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
My wife and I own a house with my mother in law. It was my
My wife and I own a house with my mother in law. It was my wife's childhood home and it was initially owned by her mom for 25 years. She added us to the title last year.She passed away about six month… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,250 satisfied customers
My mom purchased a home, closed in oct 2017 (took possession
My mom purchased a home, closed in oct 2017 (took possession 8/2017) for $75k. It was falling apart and we put in $40,000 to bring it up to code. We found out my husband is relocating for work from Cl… read more
Carter McBride
Carter McBride
LLM
5,451 satisfied customers
My mom is 82 years old and lives in Daly City California.
My mom is 82 years old and lives in Daly City California. She has lived in the same house for 56 years. She owns the house outright. Her husband died 2 years ago and also lived in the house. She is lo… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
18,414 satisfied customers
My mother-in-law is a Canadian citizen with real estate
My mother-in-law is a Canadian citizen with real estate holdings in Alberta. She is 89-years of age and needs help in her everyday living. She has been living with my wife and I for less than 6-months… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
18,414 satisfied customers
If we sell our condo in 2018 do the new tax laws increase or
If we sell our condo in 2018 do the new tax laws increase or decrease taxes we would have pain last year with the two of us claiming $250,000 reduction? … read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
18,414 satisfied customers
Does it matter what % of the house the lease says she owns
does it matter what % of the house the lease says she owns to get the deduction with the green card? When we bought the house after she gave up here green card to work for the UN all around the world,… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
18,414 satisfied customers
If my wife is not a citizen, has a card, lives in this house
If my wife is not a citizen, has a green card, lives in this house for two years + a day, and is not a citizen of the US, can she still get the $250K capital gains amount savings on her part of our ho… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
18,414 satisfied customers
I have a real estate property that I'm looking to use to
i have a real estate property that I'm looking to use to form a lcc with my mother (currently a rental property, she intends to live there and pay off the remaining mortgage of $140k, house appraised … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,250 satisfied customers
Help me please the next question: My wife is Card holder
Hello! Help me please the next question: My wife is Green Card holder from April 2017. She is going to sell her house in Russia where she was lived more than 10 years, before she moved to the USA in A… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,250 satisfied customers
Perhaps 40 years ago, my aunt received a stock portfolio as
Perhaps 40 years ago, my aunt received a stock portfolio as a gift. The portfolio consisted of approximately 16 stocks. Some 20 odd years ago she made her husband JT/WROS. After her passing, he made m… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
963 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
21,581 satisfied customers
House was gifted to my aunt more then 20 years ago from her
House was gifted to my aunt more then 20 years ago from her mother. She has lived in it as her primary residence since. Her husband passed away 3 years ago. Is her exemption only good for 250k, plus h… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,381 satisfied customers
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
Owner
Doctoral Degree
5,886 satisfied customers
My mother is selling her house. She is 81. She lived in the
Hello, My mother is selling her house. She is 81. She lived in the home 12 years. It was her only residence. 2 years ago, March 2014 she had a stroke and had to move in with me. She could no longer dr… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,125 satisfied customers
My mother recently moved to an assisted care facility. The
My mother recently moved to an assisted care facility. The family is now deciding on whether to rent her house out or to sell. The concern of renting is that we might have a large capital gain tax to … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,125 satisfied customers
My Grandfather who passed away had his house transferred into
My Grandfather who passed away had his house transferred into a trust that was split between My Aunt, Mother (Deceased), Uncle, and Myself. We are fixing it up to sell, will we be hit with Capital Gai… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,250 satisfied customers
I moved from Indiana to Nevada in May 2014 transferring
Hi I moved from Indiana to Nevada in May 2014 transferring my USPS job. I sold my primary residence in Sept for 135000. After paying the mortgage and fees... I realized about 60,000 dollars.I used it … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,125 satisfied customers
In 2009 upon my uncles passing my sister, dad, and I inherited
In 2009 upon my uncles passing my sister, dad, and I inherited equal shares of his 120acres=fair market value $1100 an acre. September 3, 2011 my father passed away and his adjoining 120acres appraise… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 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