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
My Stepfather has a life time estate on my mother's house in
My Stepfather has a life time estate on my mother's house in Hawaii. He lives in Hawaii 6 months and Washington State the rest of the year. The house is in a family Trust and my Stepfather is dissolvi… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,926 satisfied customers
In 1960, my mom and Dad bought a 52 acre farm and house for
In 1960, my mom and Dad bought a 52 acre farm and house for $9,000. Both names on the deed. My Dad passed away in 1999. Mom added my sister's name and mine on the deed, as joint owners with her. Her n… read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,924 satisfied customers
My mother quit claimed her home to my sister and myself 9
My mother quit claimed her home to my sister and myself 9 years ago with the stipulation that she could live there until she passed away. She passed away in April and we just sold the home for $253,00… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,926 satisfied customers
Dad passed away and we (5 kids) are going to sell his house.
Dad passed away and we (5 kids) are going to sell his house. Held in trust. He bought the house in 1966 for $28K. Mom passed away in 2000 and the house at that time was valued at $425K. Now the house … read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,514 satisfied customers
My brother and I are the beneficiaries of the living trust
My brother and I are the beneficiaries of the living trust my parents had set up many years ago. They had also quitclaimed their home to the trust. My brother bought my half of the home for $55000. Do… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,085 satisfied customers
My sister's house was sold in 2015 and put into a trust to
my sister's house was sold in 2015 and put into a trust to take care of her medical and board and care expenses in Dallas Texas she passed away in Febuary las year 2017. Her 2015 tax return did not re… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,505 satisfied customers
Question My Mom had a Living Trust formed in 1992 with my
Question My Mom had a Living Trust formed in 1992 with my Dad as the sole Trustee/Beneficiary. The Trusts assets were real estate that they had owned jointly before establishing the trust. Per the tru… read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,924 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
6,926 satisfied customers
My brother set up a Trust before he passed away in 2003 with
My brother set up a Trust before he passed away in 2003 with my mother as the beneficiary. The Trust ceased in 2015 upon my mother's death and my sister and I become equal owners after her death. This… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,172 satisfied customers
My father passed away in January and his house was in his name
My father passed away in January and his house was in his name as well as my sisters name. Paid off . The house is being sold and we were wondering about the capital gains tax if it's figured from the… read more
Expert
Expert
4 satisfied customers
My mother (US Citizen) and mother-in-law (Canadian) want to
My mother (US Citizen) and mother-in-law (Canadian) want to distribute their assets before their death. They want to buy a house for our child, that we can live in (for a reduced rent). What is the be… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
In November, 2012 my deceased mothers Trust sold the family
In November, 2012 my deceased mother's Trust sold the family home in Illinois. I am the sole beneficiary of the Trust. As such, 100% of the Trust's gains & losses pass thru the Trust to me every year … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,882 satisfied customers
my mom recently passed away. She had gave all her land to
my mom recently passed away. She had gave all her land to us children 7 yrs ago and had a life time right to her house. Will we have to pay capital gains tax from when my mom and dad purchased farm in… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
I am the sole Trustee of a residentail QPRT/GRAT. The conversion
I am the sole Trustee of a residentail QPRT/GRAT. The conversion date from QPRT to GRAT was April 2006...I sold the property in 2010 and want to value the property at fais market value at the time of … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
my father bought his house in 1970 for 18000 dollars with him
my father bought his house in 1970 for 18000 dollars with him and my mother on the deed. in jan 2012 my mother set up a trust that the house was ours but she could live here unil she died, three weeks… read more
JerrySJD
JerrySJD
Attorney-at-Law
Doctoral Degree
14 satisfied customers
I live in California. My father recently passed away, February
I live in California. My father recently passed away, February 2012. About 10 years ago after my mother's passing, he changed his will to a living trust between me and 3 siblings. The house is current… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
86 satisfied customers
In 2008 my Dad died and my sister rushed my mother into putting
In 2008 my Dad died and my sister rushed my mother into putting her name on the deed of the family home. In 2011 my mom died so now my sister's name is XXXXX XXXXX name on the deed. She just sold the … read more
gregmey
gregmey
Financial Planning Associate
Bachelor's Degree
107 satisfied customers
My mother-in-law is 83 years old. She has two children and
My mother-in-law is 83 years old. She has two children and 9 grand children. She has a trust for her estate which at this time has an approximate value of $1.75 million, and currently all the assets a… 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