Capital Gains and Losses

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I own and operate farmland in Montana and am considering
I own and operate farmland in Montana and am considering selling it and purchasing farmland in Puerto Rico.Would the purchase of land in Puerto Rico qualify for a 1031 like-kind exchange?If I move to … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I'm a resident of Puerto Rico and am selling shares in a NYC
I'm a resident of Puerto Rico and am selling shares in a NYC coop. Is the sale considered a sale in New York or in PR? Taxes in NY or federal? … read more
bkb1956
bkb1956
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How are capital gains calculated in America for non-resident
Second opinion] How are capital gains calculated in America for non-resident aliens please? So, for example, what would be the CG liability (if any) in America if we as Brits sold a property we had ow… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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As a US citizen living abroad if I start to do side work as
Second opinion] As a US citizen living abroad if I start to do side work as self employed individual, if we use foreign earned income exclusion for it, I know that I must still pay the self employment… read more
Carter McBride
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My last return to NJ was resident for 2016. Now I live
My last return to NJ was resident for 2016. Now I live abroad. but my income is below 10K for the year 2017 and NJ rules says I dont have to file below 10K (I had a single member LLC there which I clo… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,028 satisfied customers
I have about $1100 from amazon for my book sales on their
I have about $1100 from amazon for my book sales on their site as royalty income. They sent me a 1099 Misc. When I enter this to the tax software system it automatically generates a schedule E. Is thi… read more
Carter McBride
Carter McBride
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To exclude something in the foreign income exclusion form,
Second opinion] To exclude something in the foreign income exclusion form, does it have to be something that we are paying tax to the foreign country? If not do we include that particular item as norm… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,028 satisfied customers
To exclude something in the foreign income exclusion form,
To exclude something in the foreign income exclusion form, does it have to be something that we are paying tax to the foreign country? If not do we include that particular item as normal US income in … read more
TaxRobin
TaxRobin
Tax Preparer
Vocational, Technical or Trade School
18,805 satisfied customers
1-when i live in a foreign country, until i earn good income
1-when i live in a foreign country, until i earn good income i want to take the foreign income exclusion. then if i start to earn high income i want to switch to deducting foreign tax method. can i do… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,972 satisfied customers
When i move to a foreign country: 1-if i choose foreign
When i move to a foreign country:1-if i choose foreign income exclusion vs. deducting taxes paid there, am i going to be stuck with the method i choose forever, or, we can change back and forth as we … read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
G: I had asked about this before but I am not clear about
For Steve G: I had asked about this before but I am not clear about one thing now.. I am a NJ resident. Even if I move and live abroad permanently, i was told before that I am still considered a resid… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
Dual citizen filed US tax return. There were significant
Dual citizen filed US tax return. There were significant capital gains tax from stock sale in US. Home country (closer ties) instructed taxpayer to file US return 1st and then they would determine if … read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I left USA several months ago, end of 2015... and I am
I left USA several months ago, end of 2015... and I am living overseas now. I do not know when I will return to USA, it depends on if I find a good job in the US, or I will continue staying overseas. … read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
hi - as a us citizen abroad, do i have to pay both federal and state cap gain taxes on a r
hi - as a us citizen abroad, do i have to pay both federal and state cap gain taxes on a rental property sold abroad? I've owned the property for over 1 yr so the fed rate would be 15% right? which st… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
77 satisfied customers
Hello, I may move to overseas soon for a long time and get
Hello, I may move to overseas soon for a long time and get employment there. All I will have left in USA is an LLC in one state and my profesional engineering licence in another state. q1) for the for… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
77 satisfied customers
I have got some remote help for my LLC website in 2012 and
I have got some remote help for my LLC website in 2012 and now doing my taxes. I paid the overseas individuals with paypal. Now I learned that they need to fill form W8ben to me. I sent those to them.… read more
levr
levr
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
Hello, I will move back to my native country soon but i am
Hello, I will move back to my native country soon but i am a US citizen so I know I have to report my income worldwide. I know that up to 96 k per year i am exempt from US tax as long as I meet the ab… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
I am a part year California resident. I moved to Nevada on
I am a part year California resident. I moved to Nevada on Sept 4, 2011. I sold stock in 2011 before my move date, while in California, for capital gains of around $125K. I also sold additional stock … read more
Arthur Rubin
Arthur Rubin
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