Capital Gains and Losses

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We have 2 homes. One in Oregon that we have lived in off and
We have 2 homes. One in Oregon that we have lived in off and on for 7 years (consistently for the last 436 days to date) and one in Alaska that we purchased in 1989. Our daughter has lived in our Alas… read more
Stephen G.
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I purchased my first rental property in Toronto last year.
I purchased my first rental property in Toronto last year. My parents put down half of the down payment. The property was 100% under my name. We verbally agreed that we would split 50/50 for all profi… read more
AndrewD914
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What is the process to avoid paying capital gains taxes on this property - if I bought it for 220k and sell it for 250k or 260k do i need to buy another like-kind rental property to avoid taxes? Can I… read more
bkb1956
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I have a rental property that im thinking about selling it
i have a rental property that im thinking about selling it has been depreciated out since put into service if i sell it is it better to owe a high mortgage or do i want to pay it down as much as possi… read more
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I am receiving a down payment for a rental property in
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Mark Taylor
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In 2003 we sold rental property for 1,600,000 and did a 1031
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I recently sold a rental home here in Utah. We ended up with
Hello, I recently sold a rental home here in Utah. We ended up with a taxable gain of around 182K after all said and done. When we sold the home we did have some left on the mortgage to pay off, which… read more
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if i reninvest in the phillipines property how much capital gains do i pay … read more
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We bought our home in 2003 for $403,000. It is now likely
Hello. We bought our home in 2003 for $403,000. It is now likely able to sell for about $350,000. We owe $280,000 on the mortgage. If we sold this home now for the $350,000, which would give us $70,00… read more
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I just sold my home in Bellingham WA and am in the process
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I purchased a Rental Property in 2005 for $274,900. I turned
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We purchased a home in SC on 10/04/2006, purchase price
we purchased a home in SC on 10/04/2006, purchase price $185000, On 04/01/2011, we moved to NC, and rented out our SC home. The basis at that time was 113,000 for the house and 27000 for the land. It … read more
Lane
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I have my parents home I bought ,000 paid to my sister in
I have my parents home I bought for 40,000 paid to my sister in 2011. We have made updates on the home but we did the work ourselves. If I sold the home for 120,000 how much capitol gains would I have… read more
bkb1956
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My wife and I sold a rental home recently. I had spoken with
My wife and I sold a rental home recently. I had spoken with a tax preparer prior to the sale and was told we would owe approximately $5,000 on capital gains. As it turns out, we owe closer to $27,000… read more
PhillipB EA
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Will my rental property business have to pay capital gains this year on the rental properties I sold, when the total proceeds went to the bank to payoff commercial loans? We did not receive a dime for… read more
PhillipB EA
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Looking for answers on capital gains ruling. We bought a 2 family in 1982 for 74,000. This was our primary home until 2008, the rental portion of the home was not rented after January 2006. So no inco… read more
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