Capital Gains and Losses

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I am selling my 2nd home in SC and reside in PA..I deducted
I am selling my 2nd home in SC and reside in PA..I deducted mortgage interest for PA state taxes; but since I don't file SC state taxes and did not deduct mortgage interest for SC can I deduct the Int… read more
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If I sell stocks that I have held for 50 years and pay
If I sell stocks that I have held for 50 years and pay federal capital gains tax of 15%, do I also have to pay new york state capital gains tax and if so, how much- any credit for the federal capital … read more
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I live in MD, just sold an investment property in NYC last
Hi, I live in MD, just sold an investment property in NYC last month. I am pre-paying Federal Taxes in installments. What other taxes will I expect to pay when I file for tax year 2018? Thank you in a… read more
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We are getting ready to sell our property in Aurora
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My husband sold s rental house in Texas this year ,500. The
my husband sold his rental house in Texas this year for 47,500. The house was purchased for $40,000 in 1980 and has never been occupied by him. He co-owned the house with family members and the house … read more
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My spouse purchased a farm for $ 64000, then upon our
My spouse purchased a farm for $ 64000, then upon our marriage added my name to the title as joint tenancy. He then died and I am selling that farm for $200000 (in the state of Missouri). How do I cal… read more
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I'm selling an investment property in Colorado ,000.
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My mother immigrated to Canada 20 years ago. She had a property
My mother immigrated to Canada 20 years ago. She had a property in Hong Kong. Recently she passed away, and in her last will it is stated that the real property in Hong Kong will be transferred to my … read more
R. Klein, EA
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I have lived in NV past 12 years (no state tax). I
I have lived in NV for the past 12 years (no state tax). I have a home in CA that I originally purchased in 1977, but have used it as a vacation home for the past 12 years. I sold the vacation home in… read more
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I am a trustee to a trust that consists of real property and
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I inherited property from my mother in 2006 and live there for three years. I am now want
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Has the tax rate for LT capital gains changed for 2014???
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I was given land in 2010 and just sold it (2013). the sale
I was given land in 2010 and just sold it (2013). the sale price (for my part after split with sister) is approximately 160,000.00. I am 71 years old, on Social Security and my income annually is abou… read more
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How much will my mom pay in taxes for selling her home (more details below)? My mom is selling her house in San Diego, CA this year. She used to live there, but she has been renting it to tenants sinc… read more
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I am a senior citizen (77 years old). My taxable ordinary income
I am a senior citizen (77 years old). My taxable ordinary income for 2012 is about $25,000. I have capital gain from a real estate investment of about $130,000 because it was made over 5 years ago. I … read more
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A client buys collector cars. He has records of fees, licenses,
A client buys collector cars. He has records of fees, licenses, original auction costs, and annual maintenance. He sold 2 cars this year (2012). Questions: 1) how are gains and losses treated? 2) what… read more
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Is it true that beginning in 2013 a sales tax of 3.8% will
Is it true that beginning in 2013 a sales tax of 3.8% will be accessed against the sale of a home?… read more
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