Capital Gains and Losses

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I sold my equity in a mini storage to my son. I took a note
I sold my equity in a mini storage to my son. I took a note from him for for 20 years at a 5 per cent interest rate. My accountant is using all payments as straight income. Can or should the principal… read more
levr
levr
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I'm back. On April 5 in our conversation, you said that the
I'm back. On April 5 in our conversation, you said that the trust should "enter the capital loss on 1041 K-1, line 4a.....check the box on the form to show this is not the final K-1." I was thinking t… read more
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Stephen G.
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Can you structure a loan such that the return on the loan is
Can you structure a loan such that the return on the loan is treated as a capital gain? I heard about performance based loans whereby the return on the loan is linked to an index e.g. stock market and… read more
PDtax
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If I carry the note on the sale of investment real estate,
If I carry the note on the sale of investment real estate, do I pay capital gains on the profit at point of sale, or only on income generated per year?… read more
emc011075
emc011075
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I own 2 homes here in Utah that I have rented little over 6
I own 2 homes here in Utah that I have rented for a little over 6 years. I have a little over 120K in equity in one of the homes and was considering selling it and then re-investing the returns into t… read more
emc011075
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Property sale $720,000 Basis $380,000 Expenses est. $40,000
Property sale $720,000 Basis $380,000 Expenses est. $40,000 Property is in a trust with 3 daughters (not brother), court supervised agreement stipulates 50% of net sale proceeds is to be paid to broth… read more
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I am the co-founder of a business that has yet to be
Hi,I am the co-founder of a business that has yet to be incorporated as a c-corporation in Delaware, US. We have brought on a co-founder and given him equity as compensation. He is an experienced cons… read more
Jason M. Tyra, CPA
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I have a partnership interest in a limited partnership. My
I have a partnership interest in a limited partnership. My interest in the partnership is being bought out by another firm. I received a partial amount in 2014 and the remainder will be in 2015. For t… read more
Taxtom
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if a recipient of a grat trust receives funds from a
if a recipient of a grat trust receives funds from a property sale held in that grat into their own personal trust account, do they pay the capital gains according to their income bracket? or is it a … read more
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SHORT TERM CAPITAL GAIN, 10,000, YET TOO LITTLE INCOME TO EVEN
SHORT TERM CAPITAL GAIN, 10,000, YET TOO LITTLE INCOME TO EVEN FILE A 2014 RETURN. AM I REQUIRED TO FILE A RETURN UNDER THESE CIRCUMSTANCES ? i'M 87 YEARS OLD. haven't FILED A RETURN LAST 4 YEARS. GAI… read more
CGassist.168
CGassist.168
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French citizen has a US securities account at TD Ameritrade.
French citizen has a US securities account at TD Ameritrade. I have been informed by TD Ameritrade that there will be withholding on Interest & Dividends but not Sales of securities. Assuming profitab… read more
jgordosea
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If the purchase price cannot be calculated because the price
If the purchase price cannot be calculated because the price is payable in continuing installments over the lifetime of the seller, how are capital gains on the sale (of securities in a closely-held b… read more
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I own an oil and gas company and we are selling our working
I own an oil and gas company and we are selling our working interest in a oil field. We should get between 2 and 3 million for it and after paying off debts and other investors I will end up with appr… read more
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Hello - My wife had $250,000 invested in a company that provided
Hello - My wife had $250,000 invested in a company that provided loans to the long-haul trucking industry. The 250k purchased loans (which my wife would technically then own) which the finance company… read more
R. Klein, EA
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Hypothetically, is a $11.842.00 stock loss on a $ 41,000.00
Hypothetically, is a $11.842.00 stock loss on a $ 41,594.00 original long-term investment non- deductible? We received $ 29,000.00 this 11/27/12.… read more
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How can we avoid capitol gains taxes by deeding property to
how can we avoid capitol gains taxes by deeding property to our son. It is currently a rental, but he wants to move in and purchase it.… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
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my wife sold a property in India and almost 99 prcent of the
my wife sold a property in India and almost 99 prcent of the proceeds are capital gains, amounting to about Rs. 40 million ( Approx. $834,000) She paid 20 percent of that amount as capital gains tax t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
two tax questions: first, I founded a company in 2007 and
two tax questions: first, I founded a company in 2007 and planned to sell financial advisory newsletter. However, the global financial crisis keeps me earning money, instead, all my money in the compa… read more
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R. Klein, EA

R. Klein, EA

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