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 purchased my first rental property in Toronto last year.
I purchased my first rental property in Toronto last year. My parents put down half of the down payment. The property was 100% under my name. We verbally agreed that we would split 50/50 for all profi… read more
AndrewD914
AndrewD914
Client Services Professional
Bachelor's Degree
191 satisfied customers
My husband bought a house in 2003. He and his mother lived
Hello. My husband bought a house in 2003. He and his mother lived there until 2007 when my husband moved out. His mother continued living there until just recently. We are considering either renting o… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,527 satisfied customers
LAW/LEGAL question: I have been living with my boyfriend in
LAW/LEGAL question: I have been living with my boyfriend in North Carolina in his house for 9.5 years. I have taken his last name. I own a house in my name only that I rent out. He owns two houses in … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,482 satisfied customers
Both my parents passed away last fall. They lived in house
Both my parents passed away last fall. They lived in house in Massachusetts which they bought for 135K back in 2000. At the time because of their credit issues my sister had to put the house in her na… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,873 satisfied customers
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
Accountant
Bachelor's Degree
130 satisfied customers
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
Retired
Bachelor's Degree Equivalent
42,123 satisfied customers
I have searched online very specific scenario regarding
Hello, I have searched online for a very specific scenario regarding capital gains. We are selling our secondary home ( rental), and once it is sold, we are transferring the mortgage of $217k to a new… read more
Megan C
Megan C
Master's Degree
15,483 satisfied customers
My husband passed away 6 months ago & we have a piece of property
My husband passed away 6 months ago & we have a piece of property (farm land & pasture only, no home on it) that i need to sell. I've had it appraised (per my lawyer) & i have a farmer interested in b… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,482 satisfied customers
My husband and I purchased our home in 2000, and did some
My husband and I purchased our home in 2000, and did some major additions and renovations. Our basis is about $2 mil. There is a cottage on our property which we rent out, declare income, and deprecia… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,873 satisfied customers
Enrolled Agent or US Income Tax-specialist CPA I have two
Enrolled Agent or US Income Tax-specialist CPA I have two tax clients, a mother and a son. Both own at least one residential rental property. During 2014, the mother sold to the son one of the rental … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,873 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
Enrolled Agent
Master's Degree
271 satisfied customers
My Brother, sister and I are inheriting land in Texas from
My Brother, sister and I are inheriting land in Texas from my mother's estate. My father left his estate to my mother in a living trust. My mother also left her estate to us in a living trust. My Moth… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
86 satisfied customers
My mom died in 2014. She had put her home in both my name and
My mom died in 2014. She had put her home in both my name and my sister's name. We have sold the house and will split the money from the sale. Will it be considered capital gain? If i purchase a home … read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Here is the situation. My wife and I live in MD. She has 2
Here is the situation. My wife and I live in MD. She has 2 sisters that live in CT. Her grandfather lives in NY. Her grandfather has a rental property that he is selling after owning it for about 30 y… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I am 84, a widow, have not filed taxes is abut 2 years due
I am 84, a widow, have not filed taxes is abut 2 years due to no income except Soc Sec. My husband died in 1978. He had inherited land from his mother who is also deceased. I do not live on the land b… read more
TaxRobin
TaxRobin
Tax Preparer
Vocational, Technical or Trade School
31,049 satisfied customers
I own a home with 3 sisters, and we keep it open year round
I own a home with 3 sisters, and we keep it open year round and use it as we wish. However, my other residence with my husband is a rental. My drivers license etc. is at my rental address. The house b… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
What will be our, myself and 2 sisters Capital Gains Tax on
What will be our, myself and 2 sisters Capital Gains Tax on a 300 Acre farm that we will inherit and possibly sell in the future? The farm has been in the family since 1860.… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
Looking for answers on capital gains ruling. We bought a 2
Looking for answers on capital gains ruling. We bought a 2 family in 1982 for 74,000. This was our primary home until 2008, the rental portion of the home was not rented after January 2006. So no inco… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 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