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
I have a carry forward tax question. I have been married for
I have a carry forward tax question. I have been married for 5 years and I am in a divorce waiting on the court date. I plan on filing without her as an individual for 2019. Can she access my carry fo… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,422 satisfied customers
Tax return amendment: I need help understanding how to carry
Tax return amendment: I need help understanding how to carry back/carry forward additional losses / NOL from a Ponzi scheme theft loss reported in 2016. … read more
PDtax
PDtax
Owner
Master's Degree
5,780 satisfied customers
I'm back. On April 5 in our conversation, you said that the
I'm back. On April 5 in our conversation, you said that the trust should "enter the capital loss on 1041 K-1, line 4a.....check the box on the form to show this is not the final K-1." I was thinking t… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
Crops is not IRD after the farmer passes, but I am unsure
Crops is not IRD after the farmer passes, but I am unsure how to report this income and the stepped up basis on both the 1041 and then the 1040 of the wife after the estate closes?… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
8,238 satisfied customers
My husband died in July 2016. I have always filed our
My husband died in July 2016. I have always filed our returns using TurboTax. I have all of his forms, so that's no problem. However, he left a lot of penny stocks that I've found are worthless. Being… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
I'm working on my late mother's trust taxes (1041) and I
I'm working on my late mother's trust taxes (1041) and I don't quite understand how a capital loss is distributed to beneficiaries. With the sale of some mutual funds and her home there is a overall c… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,217 satisfied customers
I received a 1099 div on my fathers estate in april 1 2016
I received a 1099 div on my fathers estate in april 1 2016 the estate was closed 12-24-2015..these particular stocks were finally turned over to my brother on jan 6 2015 due to his totally incompetenc… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
84 satisfied customers
I have a very large loss of about $500K of coins stolen by
I have a very large loss of about $500K of coins stolen by my X girlfriend this year. I have a police report of the crime. I am thinking of selling a real estate property. is the capital gain from the… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
My uncle's Estate sold s house last year. The sales
My uncle's Estate sold his house last year. The sales agreement required us to renovate the driveway. That expense would normally be applied to the cost basis; however, we didn't get it finished durin… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,151 satisfied customers
I have capital gains loss carryover from 2014. In 2015 I
I have capital gains loss carryover from 2014. In 2015 I lived in 3 states. How do I apply to my state returns, anyway I want? Since there is no transaction date in 2015, not sure how timing works.… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,666 satisfied customers
My wife and I bought a house in CA in 2002 for $1.45M, and
my wife and I bought a house in CA in 2002 for $1.45M, and held title as joint tenants. My wife died in 2006, and I became sole owner, and the house was reappraised for the occasion at $2.1M. So, firs… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,892 satisfied customers
This question is, tax advisor. My daughter who is 22 has
This question is for Lev, tax advisor. My daughter who is 22 has about $500 earned income, $4000 dividend income. I have substantial earned income and substantial dividend income. I plan to declare $3… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,217 satisfied customers
I live in California. We file a joint return. My wife has
I live in California. We file a joint return. My wife has considerable capital gain to report. I have been sitting on about $165K of capital loss if I sell a worthless stock (TSTC), and I have been si… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
We have owned our WA house since 1986. My husband got a job
We have owned our WA house since 1986. My husband got a job in CA. He lived there August 2009-February 2015. We bought a condo in CA March 2011 and sold it Sept 2014. (We plan to pay capital gains on … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I am going through a divorce. Up to 2011 we filed joint taxes.
I am going through a divorce. Up to 2011 we filed joint taxes. On the 2010 tax year Schedule D had over two million with a loss of -7081 for 2010. The CPA is now saying on my husbands behalf that he h… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
84 satisfied customers
My wife and I are getting a divorce. We have a rental property
My wife and I are getting a divorce. We have a rental property that she will be taking and moving into. We have filed joint taxes since we were married and have a $28,000 passive carryover loss associ… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,666 satisfied customers
I have file joint tax return with my husband for 12 years and
I have file joint tax return with my husband for 12 years and he passed away last year. We have NOL carry forward. My question is: after this year his final return, can I still carry those unused NOL?… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
My wife and I got married in 2010. She had a $10,000 loss
My wife and I got married in 2010. She had a $10,000 loss carryover on her 2009 federal tax return. We filed a joint tax return for 2010 but we didn't claim her loss carryover for 2010. Can we use her… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 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

84 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

269 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