Capital Gains and Losses

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I am selling in September my apartment based in France.
I am selling in September my apartment based in France. Since I am an US resident, I will pay capital gain here in California and Federal Capital gain.Federal is maximum 15% and I know it is dependent… read more
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My parents (80 and 84) inherited a home when my sister died
Hi Pearl, my parents (80 and 84) inherited a home when my sister died in February. They sold the home and are wanting to save enough to pay for the taxes from the proceeds. How much will they have to … read more
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Chad EA, CDFA®, CFP®
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I wanted to know about selling my home? what are the
I wanted to know about selling my home? what are the conditions concerning health reasons? Is there a time limit? … read more
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I have a capital gains question relative to sale of a
Good afternoon: I have a capital gains question relative to sale of a mixed-use house (rental/residence) and was hoping you could provide some guidance. Please be prepared for follow-up questions and … read more
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My wife died of cancer ,so I sold the house of 19 years.I
my wife died of cancer ,so I sold the house of 19 years.I found a house to buy with $97,459. in equity and cash combind.the purchase price was $192,459 including closing cost.8 months later I discover… read more
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I bought my home in 1999 for $115,000, I am in the process
I bought my home in 1999 for $115,000, I am in the process of selling it now for $285,000, and once I pay the mortgage company what I owe them, $98,000 I will make $187,000 on the house. I have lived … read more
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Is there a way around paying capital gains on a house that
Is there a way around paying capital gains on a house that you own but has not been your primary residence in two of the last five years. I rent it to a relative for cost. Not making anything but if I… read more
Stephen G.
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Due to a move in 2013, we ended up converting what had been
Due to a move in 2013, we ended up converting what had been our primary residence to a rental property. We had lived in that prior primary residence since 2003. In 2013, we claimed 120 days of Persona… read more
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My husband and I were joint owners of our primary residence
My husband and I were joint owners of our primary residence in Silver Spring, MD. He died 12/19/2014. I am selling that residence for an asking price of $525,000.00 and covering closing cost at 3%. Th… read more
bkb1956
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In January, I am due to make 1.5M on the sale of a term
In January, I am due to make 1.5M on the sale of a long term private business that I invested $50000 in 20 years ago. I am disabled but have a current federal tax rate of 25%. I live in NY, approximat… read more
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There this question is Real Estate Attorney! Years
Hi there this question is for a Real Estate Attorney! Years ago more than 7 or 8 years ago my sister bought a house in texas before she was married then she found someone to live with and did not want… read more
bkb1956
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I have a capital gain of $123,000 year. Married filing
I have a capital gain of $123,000 for this year. Married filing jointly with expected AGI of 78,000 and expected taxable income of 60,000. I was told something about capital gains of a certain income … read more
Stephen G.
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My sister put her house in San Francisco into a revocable
My sister put her house in San Francisco into a revocable trust in 2013. At that time it was worth $940k. The house was purchased 20 yrs ago for $300k. She died in November. I am the trustee. I am wor… read more
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, I have a substantial tax credit with the state of MA from
, I have a substantial tax credit with the state of MA from a long-term capital loss on the sale of real estate that we'd like to claim. I've also recently moved from MA to CA. My questions is, what a… read more
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Hello - I need help understanding a valuation and deciding
Hello - I need help understanding a valuation and deciding if I should exercise my stock option. can you help?… read more
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i bought a software for my side business that i do on my spare
i bought a software for my side business that i do on my spare time from home for 2200 dollars. i also had a few thousand dollars income so far this year on this business. this is like a side activity… read more
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Hi - so, I live in CA and have rental [commercial] property
Hi - so, I live in CA and have rental [commercial] property in KY - I bought it in 1979 as R4 residential - somewhere along the way, the city came in and did a blanket re-zoning to C2; I have leased i… read more
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Im currently negotiating a buyout of my apt with the new landlord
I'm currently negotiating a buyout of my apt with the new landlord - my apt building has just been sold. Can I declare the buyout as a capital gain as opposed to income?… read more
PhillipB EA
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