Capital Gains and Losses

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I sold my home in Dec 2020. I had previously rented out a
Second Opinion] I sold my home in Dec 2020. I had previously rented out a portion of my home and claimed depreciation on my taxes. Now it is a short-term capital gain. Do I have to pay IRS the whole a… read more
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I am trying to access my potential tax liability. I sold a
I am trying to access my potential tax liability. I sold a property I held for 18 years in California for $540,000 after commissions etc. My cost basis was about $100,000 after deducting the depreciat… read more
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I have a couple of questions: I have lived in my Condo for 2
I have a couple of questions: I have lived in my Condo for 2 yrs and 10 months. I plan on renting it out while I leave the country for 3-5 years for work. If I sell it within 3 years, can I keep the c… read more
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Hello, My husband and I bought and closed on a house on 12/22/2014. We then sold it and closed on 6/11/2018. During that timeframe we lived there as our primary residence with the exception of 9 month… read more
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I am a realtor. I have a client that owns 2 individual
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We bought a house on the water in Maine in June 2008 for
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If I sell my rental that has 33,000 depreciation I know will be taxed on this plus any profit, but will this 33,000 be included as income? I only make 39,000 a year. Will it make my income for 2015 no… read more
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