Capital Gains and Losses

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I have a townhome in Phoenix Arizona that I lived in until
I have a townhome in Phoenix Arizona that I lived in until 2016. I currently hold my primary residence in Idaho and the townhouse is a rental now. I read recently that to avoid capital gains tax when … read more
LEV
LEV
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We built a home mortgage free in which we invested $250,000.
We built a home mortgage free in which we invested $250,000. If we sell the home for $150,000 through a contract for deed with a monthly installment of $700 for two years, at which time the final paym… read more
emc011075
emc011075
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I live in ohio and have been renting out my home in
I live in ohio and have been renting out my home in California for 5 years. I am selling my home in California and will have to pay capital gains. I paid $222,000, put in over $100,000 in improvements… read more
Barbara
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A florida property sold for net 258000 has a 40000 basis our
a florida property sold for net 258000 has a 40000 basis our income married joint is 69000 … read more
emc011075
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We are thinking of selling a rental that we lived in for 10
We are thinking of selling a rental that we lived in for 10 years and then rented out for 10. I know taxes will be terrible, but not sure how to calculate. … read more
NPVAdvisor
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Sold a rental home and would like to know all about capital
sold a rental home and would like to know all about capital gains how it works … read more
Barbara
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My mother owns a CO-OP apartment in Queens, NY. She
My mother owns a CO-OP apartment in Queens, NY. She purchased it back in 1995 for about 85K. The unit is now worth 200K and she only owes about 30K.Assuming that she sells today at 200K, after paying … 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
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I just sold my rental property can I use that money to pay
I just sold my rental property can I use that money to pay down/renovate my residential property mortgage to avoid paying capital gains?… read more
NPVAdvisor
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If my ex sold our home and I didn't live there the past five
If my ex sold our home and I didn't live there the past five years, I know that I have to pay capital gains on my profits. However, the profit I actually received was 29k NET, while on the tax from fr… read more
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Does a married couple get a one time exemption for capital
does a married couple get a one time exemption for capital gains for investment property. Can they deduct off the gain any money spent on the rental over the period of them owing it? We were told we g… read more
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We have a property to sell we will acquire capital gains of
we have a property to sell we will acquire capital gains of approx 100,000. The house is currently a rental property we want to sell. Do we have to pay capital gains right away, in 2 years? Can we put… read more
emc011075
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Years ago, sold primary resident. Shortly after, paid cash
Years ago, sold primary resident. Shortly after, paid cash for small house ($280,000). Used house as rental shortly after purchase. Few years later, divorced. I got small house (rental) and financed $… read more
LEV
LEV
Retired
Bachelor's Degree
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My company made an investment in real estate. $100,000 - I
My company made an investment in real estate for me. $100,000 - I was required to pay the $100,000 back plus 3% per year in interest (at the time of the sale) I recently received approximately $32,000… read more
LEV
LEV
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I purchased a property as primary place of residence on 6th
I purchased a property as primary place of residence on 6th October 2019 . Purchase price $ 240 000 Establishment Costs $ 10 035 I lived in this house untill January 2002 I rented this house out till … read more
jgordosea
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Yes My husband sold his house in calif last year. He has had
Yes My husband sold his house in calif last year. He has had it for rent for 19 years it was in Calif. He has owened it for 39 years we live out of state for the 19 years. What would he have to pay on… read more
gregmey
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I have a home in Wisconsin that I purchased in 1983. I moved
I have a home in Wisconsin that I purchased in 1983. I moved to Nevada in the end of 2007 and have purchased a home here that is under water. My son currently lives in the house in Wisconsin. I purcha… read more
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I am a Canadian and I have lived in the US with my wife for
I am a Canadian and I have lived in the US with my wife for 4 years. I am currently a green card holder. When we came to the US we owned a property in Edmonton, Canada. Shortly after coming, we purcha… read more
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