Capital Gains and Losses

Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP

Ask an Expert,
Get an Answer ASAP!

Related Capital Gains and Losses Questions
Many years ago (15?) I lost about 40K in stock trades. Soon
Many years ago (15?) I lost about 40K in stock trades. Soon after my income shifted and I had no capital gains to offset this loss. The carryover helped at times, but last filing (2016) I still had mo… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,138 satisfied customers
If my w2 shows 115000.00 but my business shows a 100000.00
If my w2 shows 115000.00 but my business shows a 100000.00 loss will i have to pay any capital gains tax … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
O.K- now the other side is, my property (1.23 acres) is
O.K- now the other side is, my property (1.23 acres) is dividable into 5. How does that effect Capital Gains? The thought is to sell to a developer then it wouldn't be a short sale but, not sure which… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I inherited a business in 2007. The value was not changed
I inherited a business in 2007. The value was not changed and still shows the original cost on all tax filings. The assets were sold last year. An appraisal was completed in 2007. How can I get the va… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I have a rental house which has lost money each of the last
I have a rental house which has lost money each of the last 5 years after considering depreciation and other expenses. These losses have been documented with the IRS. I would say the losses are about … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,138 satisfied customers
If I make $100. on a Brokerage account, I must report the
If I make $100. on a Brokerage account, I must report the profit as ordinary income. But if I lose $100 on a Brokerage account, do I also report the lost from my ordinary income?… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,138 satisfied customers
When I file my taxes and I'm paying a capitol gain tax on
When I file my taxes and I'm paying a capitol gain tax on one property but I have a lose on another property will I not have to pay as much capitol gain since I have lost money within the same year… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,138 satisfied customers
I rolled over one of my SEP accounts to Goldstar Trust, and
I rolled over one of my SEP accounts to Goldstar Trust, and bought gold coins with it. In 2013 and 2014 I took distribution (in kind) of my coins. I paid the personal income tax due on the amount of v… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
33,138 satisfied customers
Next year, I will be selling a house that will give me a
Next year, I will be selling a house that will give me a gain. I will also be selling a house in another state that will result in a loss. Can I subtract the amount I lose on the second house from the… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Can capital loss carryovers be used to offset capital gains
Can capital loss carryovers be used to offset capital gains tax on selling stock that is repurchased within thirty days… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
Im a little lost on what I do about my situation. For example,
I'm a little lost on what I do about my situation. For example, I started trading with 100k account In 2013, had one particular stock triple, sold it, and reinvested it into a couple others until now.… read more
CGassist.168
CGassist.168
Principal
8,706 satisfied customers
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
CGassist.168
CGassist.168
Principal
8,706 satisfied customers
One home we sold in 2012 had a loss when sold compared to construction
One home we sold in 2012 had a loss when sold compared to construction - purchase cost. While I would have to pay capital gains on any gains,, in fact we lost several hundred thousand. Do we have a de… read more
gregmey
gregmey
Financial Planning Associate
Bachelor's Degree
118 satisfied customers
If I have a capital loss in 2012 of 32,000 would this sum be
If I have a capital loss in 2012 of 32,000 would this sum be added to my gross income for 2012 or not?… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
Hello, I had bought a stock in 2009. I paid totally $4500
Hello, I had bought a stock in 2009. I paid totally $4500 in that year. Then the stock went down and finally bankrupt. It went bankrupt in 2011 i believe, i am not sure. I didnt do anything else on it… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
On Dec 7th 2005 we put a down payment of $ 21,300.00 on a pre-construction
On Dec 7th 2005 we put a down payment of $ 21,300.00 on a pre-construction home, and another down payment of $ 21,300 on May 16, 2006. When the house was ready to be closed we had not sold our current… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
This is a question for a CPA: I am currently unemployed
This is a question for a CPA: I am currently unemployed and used to make around $45,000 a year in 2011, mid way through the year I lost my job. I couldn't find work so I started investing in stocks on… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
I am a Canadian and I have lived in the US with my wife for
I am a Canadian and I have lived in the US with my wife for 4 years. I am currently a green card holder. When we came to the US we owned a property in Edmonton, Canada. Shortly after coming, we purcha… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

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

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x