Capital Gains and Losses

Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Related Capital Gains and Losses Questions
I am selling my business and need to understand better my
I am selling my business and need to understand better my tax implications in terms allocation of sales price to goodwill and FFE. The buyer's CPA said this: "The buyer will benefit from a cash flow p… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
If parent/50% property owner partner passes away; if I sell
If parent/50% property owner partner passes away; if I sell the property we own, before she passes away,(DOD) but in the same tax year, Does she still have to pay the taxes associated with the sale? J… read more
bkb1956
bkb1956
Enrolled Agent, Paralegal
15,104 satisfied customers
My 90 year-old dad has owned his home for 61+ years. My 56
My 90 year-old dad has owned his home for 61+ years. My 56 year-old brother, who has a long term separation from his wife, has lived in the house with dad for 18+years. Dad has Alzheimer's and we fina… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
Me and two friends purchased a NJ property for $60 000
Me and two friends purchased a NJ property for $60 000 during Mart 2016 with intention to fix and flip. We registered LLC but the money we transferred to the LLC weren't seasoned and the bank wanted u… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
How do you compute capitol gains on a rental property sale
how do you compute capitol gains on a rental property sale where land is valued at 28% of property and land at 72%?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
My sister and I co-own a house as tenants in common. We're
My sister and I co-own a house as tenants in common. We're in the process of selling it. The property is not our primary resident and we are splitting everything 50/50. If the sale price is $160k and … read more
CGassist.168
CGassist.168
Principal
8,662 satisfied customers
If I invest 10,000 a year years at 7%, it would total
If I invest 10,000 a year for 17 years at 7%, it would total about 308,000. If I then wanted to use the money to buy property, and my income is 60,000 a year, what taxes would I need to pay.… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
for PDTax If both I and my employer contributing to ESOP,
for PDTax If both I and my employer contributing to ESOP, Which part is treated as capital gain -- is it just earnings on employer contribution, or BOTH mine and employer portion of earnings on combin… read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
I recently sold an invention to another company. They will
I recently sold an invention to another company. They will pay me installment payments over the next 10 years. I will be reporting this income as capital gains. I plan to set up a corporation and rece… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
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
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
I have an ESOP account from my employer. where I have been
I have an ESOP account from my employer. where I have been contributing 6% and the employer has been matching this contribution at 4%. I also have been contributing additional 3% of my salary to 401k … read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
I bought my home for $32,000 in 1964. I want to sell it for
I bought my home for $32,000 in 1964. I want to sell it for $1.2m. I understand that I have dispensation of $250,000 and I have put over $350,000 of work on the home but don't receipts for all of the … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
My grandparents purchased land 60 yrs ago in a country Asia
My grandparents purchased land 60 yrs ago in a country Asia where they lived, and they passed away in the 1950s. They had 4 children (1 being my father). My father left the country our family in the e… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
If I make a donation in the form of art or furniture, can I
If I make a donation in the form of art or furniture, can I take the deduction based on its fair market value?… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Am the sole shareholder of an s corp. Am selling the stock
Am the sole shareholder of an s corp. Am selling the stock of the company and taking back a 15 year loan. Want to report the profit on the installment basis on form 6252. How do I report that this is … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
I live on $741.00 a month,SSI. My five siblings and myself
I live on $741.00 a month,SSI. My five siblings and myself sold a property. Will I be required to pay Capital Gains Tax?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
What are the capital-gains tax implications if a buyer of a
What are the capital-gains tax implications if a buyer of a unit in a housing cooperative buys a unit that has an underlying mortgage on it, and when that buyer sells the unit and gets settlement proc… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
11 satisfied customers
I have a client that sold a 1 family rental. The sale was in
I have a client that sold a 1 family rental. The sale was in the name of the father and daughter. The home was held jointly. it was purchased in 1994 for 199,000.00 as a 1 family. It was then rented o… read more
oniazuma
oniazuma
6 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:

R. Klein, EA

R. Klein, EA

Enrolled Agent

263 satisfied customers

Over 20 Years experience in resolving tough tax cases

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

77 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

< 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