Capital Gains and Losses

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I recently sold a property. The sale price was $835k. The
I recently sold a property. The sale price was $835k. The cash payout from fire damage was $447k.The adjusted basis of property is aprox $382k.What would I owe for federal tax and CA? And when should … read more
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My husband & I own a 7% interest in his Mom's home that will be sold for approximately $5,750,000. We will apparently owe California & Federal capital gains tax, but we live in Texas. Is there any way… read more
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If my parents gave me a house $0 gift on nov 2015 and i sold
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I am an retiree, and am have a rental house and planning to sell the house to move to another country, do I have to pay any capital gain on the house after I sold it?… read more
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I bought a shopping strip mall in 2006 and paid $12,400,00
I bought a shopping strip mall in 2006 and paid $12,400,00 for it. I now have to sell it for $8,200,000. My adjusted basis going in was $4,407,640. I had traded up into this property. Will I have to p… read more
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My wife & I purchased a 8-acre tract of land in November 2011 for $61,500.00. We sub-divided it into 3-lots. After our advertiseing cost, closeing cost ect we have $65,000.00 in the property. We plan … read more
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