Capital Gains and Losses

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I am the sole member of Holdings LLC. Holdings LLC is the
I am the sole member of Holdings LLC. Holdings LLC is the sole member/owner of both Trucking LLC, and Consulting LLC. I am also the only employee of Trucking LLC. My girlfriend is the only employee of… read more
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My effective tax rate in 1017 was 6.18 %. In 2018 I will be selling several warehouses with my share being 1/3 of gross amount. Totally depreciated. We paid off remaining mortgage prior to distributio… read more
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I own a single family home in California. I'm thinking of renting it out and the rental income will be my ONLY income. My investment and earned income is only $10,000 a year outside the rental income.… read more
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Chad, On December 9th, you helped me out with some good
Good day Chad,On December 9th, you helped me out with some good answers regarding my 2017 income tax. Now I'd like to finalize my numbers. I have to determine whether or not I need additional capital … read more
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I sold a business in 2017, I sold a business in 2017. In
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I got an attractive job offer last week from CA. I was a CA
I got an attractive job offer last week from CA. I was a CA resident before. But I left there in 2007 and since then I had nothing whatsoever left there. No house, no mail address, no bank account, no… read more
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Bought linn energy units in, Disposed through exchange of
Disposed through exchange of linn energy units in April 2016. k1 shows ordinary gain of $8117 which I assume is due to cancellation of debt. Do I report this on form 4797 part II line 10 or on line 21 of 1040? I believe that Stephen G has commented on this. Thanks … read more
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In a 1 person S-corp, can expenses be deducted against term
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I live in California and will be in the 10 percent federal
I live in California and will be in the 10 percent federal tax bracket in 2016. How much state and federal tax will I have to pay on a long term capital gain of $180,000 on the sale of a vacant lot.… read more
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We just sold stock and will have a 25,000 capital gains tax
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I filed a normal tax return in February 2015 covering tax
I filed a normal tax return in February 2015 covering tax year 2014. No special issues, filed on time, got a small refund. Then, in May 2015, I sold a bunch of stock, which I had held for more than tw… read more
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If I make X donation to a charity in 2014. My deductions are
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I am curious where I report distributions on an 1120S that
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My grandfather homesteaded a small (1200 acres) ranch in southern Arizona 100 years ago. His four grandchildren own it now through a trust. None of us have any plans to ever live there. A neighbor is … read more
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R. Klein, EA

R. Klein, EA

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