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
I'm retired and a company stock I owned was just purchased
I'm retired and a company stock I owned was just purchased by IBM for a $350,000 long-term capital gain to me. Social Security pays me about 2300 a month plus I probably earn another $50,000 a year in… read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
461 satisfied customers
We're about to final a home sale in Calif. We bought the
We're about to final a home sale in Calif. We bought the land in 1983 for $360,000 (51 acres). We built a small home and lived in it for 6 years while we built a larger home, finaled in 1990. It is 45… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
Sold a second home and went through schedule d with 8949s
sold a second home and went through schedule d with 8949s work sheet. my earned income was in ten percent bracket. trying to figureout if there is tax on it … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,893 satisfied customers
I am selling my business for 750k and was told that whole
I am selling my business for 750k and was told that whole amount will be 35% … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,893 satisfied customers
Is there a one time Capital Gains exemption for a person
Is there a one time Capital Gains exemption for a person selling their first property after age 65. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,893 satisfied customers
Under the new tax reform, what will be the capital gains tax
Under the new tax reform, what will be the capital gains tax rate if I withdraw $30,000 this year from my individual Traditional IRA / stock portfolio account?… read more
PDtax
PDtax
Owner
Master's Degree
4,791 satisfied customers
Will I have to pay capital gains tax on sale of land for
Will I have to pay capital gains tax on sale of land for $262000. The original value was 10000 and expenses to sell was 5000. I file jointly and our taxable income is 73000. I have owned the property … read more
Carter McBride
Carter McBride
LLM
3,223 satisfied customers
Military serving in a combat zone and my income on my
I'm US military serving in a combat zone and my income on my projected 2017 W2 will put me in the 10% tax bracket because of the CZTE. I wish to sell some investments that will incur long term capital… read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
199 satisfied customers
My spouse and I are over 66 years we have a combined gross
My spouse and I are over 66 years we have a combined gross income of $65000. I am selling my business that I have for 14 years for $270000 I did not buy the business I created it How much capital gain… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,893 satisfied customers
Trying to understand…I read if your income is zero you owe
Trying to understand…I read if your income is zero you owe no cap. gains Are your gains now defined as income for that year. Selling real estate with a million dollar gain Best way to avoid without 10… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
I am selling a 25 acre tract of land that I have had for
I am selling a 25 acre tract of land that I have had for 20years. I bought it for 200.000.00 and am selling it for 400,000.00. I will have a long term capital gain of 200,000.00. how much of that will… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,183 satisfied customers
What is the capital gains "rules" in WI. We have a new
What is the capital gains "rules" in WI. We have a new construction house, been in for a year but are thinking of selling.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,610 satisfied customers
Is it true that married couples earning less than $76,000 a
Is it true that married couples earning less than $76,000 a year would not have to pay capital gains taxes or income tax on interest or dividends?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
Selling an investment property--SFR. I have about $150,000
Selling an investment property--SFR. I have about $150,000 profit. I've owned the home 8 years. Will i pay 15% capital gains tax, or my personal tax rate when I sell the property?… read more
Richard
Richard
Owner
Doctoral Degree
4,995 satisfied customers
I own A Condo which I may sell soon. I cannot afford to live
I own A Condo which I may sell soon. I cannot afford to live here and pay all the expenses at this time. My income tax has been $0.00 for the last couple of years as I am on disability and cannot purs… read more
Richard
Richard
Owner
Doctoral Degree
4,995 satisfied customers
We are selling a retail business which include reaeastate
We are selling a retail business which include reaeastate 1.5 M real estate plus 2.5M business(goodwil). When we bought it was 1.0M.We have taken all depreation of I M in our past tax return. I am one… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,610 satisfied customers
I am in a 10% to 15% tax bracket ( last 5 years) on ordinary
I am in a 10% to 15% tax bracket (for the last 5 years) on ordinary income this year 2015. I am considering selling stocks and will incur capital gains. What percent will I pay on the capital gains? I… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
Has the tax rate for LT capital gains changed for 2014???
Has the tax rate for LT capital gains changed for 2014??? IF so how, what amount does change take place?? What is the maximum amount of adjusted gross income a taxpayer filing jointly may earn before … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 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:

R. Klein, EA

R. Klein, EA

Enrolled Agent

265 satisfied customers

Over 20 Years experience in resolving tough tax cases

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

77 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

< 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