Capital Gains and Losses

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Related Capital Gains and Losses Questions
Is capital gains applicable if a homeowner has owned their
Is capital gains applicable if a homeowner has owned their land for 30 years and currently live in a home on the property and wants to build another home on the same property then possibly sell it? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I'm a builder here in Oregon an I am currently building a
I'm a builder here in Oregon an I am currently building a home which I am self performing about 35% of the overall work. The home was intended to be for us, our primary residence, but we are thinking … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I bought property two years ago and now I decided to build
I bought property two years ago and now I decided to build on it and sell it. Will that be a capital gain or ordinary gain? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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We have a four person LLC that only owns one commercial
We have a four person LLC that only owns one commercial building. The building is fully depreciated. It is leased to a good tenant. The market value is about $800,000. The rent is $9,000 a month. The … read more
JeffS6413
JeffS6413
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We're about to final a home sale in Calif. We bought the
We're about to final a home sale in Calif. We bought the land in 1983 for $360,000 (51 acres). We built a small home and lived in it for 6 years while we built a larger home, finaled in 1990. It is 45… read more
Lev
Lev
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We purchased a property in Riverside California 14 years ago
Hi, We purchased a property in Riverside California 14 years ago for $400,000 that we use as a construction yard but it also has a house on it that we rent out. We spent only about $7,500 in upgrades … read more
PDtax
PDtax
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We sold 1.8 acres with our horse barn on the property. We
we sold 1.8 acres with our horse barn on the property. We had owned the property for 20 years. We had quite an investment in the barn. The new owner had it appraised so he could have it insured, total… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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If I sell a small office building and had used straight line
If I sell a small office building and had used straight line depreciation is there any unrecaptured 1250 gain? Wouldn't all the profit be a 1231 gain at 15%? … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I sold my accounting business in last year I started 20
I sold my accounting business in last year I started 20 years ago and built my business for 20 years Selling price include all my client's files and furniture and equipments When I report selling busi… read more
Stephen G.
Stephen G.
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In 2017 I am considering selling a rental property that I
In 2017 I am considering selling a rental property that I have owned since 1989. Used as my primary residence from 1989 through 1999, then rental property from 2000 to the present. I have been depreci… read more
emc011075
emc011075
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Can I give $400,000 of profits from property sale to builder
Can I give $400,000 of profits from property sale to builder to hold as contingency and avoid capitol gains tax?… read more
Mark Taylor
Mark Taylor
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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
Lane
JD, MBA, CFP, CRPS
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We represent an investor in real estate and we are trying to
We represent an investor in real estate and we are trying to develop a capital gains strategy. He is buying a residential lot, tearing down the existing house, and building a substantially larger hous… read more
Lev
Lev
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Bachelor's Degree Equivalent
41,583 satisfied customers
I sold I store last year and reinvested the money into a new
I sold I store last year and reinvested the money into a new house last year do I have to pay capital gains on the money I made above what we paid for the store since I reinvested back into a home… read more
Robin D.
Robin D.
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23,914 satisfied customers
My mother is 98 years old, has dementia, and is living in a
My mother is 98 years old, has dementia, and is living in a rural Colorado skilled nursing facility. She has social security, some help from a long-term care policy, and is self-paying due to the sale… read more
R. Klein, EA
R. Klein, EA
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Master's Degree
271 satisfied customers
Investment property more than one year. Property bought in
Investment property more than one year. Property bought in oct 2013, demolished in May 2014 under construction in since jun. If I sell in march or April of 2015 , what is the impact on capital gains. … read more
Stephen G.
Stephen G.
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Bachelor's Degree
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In my case, is profit on sale of improved real estate a capital
In my case, is profit on sale of improved real estate a capital gain or ordinary income? I bought a lot for investment purposes and two months later decided to build a home on it for sale following co… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 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
271 satisfied customers
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