Capital Gains and Losses

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We have 3 properties which we wish to liquidate over the
We have 3 properties which we wish to liquidate over the next 4-7 years.Here are the particulars for each property:Property #1 Current use - primary residence Ownership - 37 years Cost basis - $200,00… read more
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My brother and I bought a house a time ago. Then I moved out
My brother and I bought a house a long time ago. Then I moved out and he continued paying the mortgage himself. He also claim 100% of the tax deduction on the house. Right now I don't have primary res… read more
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I currently have rental property (single family) that I
Hello, I currently have rental property (single family) that I would like to sell and use a 1031 Exchange to purchase a larger rental property (single family) with the goal of converting the new prope… read more
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My husband died in January. We had a commuter marriage - he
My husband died in January. We had a commuter marriage - he kept an apartment in San Francisco because he worked there four days a week and myself and the children live in Southern California. I sold … read more
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I bought a townhome in Florida on March 2011 and lived there
I bought a townhome in Florida on March 2011 and lived there until may 2nd 2013. I have been renting it out ever since. I am planning to sell it now.1) the fact that I have used it as my primary resid… read more
emc011075
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Oh, thank you. What are the 2 ways of working out CGT......
What are the 2 ways of working out CGT...... I thought there was a sliding scale...ie.....Year 1, property made $10K, carry forward, Year 2, made $50K....etc... BUT 50% of gain over 30 years seems TOO MUCH … read more
Barbara
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I have lived in Wisconsin all my life.I own a seasonal
I have lived in Wisconsin all my life.I own a seasonal summer lake cottage .16 years ago I purchased A Florida home. This was a second home but i sold my primary home in Wis and just have the cottage.… read more
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I am a widow and just retired. I am selling an old condo (rental
I am a widow and just retired. I am selling an old condo (rental property) for $320k and I paid 250k for it 10 years ago. It's costing me about 7k to make it ready to sell plus the real estate fees wh… read more
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My mother recently moved to an assisted care facility. The
My mother recently moved to an assisted care facility. The family is now deciding on whether to rent her house out or to sell. The concern of renting is that we might have a large capital gain tax to … read more
keeperumiami
keeperumiami
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I have a property that I rented out years. I lived in it
Hi, I have a property that I rented out for 3 years. I lived in it since 1995. Now I want sell it. How does capital gains effect me?… read more
Alexander Haraczka
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My husband and I are thinking of selling our principal residence
my husband and I are thinking of selling our principal residence and we own a rental property. we are going through a separation. Is there a way to avoid capital gains if one of us move into the renta… read more
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A property I own is a single family house that I once resided
A property I own is a single family house that I once resided in, then rented for a few years. Now it is vacant and technically up for sale, but failed to sell (yes, even in the bay area market). I ha… read more
LEV
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My mother in law lives in the State of CA she is 67 and has
My mother in law lives in the State of CA she is 67 and has been retired for two years. She just sold her home in San Anselmo for $700,000. She and her husband paid $22,000 for the home 40 years ago. … read more
PhillipB EA
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My wife and i purchased a home in San Lorenzo, CA that closed
My wife and i purchased a home in San Lorenzo, CA that closed escrow on August 01, 2012. I have a new job that is 45 miles away from my old job. We are relocating to San Jose, CA. We paid $408,000 for… read more
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I am 68 years old and I acquired my mothers house approximately
I am 68 years old and I acquired my mothers house approximately 20 years ago. I am planning to sell the house soon. Will I have to pay capital gains tax?… read more
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I need guidance on tax consequences to decide whether I should
I need guidance on tax consequences to decide whether I should refi my rental house and come up with a lot of $$ to do so, sell my rental and have a huge cap gain tax liability, or give the lender a d… read more
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How much will my mom pay in taxes for selling her home (more
How much will my mom pay in taxes for selling her home (more details below)? My mom is selling her house in San Diego, CA this year. She used to live there, but she has been renting it to tenants sinc… read more
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What will be the Federal and California State tax consequence
What will be the Federal and California State tax consequence in the following scenarios, please? Co-op apartment owner and non-married primary resident acquires a capital gain of $100,000 in value wh… read more
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