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
For 2017, what is the best strategy regarding to stock
For 2017, what is the best strategy regarding to stock investment? Federal income taxThe long term capital gain rate Short term capital rate Definition of long term - any stock investment longer 12 mo… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
If my w2 shows 115000.00 but my business shows a 100000.00
If my w2 shows 115000.00 but my business shows a 100000.00 loss will i have to pay any capital gains tax … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
I was wondering if I make $80K a year now and of Household
I was wondering if I make $80K a year now and I am Head of Household single with home and kids, would it be a good idea to move money out of my IRA fund into my ROTH IRA a little bit every year now? I… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,072 satisfied customers
My income for the last several years has been 40,000 thru
My income for the last several years has been 40,000 thru dividends only as I am retired. I never had to pay any federal income tax on this amount because it was treated not ordinary income, Yesterday… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
I have short term sales of stock how can i reduce or avoid
i have short term sales of stock how can i reduce or avoid paying taxes for those short term sale of stock … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
Please accept my question only if you are fully familiar
Please accept my question only if you are fully familiar with this matter. I need detailed answers. Hi, I have been trading stocks for a few years now. I trade regularly now. Is it better to form an e… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
394 satisfied customers
I received an 8949 from Scottrade which gave me capital
I received an 8949 from Scottrade which gave me capital gains of $6000 involuntarily - I didn't initiate. This caused an increase in income which put me over my income limit for ACA assistance, making… read more
emc011075
emc011075
Master Tax Adviser
Bachelor's Degree
4,144 satisfied customers
In a 1 person S-corp, can expenses be deducted against term
In a 1 person S-corp, can expenses be deducted against long term capital gains? The reason I ask is because for my specific situation, paying myself a bigger salary (an expense) is more favorable tax-… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
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
emc011075
Master Tax Adviser
Bachelor's Degree
4,144 satisfied customers
When it comes to investments, does the benefit of investing
When it comes to investments, does the benefit of investing in real estate and being able to deduct depreciation costs, repairs, interest, outweigh the benefit of just investing in index funds?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
I'm a real estate agent in Texas and I have a a married
I'm a real estate agent in Texas and I have a a married couple 67 years old each retired on a very fixed income. They inhearted a vacant piece of land back in 1985 and we have found a buyer. They are … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
If I sold all of all stock in a brokerage account with a firm
If I sold all of all stock in a brokerage account with a firm and then moved all of that money to another brokerage firm do I have to pay taxes on the entire amount or I only pay for the gains of that… read more
CGassist.168
CGassist.168
Principal
8,706 satisfied customers
In a previous question on capital gains, you directed me to
in a previous question on capital gains, you directed me to some online tools to help figure the capital gains tax mount. under one heading it says tax bracket, if you have zero earned income for the … read more
adamousacom
adamousacom
CEO
Bachelor's Degree
4,726 satisfied customers
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
CGassist.168
CGassist.168
Principal
8,706 satisfied customers
What is the best investment to lower AGI... starting a small
What is the best investment to lower AGI... starting a small business or buying a rental property? Annual income $65k, single, & no kids. Lowering AGI is important for lower payments for student loans… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
Assuming that I have no itemized deductions (for simplicity)
Assuming that I have no itemized deductions (for simplicity) and all my income ,because I'm 64 and retired ,is from interest earned from CD's , dividends from stocks, and rental income. Assuming again… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
My wife & I purchased a 8-acre tract of land in November
My wife & I purchased a 8-acre tract of land in November 2011 for $61,500.00. We sub-divided it into 3-lots. After our advertiseing cost, closeing cost ect we have $65,000.00 in the property. We plan … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I have misssed getting the American Opportunity College credit
I have misssed getting the American Opportunity College credit about $3500. TurboTax is showing that I can take a capital gains election of $7092, which is the exact amount of my ordinary qualified di… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 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