Capital Gains and Losses

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Related Capital Gains and Losses Questions
How do I determine the amount to be taxed as capital gains
How do I determine the amount to be taxed as capital gains for the sales of development rights to Ag preservation? … read more
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Re: depreciation recapture. Residential rental real property
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I need help in determining my adjusted basis and gain on the
i need help in determining my adjusted basis and gain on the sale of my rental property … read more
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Think of selling investment property I have home that we
Hello think of selling investment property I have home that we rent for years depriation 200k house valued at 695 morgage left 225k then a have a lot right next door paid 200k worth 65k if i got 700k … read more
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I have a term capital gain on residential real estate. IRS
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Lane
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I'm in a partnership/LLC with with 2 other members and a
I'm in a partnership/LLC with with 2 other members and a developer. We own the land and the developer is paying us when he sells a parcel. There are 30 lots. As I understand it capital gains are only … read more
Barbara
Barbara
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I own a condo in Hawaii, purchased in 2005 for ~$225k. I am
I own a condo in Hawaii, purchased in 2005 for ~$225k. I am currently selling the property and the sales price is $450k, with closing costs, commisions the net sale will be more like $420k. I'm a US c… read more
DK_CPA
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We just sold a home that has been rented for the last 6
We just sold a home that has been rented for the last 6 years. The purchase price was $50,000 and the selling price was $769,000. While we were still living in the house we paid about $70,000 for majo… read more
Tax.appeal.168
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I converted my condo to a rental in 2010. The FMV was
I converted my condo to a rental in 2010. The FMV was $235,000 which was used to calculate depreciation. I converted my condo back to personal use for one year (2015-2016) I converted my condo back to… read more
Lev
Lev
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I bought a townhome in Florida on March 2011 and lived there
I bought a townhome in Florida on March 2011 and lived there until may 2nd 2013. I have been renting it out ever since. I am planning to sell it now.1) the fact that I have used it as my primary resid… read more
emc011075
emc011075
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I have had some information from Lane but I have one more
I have had some information from Lane but I have one more question. The capital gains procedure described seems to focus on the purchase price and the sales price less depreciation. What about capital… read more
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In California, there used to be a one-time "dump" of capitol
In California, there used to be a one-time "dump" of capitol gains on the sale of your primary residence if you were 55 or over, and met certain conditions. Is this still in place? If so, what are the… read more
emc011075
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How do you compute capitol gains on a rental property sale
how do you compute capitol gains on a rental property sale where land is valued at 28% of property and land at 72%?… read more
Stephen G.
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I have a rental property that I sold in 2014. I had 2
I have a rental property that I sold in 2014. I had 2 capital improvements in 2013 that I was depreciating. How do I calculate basis? Do I add the remaining book value of two improvements to the undep… read more
R. Klein, EA
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Please assume a fact-specific situation involving depreciation
Please assume a fact-specific situation involving depreciation recapture on the sale of a rental home. Assumed facts: 2003: Taxpayer (TP) purchase primary home for $165,000 and lived in such home thro… read more
emc011075
emc011075
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I am preparing a tax return with an issue I have never had.
I am preparing a tax return with an issue I have never had. My client purchased investment property with his son several years ago. Last year they sold it. I know I need to split the basis and selling… read more
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Can you deduct the cost of improvements to a rental property
Can you deduct the cost of improvements to a rental property things that must be done to make it marketable?… read more
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When an overriding royalty interest in oil is sold for more
When an overriding royalty interest in oil is sold for more than the original cost, how will the gain be split between ordinary and capital if percentage depletion has been taken in excess of the orig… read more
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