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
Question of capitol gains and sale of property not primary
question of capitol gains and sale of property not primary residence … read more
Rick
Rick
MBA
13,122 satisfied customers
I have a lot attached with my home that I am thinking of
I have a lot attached with my home that I am thinking of selling. It is it's own tax lot but it abuts my home property. Is the capitol gains tax going to be the same as selling any other property since I actually live on that property as well? … read more
emc011075
emc011075
Master Tax Adviser
Bachelor's Degree
8,993 satisfied customers
I am trying to help my girl friend. she is sellinmg a
I am trying to help my girl friend. she is sellinmg a property that she bought 35 years ago. what would the capitol gains be on 18,000.000. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,614 satisfied customers
I sold our primary in 2020, owning it less than 2 years,
I sold our primary in 2020, owning it less than 2 years, what deductions can I make from the capital gains … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
Is there a way to delay paying the capital gains tax on the
Is there a way to delay paying the capital gains tax on the sale of your private residence … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
I have a couple of questions about capital gain and
I have a couple of questions about capital gain and recapture tax. Is the recapture tax set at 25% federal? It doesn't look like improvements have been depreciated, so I imagine that is added to basis… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
Our Revocable Living Trust was granted a vacant parcel of
Our Revocable Living Trust was granted a vacant parcel of land, which being the remnant of our great grandfather's farm (in NC), became land-locked by other development and infrastructure. As the parc… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
Second opinion] I sold my second house which I lived 6
Second opinion] I sold my second house which I lived 6 months per year for 22 years. What will be my capital gain if I made $100K profit… read more
emc011075
emc011075
Master Tax Adviser
Bachelor's Degree
8,993 satisfied customers
If I sell my house and profit over the $250,000 allowance
If I sell my house and profit over the $250,000 allowance for capitol gains ($340,000 total profit) as a single long term occupant, will I need to pay capitol gains if I have no income for the past co… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,928 satisfied customers
I'm trying to figure Capitol Gains. We sold a home in
I'm trying to figure Capitol Gains. We sold a home in Washington in2018. Bought new one inJan 2019. Where do I look for my capitol gains … read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,379 satisfied customers
I hAVE several rent houses and sold one this year. If I have
Hi I hAVE several rent houses and sold one this year. If I have a loss in my business how much capitol gain will I pau… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
I live in MD, just sold an investment property in NYC last
Hi, I live in MD, just sold an investment property in NYC last month. I am pre-paying Federal Taxes in installments. What other taxes will I expect to pay when I file for tax year 2018? Thank you in a… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
During a divorce settlement, a wife is awarded the home and
During a divorce settlement, a wife is awarded the home and the home has to be sold, the question remains in the home is solely in the name of the husband and he receives non of the proceeds due to th… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
My spouse purchased a farm for $ 64000, then upon our
My spouse purchased a farm for $ 64000, then upon our marriage added my name to the title as joint tenancy. He then died and I am selling that farm for $200000 (in the state of Missouri). How do I cal… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
I am NOT a resident of VA. Do I still have Cap Gains responsibility
I am NOT a resident of VA. Do I still have Cap Gains responsibility in VA? I AM a resident of FL. Do I have Cap Gains responsibility in FL? I thought CAP Gains was not related to my annual Federal tax… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
I inherited a portion of property in Virginia 10 years ago
I inherited a portion of property in Virginia 10 years ago and will cash out my inheritance in 2015. I live in Florida. The property will not be sold, only selling my % of ownership to another family … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
primary residence turned into a rental four years ago. Paid
primary residence turned into a rental four years ago. Paid 238000.00 in 2004. Sold today for 206000. Do I have to pay any capitol gains tax.… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,779 satisfied customers
We purchased a rental property in1997 for 140k added on 3 lrg
We purchased a rental property in1997 for 140k added on 3 lrg additions costs totaling 345k more then over the years depreciated 93k we sold it in april 2012 for 500k, we set up in 1996 a business for… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 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:

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

86 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

R. Klein, EA

R. Klein, EA

Enrolled Agent

271 satisfied customers

Over 20 Years experience in resolving tough tax cases

< 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