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
Sold mineral rights I inherited last year and need to report
sold mineral rights I inherited last year and need to report long term capital gains and can't figure out what form on which to put them … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,631 satisfied customers
I need some advice re: cap gains tax on my parents' home.
I need some advice re: cap gains tax on my parents' home. Both of them are deceased (dad before mom). Since my name is ***** ***** along with mother, house became mine when she passed. I am currently … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
766 satisfied customers
I am trying to figure out what taxes I will be subjected to
I am trying to figure out what taxes I will be subjected to when I receive my inheritance. I live in South Carolina and my father's residency is in Florida but currently, has a 2nd home in New Jersey.… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,445 satisfied customers
I inherited 30 acres of land from my mother-in-law when she
I inherited 30 acres of land from my mother-in-law when she passed almost 3 years ago. I have been receiving royalty checks for the mineral rights since February 2017. I am now planning on selling the… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
4,384 satisfied customers
Maybe. Is this a chargeable service? How do you arrive at a
How do you arrive at a Step up cost basis for property inherited that has been in the family since the early 1920s … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,631 satisfied customers
10 years ago inherited mineral rights of unknown value.
10 years ago inherited mineral rights of unknown value. Never listed on estate return as value was unknown. Recently sold mineral rights for $400,000. For federal income tax purposes do I value basis … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,412 satisfied customers
Morning mother sold a piece of investment commercial
Morning mother sold a piece of investment commercial property in delaware that she and father owned for 35 years. Purchase price 35 years ago $35,000 sales price $600,000. Her tax rate will be 15%...h… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
21,631 satisfied customers
In consideration of capital gains taxation on sale of
In consideration of capital gains taxation on sale of inherited land which has been only modestly over the yrs with erection of two rustic buildings - the assessed value in 1965 seems quite low, resul… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,198 satisfied customers
My wife and I sold our gas mineral rights for $50,000.00 3
My wife and I sold our gas mineral rights for $50,000.00 3 months ago. I have a 401K at work that I've contributed 22,141.03 into. I'm 60 yrs old and my wife also works. Is there anything else we can … read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,998 satisfied customers
What tax percentage will be used to determine Federal taxes
What tax percentage will be used to determine Federal taxes owed & Oklahoma State taxes owed on the sale of Oil & Gas Mineral Rights in October 2016? The amount received from the sale $1,4991,886.87..… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,269 satisfied customers
Can I use a cost basis sale of inherited mineral rights or
Can I use a cost basis for the sale of inherited mineral rights or will I pay on the entire amount? If using cost basis, how would I determine that?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,198 satisfied customers
If I am selling a home that was financed in my mother's name
If I am selling a home that was financed in my mother's name but I paid all the mortgage payments and etc, and she passed away 10 years ago and I have been renting it to a friend and his wife who are … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,138 satisfied customers
I am looking creative way to avoid (legal tax avoidance,
I am looking for a creative way to avoid (legal tax avoidance, not tax evasion) the 28% collectibles capital gains tax on my physical gold and silver bullion when I decide to sell. I came up with the … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,138 satisfied customers
This is a California question. After my wifes mother passed,
This is a California question. After my wife's mother passed, she received a letter containing an unrecorded notarized deed granting her her mother's house as joint tenant, dated September 17 (I think… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,138 satisfied customers
In 2009 after my fathers death that same year, we (with the
In 2009 after my father's death that same year, we (with the help of an attorney) added myself to the deed of my 82 year old mother's house (Yukon Oklahoma). The attorney used a Joint Tenancy Warranty… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,892 satisfied customers
What are some acceptable methods for determining "basis" on
What are some acceptable methods for determining "basis" on farm land inherited in 2008, other than a professional appraisal? Half of the inherited was sold in 2012.… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
My wife inherited 5/12th of a farm in western Kansas when from
My wife inherited 5/12th of a farm in western Kansas when from her parents in 1991. I do not know the appraised value at that time. Two years ago the farm was appraised and my wife portion was $45,000… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
My mother passed away in October 2009, we used the county tax
My mother passed away in October 2009, we used the county tax value ($100,000) for her real estate when listing assets in probate court. We have just sold her home for $114,500. Will we have to report… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,198 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

84 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

269 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