Capital Gains and Losses

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We are selling a home in Phoenix Arizona that we've owned
We are selling a home in Phoenix Arizona that we've owned since 2009, we have not lived in that home since 2011, we have a cost basis of 34000 and a list price of 169000. What could the capital gains … read more
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levr
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We bought a foreclosure with my husband in the Dane county,
We bought a foreclosure with my husband in the Dane county, we are planing to sale the condo in 2 3 months (we only have possession of this condo for 2 3 months), we will probably have a profit of 30 … read more
TaxRobin
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We bought a condo in CA, lived in it for 19 months. Didn't
We bought a condo in CA, lived in it for 19 months. Didn't like it and sold it ($310k purchase - $390,000 sale). Will we need to pay capital gains since we didn't live there 2 full years? … read more
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In the 80s, my father bought a large track of land and last
In the 80s, my father bought a large track of land and last year gave a portion of it to me and my husband. We estimate that portion to be worth about $120,000. He is a contractor and built us a house… read more
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When my father passed away, my brother and I divided a
When my father passed away, my brother and I divided a $500,000 estate equally per the terms of the will. My brother received his half in cash. I received my half in a house and cash. My husband is a … 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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We live in New York State. My husband and his two brothers
We live in New York State. My husband and his two brothers are selling their home, which they each own in 1/3 shares. It was purchased in 1963 for $23,000. Present selling price will be around $500,00… read more
TaxRobin
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I own A Condo which I may sell soon. I cannot afford to live
I own A Condo which I may sell soon. I cannot afford to live here and pay all the expenses at this time. My income tax has been $0.00 for the last couple of years as I am on disability and cannot purs… read more
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Richard
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I sold a rental house in November for $196,000. Purchase
I sold a rental house in November for $196,000. Purchase price in 2002 was $139,000 Trying to figure out my tax on this Joe… read more
USTaxAdvising
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I purchased a 4 family house in Rochester, NY in 2003 and
I purchased a 4 family house in Rochester, NY in 2003 and paid 100,000 for it. The house is under a sale contract for 150,000 and will close in January 2016. I have put on a new roof for 7000 and adde… read more
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Sold condo in SLC - 5 June 15. Will investing in an
Sold condo in SLC - 5 June 15. Will investing in an airstream trailer all of the profit-as a home fulfill the I RS requirement. Ronald L. Wooden - [email protected] .edu… read more
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I am in a 10% to 15% tax bracket ( last 5 years) on ordinary
I am in a 10% to 15% tax bracket (for the last 5 years) on ordinary income this year 2015. I am considering selling stocks and will incur capital gains. What percent will I pay on the capital gains? I… read more
Jonathan Tierney
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Our principle home is in New Hampshire. We have a vacation
Our principle home is in New Hampshire. We have a vacation condo in Florida we are thinking of selling and getting a different property. We paid approximately $100,000 for the condo and will be sellin… read more
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We are considering the sale of a home. We have owned for 17
We are considering the sale of a home. We have owned for 17 years, but not live in five years. After 12 years of home-office deduction and five years of amortization, I am estimating a capital gains o… read more
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Has the tax rate for LT capital gains changed for 2014???
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jgordosea
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Hello,I have bought a condominium here in Florida on Oct
Hello, I have bought a condominium here in Florida on Oct 27th 2011,now my husband has asked for a divorce and we will sell the condo. If I sell the condo before Oct 27th do we have to pay capital gai… read more
bkb1956
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I own a home with 3 sisters, and we keep it open year round
I own a home with 3 sisters, and we keep it open year round and use it as we wish. However, my other residence with my husband is a rental. My drivers license etc. is at my rental address. The house b… read more
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I own a NYC Taxi Mediallion. Paid $60,000.00 in 1984. It is
I own a NYC Taxi Mediallion. Paid $60,000.00 in 1984. It is now wothh $650,000.00 I won a condominum in NYC, paid $175,00 and have lived in it over 6 years. I am selling it for $540,000.00. I am retir… read more
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