Capital Gains and Losses

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I am selling my home that i have lived in for 15 years on
I am selling my home that i have lived in for 15 years on contract to a family member . will i pay capital gains on the payments i recieve, or is only the interest i recieve taxable?… read more
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In 2008 we paid cash of 80K for a second home to rent to our
In 2008 we paid cash of 80K for a second home to rent to our daughter. In 2009 we and her signed a 15 year land contract (LC). For 2009 -2018 we reported the LC interest on Schedule B and principal pr… read more
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If I sell my house as installment after 2 years of primary
If I sell my house as installment after 2 years of primary residence, will the gain or interest be taxable?… read more
Robin D.
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I'm having a hard time finding out how rent to own income is
I'm having a hard time finding out how rent to own income is handled tax-wise. It would seem to me the deposit and income portion that is the equity portion would not be considered income, only that p… read more
PDtax
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Last year we sold our home. We owned less than 5 years and
Hello. Last year we sold our home. We owned less than 5 years and made less than $250K in profit, so according to what I know we owe no capital gains. … read more
Robin D.
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I. We are residents of Florida. We have sold a home in
we are residents of Florida. We have sold a home in Wisconsin that we have had ro 43 years. We have made many improvements over the years. When do we pay the capital gains tax to state of Wis.. The closing was May 18,2018. … read more
Chad EA, CDFA®, CFP®
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Re sale of vacant land in San Diego county. How much capital
Re sale of vacant land in San Diego county. How much capital gains will I pay on a profit of $130,000. I have held the property for 17 yrs and will hold the the note for 5 yrs. Buyers down payment is … read more
Stephen G.
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I want to sell a piece of property and carry the note how
i want to sell a piece of property and carry the note how will this effect my taxes … read more
ABC Accounting Group
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What methods are available to defer Capital Gains on the
What methods are available to defer Capital Gains on the sale of a primary residence? My excess gain after the $500K exclusion will be ~ $349K… read more
Stephen G.
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I am selling my little busiiness after 21years measly
I am selling my little busiiness after 21years for a measly 65K,,...all equipment was sec.179 depr. at 100percent many many years ago...So i am guessing all the money i say is coming in from equipment… read more
Lev
Lev
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WE INVESTED OUR LIFE SAVINGS WITH NEW YORK LIFE. RECEIVED
WE INVESTED OUR LIFE SAVINGS WITH NEW YORK LIFE. RECEIVED PRETTY GOOD INTEREST FOR A WHILE, THEN IT DROPPED TO 1%. WE HAD TO START TAKING MONEY FROM OUR PRINCIPAL SO THAT WE COULD LIVE. WE WERE LIVING… read more
R. Klein, EA
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I am selling an investment property at a considerable profit.
I am selling an investment property at a considerable profit. It was my primary residence years ago. I do not wish to buy a "like-kind property." Can I avoid capital gains taxes by putting my profit i… read more
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I bought a home for 75000 and sold it for 160000 after putting
I bought a home for 75000 and sold it for 160000 after putting 25000 into it. I sold it nothing down at 5.75 percent for 25 years. Do I have to pay taxes?… read more
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I have a very unique case that I need advise on: in 1999 my
I have a very unique case that I need advise on: in 1999 my ex-husband & I purchased 10 acres of land for $22,000 that joined up to our residential home that also had 10 acres. The land had been repos… read more
jgordosea
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I have a loan in place for my business. Sold it in 2011 and
I have a loan in place for my business. Sold it in 2011 and buyer has 5 year note at 4.5%. There is about 2 1/2 yrs left on note. Seems like they are having a cash flow problem and have approached me … read more
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In 2001, my parents sold my two siblings and I their property
In 2001, my parents sold my two siblings and I their property for $1 each. We have joint tenancy, one of us lives there, the other two have not since the sale. Two of us are selling our shares to the … read more
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How is the $250,000 capital gain exemption handled when I seller
How is the $250,000 capital gain exemption handled when I seller finance my house sale and receive incremental payments over say 5 years?… read more
R. Klein, EA
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I have reached the age where I am thinking of selling my small
I have reached the age where I am thinking of selling my small buisiness contact for deed with the purchaser paying a $50,000 down payment,will there be any capital gains on the downpayment?… read more
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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.

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