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
Do you have people that can help with clergy/pastors? My
Second Opinion] Hello. Do you have people that can help with clergy/pastors? My taxes are intricate and I don't want to keep doing them myself. I also have a capital gains situation from this last yea… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
I am selling my home and my 15% rate will be 45k. I need to
I am selling my home and my 15% rate will be 45k. I need to know specifically what I can do to hedge thru expenses etc. I have some knowledge but would prefer … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,424 satisfied customers
Sold the house for $456,000 I believe I can claim 250 exempt
Sold the house for $456,000 I believe I can claim 250 exempt for capital gains just need to make sure that I am responsible for $206,000 to pay taxes on it 3.33 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 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
21,317 satisfied customers
I have large capital losses for stocks on my taxes which I
I have large capital losses for stocks on my taxes which I was writing off 3000 per year which will continue for years to come. With Trumps new 12000 maximum deduction, the write off does not save me … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,240 satisfied customers
I live in Rhode Island and so did my 91 year old Mother. She
I live in Rhode Island and so did my 91 year old Mother. She just sold her home in May. My name as well as my brothers, sisters and of course my Mothers name was on the deed at the time of the sale. M… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,680 satisfied customers
Years ago my brother, sister and I inherited a piece of
Years ago my brother, sister and I inherited a piece of property from our parents. The value at that time was assessed I believe at $200,000. We added a new $40,000 roof, did Phase 1 and 2 (whatever t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
My son purchased a home for $265,000 for my wife and me, as
My son purchased a home for $265,000 for my wife and me, as we were unable to get a loan following a short sale. We put up the down payment and made the monthly mortgage payments. After 3 years we wer… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
In consideration of capital gains taxation on sale of
In consideration of capital gains taxation on sale of inherited land which has been only modestly over the yrs with erection of two rustic buildings - the assessed value in 1965 seems quite low, resul… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
Can I use nol to pay capital Gaines from last year, I had a
Can I use nol to pay capital Gaines from last year … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,680 satisfied customers
We own a small motel and live on site we do not have any
we own a small motel and live on site we do not have any employees we run it all our selfs it has been our primary residence what kind of capital gains would we have to pay if we sold we have been her… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,779 satisfied customers
Years ago, sold primary resident. Shortly after, paid cash
Years ago, sold primary resident. Shortly after, paid cash for small house ($280,000). Used house as rental shortly after purchase. Few years later, divorced. I got small house (rental) and financed $… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
Sale of real estate for $1,500,000.00 tax consequences
sale of real estate for $1,500,000.00 tax consequences amount to avoid paying a high taxe rate.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
I own a GAS Station in CT. We are planning on selling the
Hello: I own a GAS Station in CT. We are planning on selling the gas station and currently have an offer in hand. I am trying to find out what kind of taxes will we be liable for on the proceeds?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
What percentage of taxes do I have to pay on the sale of my
what percentage of taxes do I have to pay on the sale of my second house which I rent. The house owes $143,000 and I'm selling it for $170,000.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,558 satisfied customers
We sold our mothers home after she died. The home was in the
We sold our mothers home after she died. The home was in the names of the four children. She gave over the deed years ago and just lived in the house. After her death the house sold for $95,000. We di… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,240 satisfied customers
I am a part of an LLC. We just sold the only property that
I am a part of an LLC. We just sold the only property that the LLC owned. We made a profit of approximately $16,000 and we are trying to decide the amount we should be saving in anticipation of the ca… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
Will my rental property business have to pay capital gains
Will my rental property business have to pay capital gains this year on the rental properties I sold, when the total proceeds went to the bank to payoff commercial loans? We did not receive a dime for… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 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