Capital Gains and Losses

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

Connect one-on-one with {0} who will answer your question

Related Capital Gains and Losses Questions
My Mom had a life estate on her house and the house became
My Mom had a life estate on her house and the house became mine upon her death. I have since sold that house. Now, I am in the process of selling my primary residence. I purchased the house in 1977 jo… read more
PDtax
PDtax
Owner
Master's Degree
6,509 satisfied customers
My husband is executor of his mother's estate (in Texas).
My husband is executor of his mother's estate (in Texas). Probate was open in 2019. He has an EIN. Notice was posted to debtors. He finalized debts with creditors. He submitted a 1040-SR last tax seas… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,369 satisfied customers
I gave my Husband $233,000 of the Capital Gains Profit. His
I gave my Husband $233,000 of the Capital Gains Profit. His income is $13,000 a year so he is exempt from paying Capital Gains due to his Low Income. Is this Correct since his Income is less than $40,… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,369 satisfied customers
I have a serious capital gains question and don't trust my
I have a serious capital gains question and don't trust my local small town H and R Block people will know how to do this. Can you help me or direct me to a seasoned CPA? Thank you so much … read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,979 satisfied customers
I have been divorced for 3 years. Our divorce decree
Hello, I have been divorced for 3 years. Our divorce decree requires we sell several properties. Our divorce decree says NOTHING about who will take capital gains or capital losses from the properties… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,803 satisfied customers
Owned rental property 19 years with two (silent partners)
Owned rental property 19 years with two (silent partners) relatives. Sold rental SEP 30. I am listed as owner. Lawyer of person who bought my 50% share ran the show. They said that the only way it can… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
000 after remaining mortgage paid. What is capital gains?
000 after remaining mortgage paid. What is capital gains? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,979 satisfied customers
My mother quit claimed her home to my sister and myself 9
My mother quit claimed her home to my sister and myself 9 years ago with the stipulation that she could live there until she passed away. She passed away in April and we just sold the home for $253,00… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,549 satisfied customers
My husband and his mother (now 80) were both on the deed for
My husband and his mother (now 80) were both on the deed for the family home in Alamosa, Colorado where she resided. She has been in assisted living for 3 mos. now. On advise from family they took her… read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,979 satisfied customers
I have a question for a tax professional who is familiar
Hi, I have a question for a tax professional who is familiar with capital gains and family law.My ex husband and I got divorced in 2009, amicable divorce. When married we purchased a house in 2004 for… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I live on 10.63 acers of land it's 150ft wide and goes way
I live on 10.63 acers of land it's 150ft wide and goes way back.my neighbor wants to buy up to 5 acers of the back half of my property which it is connected to his so it would just make his land bigge… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
This question is related to tax consequences of foreclosure,
This question is related to tax consequences of foreclosure, short sale, and deed in lieu. (all numbers rounded but are very close to actual) Home Purchased in 2006 for $700,000 with a 20% down paymen… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,803 satisfied customers
I own a rental house, Camino Del Cielo, that we purchased as
I own a rental house, Camino Del Cielo, that we purchased as a primary residence in 1997 for $178k. In 2004 we refinanced with an equity line instead of a regular mortgage that ex husband put on the p… read more
taxmanrog
taxmanrog
Master's Degree
2,202 satisfied customers
I own a home with 3 sisters, and we keep it open year round
I own a home with 3 sisters, and we keep it open year round and use it as we wish. However, my other residence with my husband is a rental. My drivers license etc. is at my rental address. The house b… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
How does capital gains and losses apply to home that was sold
How does capital gains and losses apply to home that was sold in a short sale? I went through a divorce and ex set it up so there would be unbeleiveable loss on the home. After the back taxes and a li… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
My ex husband bought our house in 1993 for 450. Loan was for
My ex husband bought our house in 1993 for 450. Loan was for 325. It was in his name only until 2003, when we refinanced for 425 in both names. In 2004, we got divorced and I had to buy him out for ex… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
my father bought his house in 1970 for 18000 dollars with him
my father bought his house in 1970 for 18000 dollars with him and my mother on the deed. in jan 2012 my mother set up a trust that the house was ours but she could live here unil she died, three weeks… read more
JerrySJD
JerrySJD
Attorney-at-Law
Doctoral Degree
14 satisfied customers
Capital Gain question My sister and I were on a deed for a house in our names and th
Capital Gain question: My sister and I were on a deed for a house in our names and then we put the house into my name and my husbands name through a quitclaim deed in consideration of $1.00. My husban… read more
LawTalk
LawTalk
Attorney at Law
Juris Doctor
3,071 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:

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

86 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

R. Klein, EA

R. Klein, EA

Enrolled Agent

271 satisfied customers

Over 20 Years experience in resolving tough tax cases

< 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