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
Main question: Okay to not file Schedule K-1? Details: I got
Main question: Okay to not file Schedule K-1?Details: I got two K-1s for a couple of Stock ETFs because of my stock trades in 2018. Each is presenting a unique problem. I am wondering if I would get i… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
I have two questions: 1) I have a big capital loss carryover
I have two questions:1) I have a big capital loss carryover from 2017 plus more stock losses in 2018. Normally I am not allowed to use more than $3K for capital loss in a given year. But I sold a hous… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
I have a client who was in his final stage of life in 2018.
i have a client who was in his final stage of life in 2018. He had a personal residence which was converted to a rental property in 2016 because he was in assisted living. He died 9/9/18. His property… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
Confirm my state and federal capital gain for sale of 4plex.
Confirm my state and federal capital gain for sale of 4plex. Purchased Nov 2012 and lived in 1 unit until Jan 1, 2017. Here are my current calculations:Inputs: Original Purchase Price $ 824,162 Capita… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
Will the 20% pass thought be used with CG. Real Estate I am
will the 20% pass thought be used with CG JA: What are the assets or property involved here? Customer: Real Estate I am a Land lord JA: Anything else you want the Accountant to know before I connect y… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
980 satisfied customers
I just completed my question..guess it didn't go through??
I just completed my question..guess it didn't go through?? Several years ago a UGMA was opened for a 12yr old child; one Stock was purchased in amount of $1,500; unfortunately, the stock was not manag… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
Just trying to figure out depreciation on a house I sold
Hello, just trying to figure out amt depreciation on a house I sold this year … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,263 satisfied customers
I did a quit claim deed on my house in 2007 to my son. Since
I did a quit claim deed on my house in 2007 to my son. Since then I have rented from him. He now wants to sell the house so my question is: can he deed the house back to me the day of closing?… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
A couple bought a house when they got married. Lived in it 5
A couple bought a house when they got married. Lived in it 5 years, divorced, have rented it for more than two years, now they want to sell it and surely they will have a loss of about 70,000. Can tha… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
I sold my home in january 2015, closing costs were 42K, I
I sold my home for 635K in january 2015, closing costs were 42K, I bought the land in 1995 for 70k, I took a mortgage for 150K to build. In the past 20 years I spent 169K in repairs and improvements. … read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
Years ago, sold primary resident. Shortly after, paid cash
Years ago, sold primary resident. Shortly after, paid cash for small house ($280,000). Used house as rental shortly after purchase. Few years later, divorced. I got small house (rental) and financed $… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
File Form 8949 or 4797? I sold a commercial building and need
File Form 8949 or 4797? I sold a commercial building and need to report that sale and small capital gain. Which form should I use? I owned a biz and used that bldg for my biz, closed retail shop and w… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
I bought a 2-Family house 25 years ago. I immediately got a
I bought a 2-Family house 25 years ago. I immediately got a tenant and had 2 housemates share the second apartment with me. I split the house 22% for the apartment and 52% for the part I lived in (lea… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
We built our home on our land & lived in the home full time
We built our home on our land & lived in the home full time as our permanent residence for almost 11 consecutive years. We decided to rent our home to a perspective interested potential buyer mid-2014… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
Hi! By brothers fired me from my family business so I have
Hi! By brothers fired me from my family business so I have been unemployed since Jan but they had to buy me out so I have capital gains around 350k. Do I get the 0% rate? I'm guessing no but what's th… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
I am selling a condo that was purchased in 1990. Lived in
I am selling a condo that was purchased in 1990. Lived in for two years and then converted to rental from 1993 till now (2014). That would be 21 years as a rental. I purchased for 266K and am selling … read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
My husbands mother deeded her house to us in approximately
My husband's mother deeded her house to us in approximately 1978, reserving a life-time ownership for herself. She passed away in 1994 at the age of 95 years. we kept and rented the house until we sol… read more
Stephen G.
Stephen G.
Financial Advisor
Bachelor's Degree
8,325 satisfied customers
Hi, Me and my wife together have four rental units and we both
Hi, Me and my wife together have four rental units and we both work full time as well and receive w2s.I usually use TurboTax software to do my taxes. Most of the years we have losses. I was told by se… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 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