to liq… read more
CGassist.168
CGassist.168
Accountant
5,142 satisfied customers
I own a NYC Taxi Mediallion. Paid $60,000.00 in 1984. It is
I own a NYC Taxi Mediallion. Paid $60,000.00 in 1984. It is now wothh $650,000.00 I won a condominum in NYC, paid $175,00 and have lived in it over 6 years. I am selling it for $540,000.00. I am retir… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
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
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 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