Capital Gains and Losses

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My husband received a job promotion June 2018 that moved our
My husband received a job promotion June 2018 that moved our family From TX to LA. One year later the company realigned the regions and moved us back to TX. We bought our house for $510 last year, but… read more
emc011075
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I'm going to be selling my home in calif next year. I'm
I'm going to be selling my home in calif next year. I'm trying to figure out what I will pay in capital gains. I'm selling the house for $450.000. I paid $84,000 for it many years ago. Counting improv… read more
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I converted my condo to a rental in 2010. The FMV was
I converted my condo to a rental in 2010. The FMV was $235,000 which was used to calculate depreciation. I converted my condo back to personal use for one year (2015-2016) I converted my condo back to… read more
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My wife died of cancer ,so I sold the house of 19 years.I
my wife died of cancer ,so I sold the house of 19 years.I found a house to buy with $97,459. in equity and cash combind.the purchase price was $192,459 including closing cost.8 months later I discover… read more
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O.K- now the other side is, my property (1.23 acres) is dividable into 5. How does that effect Capital Gains? The thought is to sell to a developer then it wouldn't be a short sale but, not sure which… read more
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In California, there used to be a one-time "dump" of capitol
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emc011075
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In calculating capital gains on sale of home in California
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We purchased a home in SC on 10/04/2006, purchase price
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Are there exceptions to the 2/5 rule when selling a rental
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Im in the process of selling my rental condo property.
Hello, Im in the process of selling my rental condo property. My profit will be around $120,000. I need to know how much will be the capital gain tax on that amount. Im trying to pay some bills and co… read more
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My father just passed away and left his New Jersey home to his children. There are three of us and we all live in New Jersey. The house is valued at $350,000 and will sell for same. His other assets t… read more
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