Capital Gains and Losses

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My. My mother recently sold a house that she received
My mother recently sold a house that she received through my father's will. He was given the home by his parents. My mother has had the house since his death almost nine years ago. It has been vacant for the last twenty years. … read more
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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
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My mother deeded over to me 30 acres of farm ground and her
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1) My parents owned a house outright in North Carolina. When
1) My parents owned a house outright in North Carolina. When my father passed away 5 years ago, my mother was in ill health so we immediately transferred ownership to my adult daughter (their granddau… read more
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My mother passed away Jan 15 of this year. Unbeknownst to my
My mother passed away Jan 15 of this year. Unbeknownst to my sister and I my mother has had us as owners listed on the deed since 2002. Do we have to pay capital gains tax from the time the house was … read more
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My two sisters and I were deeded my mother's house when she
My two sisters and I were deeded my mother's house when she was still alive 20 years ago. She has since died, and the three of us are going to sell the house (to my brother). The house was worth about… read more
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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
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I live in Rhode Island and so did my 91 year old Mother. She
I live in Rhode Island and so did my 91 year old Mother. She just sold her home in May. My name as well as my brothers, sisters and of course my Mothers name was on the deed at the time of the sale. M… read more
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Your email address came up while I was researching taxable
Hello, your email address came up while I was researching taxable gains on my Mother's home that I recently sold.Scenario1. I am an only child 2. My Mother put my name on her house (the house I grew u… read more
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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
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We sold our mothers home after she died. The home was in the
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My mother purchased a condo in 1979 in her name. She prepared a quit claim deed to my brother and I in 1999. The original purchase price was around 45,000. My mother assumed the original loan at the t… read more
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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
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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 mum owns a property which was passed on from my father when
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my father bought his house in 1970 for 18000 dollars with him
my father bought his house in 1970 for 18000 dollars with him and my mother on the deed. in jan 2012 my mother set up a trust that the house was ours but she could live here unil she died, three weeks… read more
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In 2008 my Dad died and my sister rushed my mother into putting
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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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