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
How are you. Have a condo in miami beach florda its a 2nd
have a condo in miami beach florda its a 2nd home investment property. my capital gains on this property after closing fees and stuff will be around $128k … read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
1,535 satisfied customers
We have a family irrevocable trust and have a properties
We have a family irrevocable trust and have a properties that are going to be sold. There are four members of the family. The net sale proceeds from the sale of the properties will be split four ways.… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,465 satisfied customers
My husband bought a house in 2003. He and his mother lived
Hello. My husband bought a house in 2003. He and his mother lived there until 2007 when my husband moved out. His mother continued living there until just recently. We are considering either renting o… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,365 satisfied customers
I am having trouble understanding special depresication for
I am having trouble understanding special depresication for my new truck (in service Aug 2018). It is use 90 percent for business. Our trade in truck was used 90 percent for business for the last 20 y… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,340 satisfied customers
This is a real estate investment capital gains question. I
Hello, This is a real estate investment capital gains question. I had bought a house upstate New York at a tax auction for $27,000. It's a large house and may have a value of $350,000. Legal expenses … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,465 satisfied customers
I have a rental property in Denver that I would like advice
I have a rental property in Denver that I would like advice on the steps to sell and avoid the new tax law cap gains harsh reality? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
How can I avoid paying taxes on a capital gains on a real
How can I avoid paying taxes on a capital gains on a real estate sale? This is the sale of a rental property.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,340 satisfied customers
Re: 1031 exchange vs paying off mortgage I'm not a tax
Re: 1031 exchange vs paying off mortgageI'm not a tax professional but I'd like to at least have a basic understanding on the pros/cons of paying off a home loan or buying another home via a 1031 exch… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I'm selling a property at that I have owned for 3 years and
I'm selling a property at that I have owned for 3 years and my buyer is also buying my neighbor's property. Since I connected my buyer to my neighbor they agreed to pay me a big profit. Can I take tha… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,533 satisfied customers
Does a married couple get a one time exemption for capital
does a married couple get a one time exemption for capital gains for investment property. Can they deduct off the gain any money spent on the rental over the period of them owing it? We were told we g… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,465 satisfied customers
I would like a CPA to answer this question please. Can I
I would like a CPA to answer this question please. Can I take the loss on the sale of a replacement property acquired in a 1031 exchange in 2006.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
Can you take the loss on the sale of a replacement property
Can you take the loss on the sale of a replacement property that was originally acquired in a 1031 Exchange ?… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,791 satisfied customers
On a 1031 tax exchange sale of a rental property, how do you
On a 1031 tax exchange sale of a rental property, how long do you have to purchase another property in the state of Washington to avoid capital gains tax? And how much is owed to the IRS if you use pa… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,791 satisfied customers
Before I married in 2014 I sold my home and didn't have to
Hi, before I married in 2014 I sold my home and didn't have to pay capital gains tax because the gain was less than $250,000. Now this year I am selling my share of a condo co owned with my sister tha… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
Did you say you needed more details. As stated: I have a
Did you say you needed more details. As stated: I have a rental on the market. My tax guy says the depreciation is "maxed" out. We are presently purchasing another rental in advance - settlement is so… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
I have a question on capital gains. I closed on the sale of
I have a question on capital gains. I closed on the sale of a vacant land lot yesterday which I purchased in 2011. We walked away with $31,670 after the previous loan and closing costs were settled. W… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
I have a rental in Chicago. It was my primary residence
I have a rental in Chicago. It was my primary residence for 4 years before I had to move to another city. I leased the unit on Jan 1, 2013, and want to sell the unit. If sold, the likely gain will be … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
i just sold a rental property with houseboat zoned commercial
i just sold a rental property with houseboat zoned commercial and have not lived on property in last five years. sale was 600k, purchase price was 232k with 120k in improvements; if i find another pro… read more
angelwork1111
angelwork1111
President
Bachelor's Degree
8 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:

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

86 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

R. Klein, EA

R. Klein, EA

Enrolled Agent

271 satisfied customers

Over 20 Years experience in resolving tough tax cases

< 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