Capital Gains and Losses

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I inherited a house in joint tenancy with my stepfather with
I inherited a house in joint tenancy with my stepfather with right of survivorship when my mother died in 2005. My stepfather died July of 2019. I invested money to renovate the house to sell. Would I… read more
emc011075
emc011075
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My parents purchased a property in 1972 for 33K. They
Hello, my parents purchased a property in 1972 for 33K. They divorced and in May 2001 a quick claim deed joint tenancy was executed adding my sister's name to the property and removing my mothers name… read more
Barbara
Barbara
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I was a joint tenant in Maryland with mom. Mom lived in the
I was a joint tenant in Maryland with mom. Mom lived in the condo. Mom dies in 2013, brother lives in condo too dies in 2014. I sell condo in March 2017. How do I calculate capital gains? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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My husband and his mother (now 80) were both on the deed for
My husband and his mother (now 80) were both on the deed for the family home in Alamosa, Colorado where she resided. She has been in assisted living for 3 mos. now. On advise from family they took her… read more
Barbara
Barbara
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In 2014 my mother put my name on her deed. My father was
In 2014 my mother put my name on her deed. My father was deceased, and I am her only child. She passed in Oct, 2016. We were in the process of selling the property and had it under contract at that ti… read more
Stephen G.
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My uncle and his wife bought a house for $335,000 in 1985.
My uncle and his wife bought a house for $335,000 in 1985. She passed away in May and now he is considering selling. The property is now valued at $2,500,000. We expect commissions to be about $125,00… read more
Richard
Richard
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My niece inherited a house in Ithaca, NY from her mom. Her
My niece inherited a house in Ithaca, NY from her mom. Her name has been on the deed for 1 year, but she has lived there since 2013 (caring for her sick mom before she died in April 2014). She has fil… read more
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My parents purchased a 3 family house on "L" St in South Boston
My parents purchased a 3 family house on "L" St in South Boston in the early 1950's for $20,000. My mother signed it over to my sister by a Quitclaim deed in 1984. My mother died in in 1998. My brothe… read more
Stephen G.
Stephen G.
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My wife and I bought a house in CA in 2002 for $1.45M, and
my wife and I bought a house in CA in 2002 for $1.45M, and held title as joint tenants. My wife died in 2006, and I became sole owner, and the house was reappraised for the occasion at $2.1M. So, firs… read more
Tax.appeal.168
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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
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A client of mine sold her personal residence gain of
A client of mine sold her personal residence for a gain of $389,000 after her $250,000 exemption for being single, she has owned the home since 1978. She had to sell the property because she was diagn… read more
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i have a home via a va loan. I am divorced and the house was
i have a home via a va loan. I am divorced and the house was deeded to my ex spouse. It is about to be sold. There will be equity after paying off the loan. can i get some basic advice on how she shou… read more
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In 2014 my wife sold a second property (not our primary residence)
In 2014 my wife sold a second property (not our primary residence) for $454K that she had allowed her mother to live in for 14 years without paying rent (my wife never lived there). She sold it for a … read more
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My mother in law lives in the State of CA she is 67 and has
My mother in law lives in the State of CA she is 67 and has been retired for two years. She just sold her home in San Anselmo for $700,000. She and her husband paid $22,000 for the home 40 years ago. … read more
PhillipB EA
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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
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my mother is selling her home my father died 5 years ago. together
my mother is selling her home my father died 5 years ago. together they paid 256,000 for it and the selling price will be 623,000 what will she have to pay in taxes. she is 85 and has retirment income… read more
Arthur Rubin
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My mother-in-law is 83 years old. She has two children and
My mother-in-law is 83 years old. She has two children and 9 grand children. She has a trust for her estate which at this time has an approximate value of $1.75 million, and currently all the assets a… read more
R. Klein, EA
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My mother quit claim her houese to me (daughter) after she was in a nursing home with an o
My mother quit claim her houese to me (daughter) after she was in a nursing home with an occuoancy agreement subject to an inclusion within the scope of Linderme vs Commisioner. Several years later, i… read more
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