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 purchased a home in January of 2019 then had a job change.
I purchased a home in January of 2019 then had a job change. We are currently selling our home to move to a location 40 miles away. I there a loophole for capital gains tax for a job change? … read more
Carter McBride
Carter McBride
LLM
3,118 satisfied customers
I bought a condo in August 2017 when my husband and I were
I bought a condo in August 2017 when my husband and I were separated. We divorced in October 2018 and as part of the divorce decree, the condo, which was mortgaged under both of our names, became my p… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,114 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
3,118 satisfied customers
I have stocks that will vest this year. When do I have to
I have stocks that will vest this year. When do I have to pay the taxes on the capital gains? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,869 satisfied customers
I have 2 houses right next door from each other. I lived in
I have 2 houses right next door from each other. I lived in the 1st house for 17 years. We bought a lot and built a house and moved in March of 2016 into the new home. We completed repairs on the old … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,869 satisfied customers
I purchased a house in 2002 and lived in it as my primary
I purchased a house in 2002 and lived in it as my primary residence until Oct 31 2015.On November 1, 2015 I rented the house and have claimed it on my taxesIf I sell the house before October 31 2018 w… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
My husband died in January. We had a commuter marriage - he
My husband died in January. We had a commuter marriage - he kept an apartment in San Francisco because he worked there four days a week and myself and the children live in Southern California. I sold … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,869 satisfied customers
How do you calculate capital gains tax on primary residence
how do you calculate capital gains tax on primary residence after 4 years of leaving residence?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,427 satisfied customers
In California, there used to be a one-time "dump" of capitol
In California, there used to be a one-time "dump" of capitol gains on the sale of your primary residence if you were 55 or over, and met certain conditions. Is this still in place? If so, what are the… read more
emc011075
emc011075
Master Tax Adviser
Bachelor's Degree
5,619 satisfied customers
We live in Manhattan, in a rental apt which is considered
we live in Manhattan, in a rental apt which is considered primary residence.we file taxes in this residence. we own a house for 17 years in the same state , New York , the house is about 65 miles from… read more
Richard
Richard
Owner
Doctoral Degree
4,978 satisfied customers
Here is my situation I am trying to determine my tax
Here is my situation I am trying to determine my tax liability for: - my wife and I bought a condo in May 2013 - moved for a work relocation (50+ miles away) in May 2014 - instead of selling at the ti… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,114 satisfied customers
Does capital gains tax has to be paid if you are the owner
Does capital gains tax has to be paid if you are the owner of a rental property and you move in yourself after 30 years. We paid $105,000 and it is assessed at $1,320,000.00. We have 3 houses includin… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
209 satisfied customers
I am going to sell my primary residence, and I believe I
I am going to sell my primary residence, and I believe I will have about $225 equity when I sell. I have lived in this property for four years. If I use that money as a downpayment on a new primary re… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,256 satisfied customers
My question concerns home ownership taxable gain exclusions
My question concerns home ownership taxable gain exclusions primary residence. I bought a house on Sept 15, 2005 ,000 and lived in it as my primary residence till September 15 2012. The home sat vacan… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,482 satisfied customers
We owned a property as our primary residence since April 2000
We owned a property as our primary residence since April 2000 until we became snow birds and lived partial year Jan -May of 2009 in our winter home. We lease our former home -2013 and converted it bac… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,482 satisfied customers
We have owned our WA house since 1986. My husband got a job
We have owned our WA house since 1986. My husband got a job in CA. He lived there August 2009-February 2015. We bought a condo in CA March 2011 and sold it Sept 2014. (We plan to pay capital gains on … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
My husband died in January of 2013. We were married for almost
My husband died in January of 2013. We were married for almost 47 years. I am planning on closing on my home on Nov. 18, 2014. We have lived in this home for 15 years. I plan to remarry and move to Ke… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,427 satisfied customers
We have lived in current home for 7 years however it was originally
We have lived in current home for 7 years however it was originally purchased by my sister. We lived together for 4.5 years before she married and moved into her own home elsewhere. I have continued t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 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