Capital Gains and Losses

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My daughter and I have join tenaccy property.i am living on
My daughter and I have join tenaccy property.i am living on property over 4 yers dune I purchased it.my daughter has own property where she lives as primary residence.i pay property taxes as a senior.… read more
Chad EA, CDFA®, CFP®
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We are about to sell two properties. The first is a rental
We are about to sell two properties. The first is a rental property townhome that used to be my wife's home before we were married three years ago. Gains on that property will probably be around $150-… read more
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Can you pls list the signifcant rules for a married couple
can you pls list the signifcant rules for a married couple gifting up to 14K per year to their daughter… read more
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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
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House was gifted to my aunt more then 20 years ago from her
House was gifted to my aunt more then 20 years ago from her mother. She has lived in it as her primary residence since. Her husband passed away 3 years ago. Is her exemption only good for 250k, plus h… read more
NPVAdvisor
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Can we claim dependency of our child? I am self employed
Can we claim dependency of our child?I am self employed earning 50K a year. My husband has W2 wages of 40K a year. Our child, who attends college full-time, earns 9K a year. Her college costs are 12K … read more
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I bought a condo 10 years ago for $280K, daughter to
I bought a condo 10 years ago for $280K, for my daughter to live in during the last 2 years of college. After she graduated we have been renting it out. Now, my daughter wants to move back in and own … read more
LEV
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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
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My mother immigrated to Canada 20 years ago. She had a property
My mother immigrated to Canada 20 years ago. She had a property in Hong Kong. Recently she passed away, and in her last will it is stated that the real property in Hong Kong will be transferred to my … read more
R. Klein, EA
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Hi, My sister & I currently own two identical properties.
Hi, My sister & I currently own two identical properties. Property A $300K Property B $300K We no longer want to be joint owners and want to go our separate ways so that I own Property A and she owns … read more
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I on a 3unit building n San Francisco. I live in top flat.
I on a 3unit building n San Francisco. I live in top flat. Is I sell what would I owe in Capital gains. Property has been paid off for years. I am 67. Would it be best to add daughter to ownership if … read more
USTaxAdvising
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If I give my daughter a property today as a gift and she is
If I give my daughter a property today as a gift and she is selling the property in 10 years' time, do I need to value the property before I give her so that she knows how much capital gains she will … read more
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My elderly Mum passed away in June this year..She had a house
My elderly Mum passed away in June this year..She had a house in South Australia in which needs to be sold & split amoung 4 siblings..my "Q" is My elder sister has always lived with my Mum & is to rec… read more
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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
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Hi. Grandma gifted parcels of land in 2010 and 2011 worth a
Hi. Grandma gifted parcels of land in 2010 and 2011 worth a total of maybe $100k to her daughter. Daughter was giving up a lot of time caring for her so I guess it could be gift or payment of RN care.… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
My mum owns a property which was passed on from my father when
My mum owns a property which was passed on from my father when he died over 20 years ago,which we live in. The property was cash until 3 years ago when me and my mum borrowed £100000 for renovations. … read more
Expert
Expert
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
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I am a Japanese national. I have been letting three properties
I am a Japanese national. I have been letting three properties (in central London) though a UK agent for several years. I am not resident or ordinarily resident in UK. I have sold a property in Sept 2… read more
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