Capital Gains and Losses

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I o my owned my home for 2 years and sold it shortly after
I o my owned my home for 2 years and sold it shortly after that time is it exempt from reporting to the irs … read more
Lev
Lev
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Bachelor's Degree Equivalent
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How are capital gains reported on a sale of and S-corp and
How are capital gains reported on a sale of and S-corp and where do they show up on the K-1?… read more
Lev
Lev
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Real Estate Dealer Profit Split Among Friends Question I
Real Estate Dealer Profit Split Among Friends QuestionI purchased a house at an auction in Florida in my name but there was 3 of us that went in on the purchase with equal amounts and then equally spl… read more
Tax.appeal.168
Tax.appeal.168
Principal
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We sold a house--not our main home--in which one of our
We sold a house--not our main home--in which one of our son'slived. He works for us, didn't pay rent--did renovate the house and we split most of the costs--anyhow, can't figure out what form to use--… read more
Chad EA, CDFA®, CFP®
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Do I have to pay capital gains on the sale of my home if I
Do I have to pay capital gains on the sale of my home if I lived there for 20 years and who is suppose to send me the l099 form … read more
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I converted my main home to a rental in 2007, fmv 499k at
I converted my main home to a rental in 2007, fmv 499k at conversion, I sold that property 2016, for 485k do I need to show anything on the tax return. I did not receive any 1099s for the property. If… read more
Lane
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I am doing my 2016 taxes now question 1) I received a 1099
I am doing my 2016 taxes nowquestion 1) I received a 1099 from amazon about the royalties i earned for selling my book on their platform. Is there a place to show this amount specifically on tax form … read more
Lev
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My husband and I separated and sold our home in Florida. We
My husband and I separated and sold our home in Florida. We sold it 25 months after purchase, but I moved out after living there 19 months. I took a loss on the home because I put more money into the … read more
Stephen G.
Stephen G.
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I purchased condo for $12,000. 17 yeaars later sold it for
I purchased condo for $12,000. 17 yeaars later sold it for $37,500. I haave to pay capital gains. Schedule D line 16 said to enter the amount on line 16 which is an adjusted figure but not 15% of prof… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I just sold a , I just sold my home that I lived in
I just sold my home that I lived in for 14 years. I paid 125,000.00 for it. I sold it for 190,000.00. Do I have to pay capital gains tax. I live in Louisiana … read more
Tax.appeal.168
Tax.appeal.168
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In December 2014, I sold my primary home for $305,000, which
In December 2014, I sold my primary home for $305,000, which I lived in for just over 7 years. Minus all the fees, commissions, and paying off the existing mortage, I made exactly 33,846.29 dollars pr… read more
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Tax.appeal.168
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I CO-OWNED A HOME WITH SIBLING WHICH WAS SOLD THIS YEAR. SHE
I CO-OWNED A HOME WITH SIBLING WHICH WAS SOLD THIS YEAR. SHE DIDN'T CLAIM ANY CG ON HER TAXES. I HAVEN'T FILED AS YET. CAN I CLAIM ALL CG ON MY FILING? CHECK WAS MADE OUT TO ME ONLY.… read more
Barbara
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Stephen, need your help again. I am doing my taxes, (turbo),
Stephen, need your help again. I am doing my taxes, (turbo), entering the information regarding the sale of a house on 6/14 and the purchase of another home. Not married, but have a partner. When I en… read more
Stephen G.
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My unmarried partner and I sold a home in 2014 for $1MM+ gross.
My unmarried partner and I sold a home in 2014 for $1MM+ gross. Each of us received a 1099-S that represents half of the gross proceeds. Each of us had 50% ownership. The Capital Gain is < $200k. S… read more
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I am reporting a long-term capital gain on the sale of real
I am reporting a long-term capital gain on the sale of real estate. Where and how is the lower capital gains tax calculated/applied on Form 1040, Schedule D, and/0r Form 8949?… read more
Megan C
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I purchased physical gold though a brokerage house They are
I purchased physical gold though a brokerage house They are holding the gold When I sell the gold how do I reported it on my 1040? Do they have to supply me with any documentation ie 1099's like they … read more
TaxRobin
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We sold some standing timber last year and were given a tax
We sold some standing timber last year and were given a tax for from the forestry co. listing the sale as a real estate transaction proceed ( 1099-s). How do I file this on our tax form?… read more
USTaxAdvising
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I had a rental house in Arizona. I live in Washington. I sold
I had a rental house in Arizona. I live in Washington. I sold it as a Short Sale in July 2011 for 66,000.00 the mortgage was for 168,000.00. Will I be taxed as a capital gain? if so for how much? Can … read more
FredStevens
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