Capital Gains and Losses

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I bought house in 1970 and lived in it until 2008 when I
I bought house in 1970 and lived in it until 2008 when I couldn't sell it i rented it until 2017 when i sold it. How do i figure the CGT? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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Is there a one time Capital Gains exemption for a person
Is there a one time Capital Gains exemption for a person selling their first property after age 65. … read more
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Chad EA, CDFA®, CFP®
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I bought a home in July 2007 and lived in it until January
I bought a home in July 2007 and lived in it until January 2012 when I bought another home. In January 2012 I turned the first home into a rental property until I sold it in June of 2017. Will I have … read more
Carter McBride
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I sold my Home this year and made 102,000 in capital gains.
I sold my Home this year and made 102,000 in capital gains. I was in this home for only 20 months. My Taxable income this year is 45,000. Do I have to pay capital gains Tax and how much do I owe… read more
emc011075
emc011075
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My dad put s home in my name & my brothers in 2009. We sold
My dad put his home in my name & my brothers in 2009. We sold the house May of 2016. We live in WI. What % Will we pay in capital Gains. My dad paid $250,000 for it. We sold it for $260,000 … read more
Megan C
Megan C
Master's Degree
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If we sell our primary home in WA state and a second home in
If we sell our primary home in WA state and a second home in AZ and combine the proceeds to purchase a new primary home will we be subject to capital gains taxes on either sell? My husband & I are bot… read more
Stephen G.
Stephen G.
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My husband and I went through a divorce. I was on the deed
My husband and I went through a divorce. I was on the deed but not the mortgage. We had a capital gain. He was sent a 1099 saying the sale was reported under his SSN. Do I owe half of the capital gain… read more
Stephen G.
Stephen G.
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I just sold a , I just sold my home that I lived in
I just sold my home that I lived in for 14 years. I paid 125,000.00 for it. I sold it for 190,000.00. Do I have to pay capital gains tax. I live in Louisiana … read more
Tax.appeal.168
Tax.appeal.168
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5,019 satisfied customers
I bought a house in Jan 1968 $ and sold it onAug 30, 1969
I bought a house in Jan 1968 for 20318$ and sold it onAug 30, 1969 for 22,400$, for an unadjusted gain of 2082$ I lived in the home less than 2 yrs. I then bought a more expensive home for 40000 on Fe… read more
Stephen G.
Stephen G.
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Recently sold our home for $325,000. and downsized to a
Recently sold our home for $325,000. and downsized to a $107,000. which needs a great deal of repair and updating. Also we did a lot of updating to previous home to bring it up to good market price. W… read more
Tax.appeal.168
Tax.appeal.168
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I bought my mother's home when she passed (bought out 3 brothers),
I bought my mother's home when she passed (bought out 3 brothers), and my sister lived there for four years. It is not my primary residence but I was only one on deed. I am selling it now, and will ma… read more
Stephen G.
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In 2014 my wife sold a second property (not our primary residence)
In 2014 my wife sold a second property (not our primary residence) for $454K that she had allowed her mother to live in for 14 years without paying rent (my wife never lived there). She sold it for a … read more
Arthur Rubin
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My Grandfather who passed away had his house transferred into
My Grandfather who passed away had his house transferred into a trust that was split between My Aunt, Mother (Deceased), Uncle, and Myself. We are fixing it up to sell, will we be hit with Capital Gai… read more
emc011075
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3,319 satisfied customers
I sold I store last year and reinvested the money into a new
I sold I store last year and reinvested the money into a new house last year do I have to pay capital gains on the money I made above what we paid for the store since I reinvested back into a home… read more
Robin D.
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Please answer my question again please. I talked with
Please answer my question again please. I talked with CGassist.168 Accountant on the 25th and I would like my question to be reviewed because they are pretty close to paying $1,000,000 capital gains t… read more
USTaxAdvising
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I sold my house cause I am now awidow n cant afford to keep
I sold my house cause I am now awidow n can't afford to keep it I sold the house for 365,000. Paid loan off, at 226,000 n some change so I get at check for 107,000. After all is paid now it cost 20,00… read more
PhillipB EA
PhillipB EA
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My wife and I purchased a home in 1991 for $33000 and lived
My wife and I purchased a home in 1991 for $33000 and lived in it for 4 years. We had to move in 1995 because of my Military transfer. We purchased another home in the area I was transferred to, but w… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
I hold a 25 year first mortgage on property I sold 5 years
I hold a 25 year first mortgage on property I sold 5 years ago. The remaining amount owing on the mortgage principal and interest is $1,613,842., at the end of next 20 years. If I sell this mortgage f… read more
jgordosea
jgordosea
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Meet the Experts:

R. Klein, EA

R. Klein, EA

Enrolled Agent

263 satisfied customers

Over 20 Years experience in resolving tough tax cases

jgordosea

jgordosea

Enrolled Agent

173 satisfied customers

As an Enrolled Agent you can be ensured of my competence in income tax matters.

PhillipB EA

PhillipB EA

Accountant

130 satisfied customers

Enrolled Agent with 8 years experience in tax return preparation, representation, and taxpayer consultation

Arthur Rubin

Arthur Rubin

Tax Preparer

77 satisfied customers

Over 22 years of tax preparation experience.

Bill-the-CPA

Bill-the-CPA

Certified Public Accountant (CPA)

55 satisfied customers

Seasoned professional with over 15 years in public accounting. Income, sales and property tax. Also accounting/tax software.

FredStevens

FredStevens

Accountant

37 satisfied customers

Experienced in business, accounting and tax planning for individuals, small/medium sized businesses and non-profit organizations

Shane-CPA

Shane-CPA

CPA, PFS, CGMA

11 satisfied customers

Shane Northrop is a Certified Public Accountant, Personal Financial Specialist and a Chartered Global Management Accountant

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