Capital Gains and Losses

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I need financial advice. If I invest in Berkshire Hathaway
I need financial advice. If I invest in Berkshire Hathaway Class B stock for greater than a year, since they do not pay a dividend, do I only pay long term capital gain for federal taxes? I live in Fl… read more
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I live in state, I bought a home for $235K and sold it 19
I live in Washington state, I bought a home for $235K and sold it 19 months later for $275K. My joint income with my wife is $144K for 2017. Do I have to pay Capital gains tax on my house I sold? … read more
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Regarding Long Term Capital Losses...If a stock was sold in January 2016 and had a long term capital loss of over $200K, what would happen if the same stock was repurchased a couple months later? Would the advantage of long term capital loss be negated? Berthin Quinn Hyde … read more
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I have an investor who bought a lot in 2002, commenced
I have an investor who bought a lot in 2002, commenced building a house on it and C.O'd the house on 12/15/15 and then sold the property for a big loss in 5/16... Is the loss Long-term or S.T. The bul… read more
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Can I use nol to pay capital Gaines from last year, I had a
Can I use nol to pay capital Gaines from last year … read more
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I sold a 3800sq ft house with a 1200 sq ft shop that I
I sold a 3800sq ft house with a 1200 sq ft shop that I contracted and built myself over a 12 year period. I am 71 and believe I am entitled to a one time cap gain w/o tax liability. However, I took a … read more
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Another question then. It's about the 1031. I want to
Hi mark. Another question then. It's about the 1031. I want to build the investment property rather than buy one that already exists. While I can certainly use the cost of the land in the 1031 basis, … read more
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We own a piece of property which we inherited in 1989. In
We own a piece of property which we inherited in 1989. In 1989, we planted it in pine trees for harvest. After 26 years of waiting for profit, we had a straight line wind storm which blew down a lot o… read more
keeperumiami
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I am hoping someone can help with this issue: My mother sold
I am hoping someone can help with this issue: My mother sold an investment property (Property A) in the fall of 2006 and was working with a 1031 exchange company to reinvest at equal or greater value.… read more
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Am a Brazilian citizen living in the USA on a card. Intent
Am a Brazilian citizen living in the USA on a green card. Intent to stay forever in the US. I have received a distribution from a company in Brazil of which I am 10% shareholder. The distribution come… read more
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My Mother in law owns an acreage with her residence on it ,
My Mother in law owns an acreage with her residence on it , and we have also lived their for 22 years, and helped look after the acreage. If she sells the property that is in Alberta, will she have to… read more
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My mother is 98 years old, has dementia, and is living in a
My mother is 98 years old, has dementia, and is living in a rural Colorado skilled nursing facility. She has social security, some help from a long-term care policy, and is self-paying due to the sale… read more
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I sold a 2 family used as an investment and with depreciation
I sold a 2 family used as an investment and with depreciation as well as time not rented have significant cap loss. Can that be used to offset cap gains from non real estate investments eg mutual fund… read more
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We had a piece of land that we were underwater on. To eliminate
We had a piece of land that we were underwater on. To eliminate our debt without taking a hit to our credit we made a deal with the bank to take back the land in addition to us paying them a lump sum.… read more
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In my case, is profit on sale of improved real estate a capital
In my case, is profit on sale of improved real estate a capital gain or ordinary income? I bought a lot for investment purposes and two months later decided to build a home on it for sale following co… read more
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My wife and I are currently in escrow, selling the vacant lot
My wife and I are currently in escrow, selling the vacant lot adjacent to our residence lot in Marin County, CA. We have lived on the property 27 years continuously. We decided not to build another ho… read more
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I bought an unimproved vacant six acre site for residential
I bought an unimproved vacant six acre site for residential development in 2007. Have spent hundreds of thousands on carrying costs and engineering plans and permits to get it to the point where it co… read more
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Does a corporation incur regular income or capital gain tax
Does a corporation incur regular income or capital gain tax on the sale of some of it's real estate ?… read more
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