Capital Gains and Losses

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I am inquiring about the capital gains exemption when
I am inquiring about the capital gains exemption when selling a house. More specifically if I am a member of the foreign service can I still use the suspended time and test time of total 15 years if m… read more
emc011075
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Hello. Don purchased 42 acres of land in 1991 and built a home on it in 1997. Jointly, we purchased 58 acres of adjoining land in 2000. We married in 2001. We took permanent residence in 2005. Don die… read more
Lev
Lev
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I will be selling my home in Michigan in early 2021. How do
I will be selling my home in Michigan in early 2021. How do I know what my capital gains taxes will be? My husband and I purchased our home in 1987 and made many improvements over the years. … read more
bkb1956
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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
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Our Revocable Living Trust was granted a vacant parcel of
Our Revocable Living Trust was granted a vacant parcel of land, which being the remnant of our great grandfather's farm (in NC), became land-locked by other development and infrastructure. As the parc… read more
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Im selling a property for. Bought a rental property for
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emc011075
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These are complicated tax questions and I am willing to pay a bonus/tip agreed on price for a discussion regarding my research.TAX PLANNING AND ESTATE QUESTIONS Person A purchased 10 apartment complex… read more
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I am trying to perform a 1031 exchange on a rental property
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TaxRobin
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Want to sell a commercial property for $1,499,999 that my
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taxmanrog
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My parents (80 and 84) inherited a home when my sister died
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My 90 year-old dad has owned his home for 61+ years. My 56
My 90 year-old dad has owned his home for 61+ years. My 56 year-old brother, who has a long term separation from his wife, has lived in the house with dad for 18+years. Dad has Alzheimer's and we fina… read more
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Re: selling land that was GIFTED Facts: The husband was
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I'm a real estate agent in Texas and I have a a married
I'm a real estate agent in Texas and I have a a married couple 67 years old each retired on a very fixed income. They inhearted a vacant piece of land back in 1985 and we have found a buyer. They are … read more
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I have questions about costs associated with converting from
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I have a low-income housing project that I built and placed
I have a low-income housing project that I built and placed in service in 1982 with one other partner, no corporations or other entities are involved. The project was depreciated under a 15 year SL AC… read more
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My husband passed away in 2011 - I sold our lake cottage in
My husband passed away in 2011 - I sold our lake cottage in July of 2012 - How do I figure capital gains? Do I subtract the price we paid for the land in 1970 from the price I sold it for? Then, subtr… read more
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