Capital Gains and Losses

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

Connect one-on-one with {0} who will answer your question

Related Capital Gains and Losses Questions
We sold our home in state for 875,000. this home was
we sold our home in washington state for 875,000. this home was inherited and was appraised at 497,000 when myself and my two sibling inherited it. my brother and sister and i had a written agreement … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,643 satisfied customers
Is there any way to avoid capital gains? My 95 year old
Is there any way to avoid capital gains? My 95 year old mother is selling her house and does not want to reinvest. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,219 satisfied customers
My mother in law died 6 years ago and her house was valued
My mother in law died 6 years ago and her house was valued at $500k then. If it is distributed out of a living trust now with a value of $650,000, is the $150,000 of gain taxable now or ornly when we … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,319 satisfied customers
I have a very specific question based on my tax rate
I have a very specific question based on my tax rate relating to my status as a dependent. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,319 satisfied customers
Question My Mom had a Living Trust formed in 1992 with my
Question My Mom had a Living Trust formed in 1992 with my Dad as the sole Trustee/Beneficiary. The Trusts assets were real estate that they had owned jointly before establishing the trust. Per the tru… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,926 satisfied customers
I just put together a spreadsheet by going to Covered
I just put together a spreadsheet by going to Covered California - the state site for 'Obamacare' and using their Shop and Compare tool to compare the different health plans, premiums and federal cred… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,926 satisfied customers
My dad had put the house he owned into a trust. He did this
My dad had put the house he owned into a trust. He did this while still alive. He has since passed. The house was sold after he passed away. It sold for $135,000.00 in the state of CT. It was original… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,926 satisfied customers
Years ago my brother, sister and I inherited a piece of
Years ago my brother, sister and I inherited a piece of property from our parents. The value at that time was assessed I believe at $200,000. We added a new $40,000 roof, did Phase 1 and 2 (whatever t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,926 satisfied customers
My sister is the POA and executor for my mother's estate.
My sister is the POA and executor for my mother's estate. The trust sold a house in 2016 at a loss. The house was empty from 2012 when my mother died until the sale in 2016. We found out that the trus… read more
PDtax
PDtax
Owner
Master's Degree
4,338 satisfied customers
Morning mother sold a piece of investment commercial
Morning mother sold a piece of investment commercial property in delaware that she and father owned for 35 years. Purchase price 35 years ago $35,000 sales price $600,000. Her tax rate will be 15%...h… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
16,188 satisfied customers
I inherited 60 acre farm from my father 2010. I sold that
I inherited 60 acre farm from my father 2010 . I sold that property 2016. I do not know the valve of the property when he passed. I think I will have to pay gain only . … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,340 satisfied customers
California - TRUST AB - Inheritance - RE 1031 Exchange My
California - TRUST AB - Inheritance - RE 1031 Exchange My mother has died with an AB trust. Three children sharing equally. House in Trust part B was valued at $375,000 at time of father's death, curr… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,649 satisfied customers
I placed my primary residents in a irrevocable trust, the
i placed my primary residents in a irrevocable trust, the trust sold the house and purchased another residents for my wife and i. the new was less and the extra money was place into a trust account, a… read more
PDtax
PDtax
Owner
Master's Degree
4,338 satisfied customers
My mom died in 2014. She had put her home in both my name and
My mom died in 2014. She had put her home in both my name and my sister's name. We have sold the house and will split the money from the sale. Will it be considered capital gain? If i purchase a home … read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Combine home with wifes capital gains tax carryover?
My wife and I live in California. I inherited money a few years back and bought a home. My home is in a trust that my father set up for myself. Now that I'm older, and my business is becoming very suc… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,649 satisfied customers
My father just passed away and left his New Jersey home to
My father just passed away and left his New Jersey home to his children. There are three of us and we all live in New Jersey. The house is valued at $350,000 and will sell for same. His other assets t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
My father died 12 years ago and my mother had her house put
My father died 12 years ago and my mother had her house put in my and my sisters name with "lifetime rights". She died 2 years ago and we sold the house last year. From which date are the capital gain… read more
angelwork1111
angelwork1111
President
Bachelor's Degree
16 satisfied customers
My brother and I are considering accepting an offer on a small
My brother and I are considering accepting an offer on a small piece of property(about 1/5 of an acre) on which several cell tower companies are located. We have been receiving rent of around $1,500 a… read more
FredStevens
FredStevens
Accountant
Bachelor's Degree
37 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