Capital Gains and Losses

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Im 67 years old and rent my primary residence. However I
Im 67 years old and rent my primary residence. However I have a rental property I would consider selling. What is my tax liability? … read more
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I have a 90 year old client that has sold her home for $949,000.00 in 2018. It was bought in 1965 for $37,000.00. Her only income is a pension of $1700.00 and SS of $2200 per month. What is her Capita… read more
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I'm getting ready to put my house on the market, I own and
I'm getting ready to put my house on the market, I own and have live in it for over 35 yrs. paid $220.000 for it now valued at $1M+ Can I be excluded from capital gains taxes? … read more
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We bought a condo in CA, lived in it for 19 months. Didn't
We bought a condo in CA, lived in it for 19 months. Didn't like it and sold it ($310k purchase - $390,000 sale). Will we need to pay capital gains since we didn't live there 2 full years? … read more
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I inherited a percentage of a piece of property when my FIL
I inherited a percentage of a piece of property when my FIL passed away. I have recently sold my percentage in the property. How do I figure out how much capital gain tax I need to pay. I inherited th… read more
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Hased\\\\ I am having trouble with my taxes. I purchased
I am having trouble with my taxes. I purchased family home in 1981 for$126,000/ I sold it this year for$415,000. Expenses of sale $39,000. Over the last 30 years, I have spent $136,000 in upgrades and had a $316,411 mortgage. Have not liived there 2 of last 5 years (rental) … read more
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My daughter received a 1099 for cancellation of debt for a
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How will I be taxed if I sell my home (inheritance) now as I
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Stephen G.
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I own a home 5 years then took job many miles away.
I own a home for over 5 years then took job many miles away. So we rented the home for over 5 years paying some of the mortage ourselves. House was bought for $330,000 owewd $370,000 and sold for 425,… read more
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My husband and I separated and sold our home in Florida. We
My husband and I separated and sold our home in Florida. We sold it 25 months after purchase, but I moved out after living there 19 months. I took a loss on the home because I put more money into the … read more
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About 10 years ago my brothers and sisters and I formed an
About 10 years ago my brothers and sisters and I formed an LLC to purchase our parents farm, we recently sold the property and my share of the profits was 92000 dollars, I am retired and have an annua… read more
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I am going to sell my primary residence, and I believe I
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I moved from Indiana to Nevada in May 2014 transferring
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Does my wife qualify for the Home Sale Capital Gain Exclusion?
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I bought a primary residence in October 2009, fixed it up, and sold it in August 2011 (just shy of the 2-year tax break). I netted $90k from the sale. I will have around $18k of other income for 2011.… read more
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