Capital Gains and Losses

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We sold our overseas property and it was our primary
We sold our overseas property and it was our primary residence when we moved to USA. We moved to USA in 2014 and we bought ourhouse in Texas in 2018 . We sold our condo in Turkey this year … read more
emc011075
emc011075
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About the market value of a property who decides how much it
About the market value of a property who decides how much it is worth and how?When it is time to sell, is it the lot and building assessment combine that dictates the value?I am paying and living in a… read more
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Hi, a doubt about the France-USA convention on double taxation. Article 13 says: " Gains from the alienation of real property situated in a Contracting State may be taxed in that State." However, I ha… read more
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I sold a condo (1031 exchange didn't exactly work out this
i sold a condo (1031 exchange didn't exactly work out this time) i will have capital gain. in the same year I bought a different building and put in a lot of capex. say if i have capital gain of 50K, … read more
Robin D.
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My girlfriend is selling her investment condo, and she wants
Hello,My girlfriend is selling her investment condo, and she wants to know if buying half of one of my investment condos would be eligible for the 1031 exchange?She's selling a rental condo that has a… read more
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I wrote books which i self published on amazon.. They still
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1. I will move back into my rental condo. If I live there 2
1. I will move back into my rental condo. If I live there 2 years I can avoid capital gains up to $250,000. Does that include the depreciation write offs I took from 2007 through 2017, can they be avo… read more
Robin D.
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I just recently sold my first house in Westchester N.Y. My
I just recently sold my first house in Westchester N.Y. My lawyer on the deal said I will have to pay the capital gains of 226,000 for next year, I'm single what would be the total dollar amount I wou… read more
Mark Taylor
Mark Taylor
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I am a Canadian Citizen & bought a condo in vegas a few
I am a Canadian Citizen & bought a condo in vegas a few years ago. We are thinking of selling it now & the price has gone up considerably 60%+-. What kind of taxes ?? if any am I going to face if sold… read more
Jason M. Tyra, CPA
Jason M. Tyra, CPA
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Before I married in 2014 I sold my home and didn't have to
Hi, before I married in 2014 I sold my home and didn't have to pay capital gains tax because the gain was less than $250,000. Now this year I am selling my share of a condo co owned with my sister tha… read more
PhillipB EA
PhillipB EA
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I have questions related to moving internationally. i live
i have questions related to moving internationally. i live in NJ now. 1-when i move out of the US, if I keep my LLC (it is in NJ) i will not be considered a resident of NJ for tax purposes because of … read more
Jonathan Tierney
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I just sold a property in NJ and made an $87k profit. Do I
I just sold a property in NJ and made an $87k profit. Do I pay a flat capital gains rate of 30%?… read more
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I am a US-based sole proprietor doing business with an
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capital gains. my mother, who lives in WI purchased a condo in FL. I have been living in it and paying her rent to own. I have almost paid the full balance and we were going to change the title to me.… read more
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I own a condo in Ca. I live (rent apt.) in Texas. I loose $$
I own a condo in Ca. I live (rent apt.) in Texas. I loose $$ every month on my condo. I would like to sell it and buy something in Texas. I have $30,000.00 in credit card debt. I would like to pay off… read more
Arthur Rubin
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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
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I learned that when I open a sole proprietorship abroad, I will have to pay Self Employment tax for its earnings to USA, regardless of I take credit for other taxes I pay to that foreign country (I am… read more
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I am a duel citizen Canadian/USA When I die, in my will any
I am a duel citizen Canadian/USA When I die, in my will any assest I have will be sold and the fund sent to a Canadian Trust for my children (in Canada). Will there be a tax on these funds (approx $10… read more
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