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
We moved from CA to Texas on April 19, 2018. My wife sold
We moved from CA to Texas on April 19, 2018. My wife sold her CA insurance agency on Sept 1, 2018 while we were a Texas resident resulting in a $850,000 capital gain. How much, if any, do I allocate t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,019 satisfied customers
Belong to music business Association called Merlin; by
Belong to music business Association called Merlin; by policy, we are vested in 4% of equities Merlin obtains/owns. Recently Merlin sold some equities for which it was the owner of record and had held… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,019 satisfied customers
I'm trying to decide if I should sell a second home I have a
I'm trying to decide if I should sell a second home I have a 250,000 cap gain on or try and make it a primary residence and avoid the tax. I'm retired and my wife and I's income is only $22,000.00. About how much cap gain tax would I owe? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,806 satisfied customers
I am a small business owner and our state is considering
I am a small business owner and our state is considering legislation to impose a capital gains tax. The legislation provides the following exemption for businesses.: (6) Property used in a trade or bu… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,627 satisfied customers
I have 640 CBA shares purchased over a period under DRP
I have 640 CBA shares purchased over a long period under DRP obviously they vary in price on purchase. It is my intention to sell the share as it will effect my pension next year. I understand that CG… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,806 satisfied customers
Lev, Another treaty question. This time New Zealand. I can
Lev,Another treaty question. This time New Zealand. I can find nothing in the treaty that would allow taxpayer deduction for their Kiwisaver (pension) contribution nor the part their employer contribu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,019 satisfied customers
I am a New Zealand resident & taxpayer and i own a small
I am a New Zealand resident & taxpayer and i own a small New Zealand registered investment company which invests in NZ and Australian public company shares My daughter lives in Australia and is an Aus… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,806 satisfied customers
I did some research and found the following: "Q: A
I did some research and found the following: "Q: A non-resident seller/grantor has submitted the required estimated gross income tax payment on the sale of real property in New Jersey, but believes he… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,019 satisfied customers
My spouse purchased a farm for $ 64000, then upon our
My spouse purchased a farm for $ 64000, then upon our marriage added my name to the title as joint tenancy. He then died and I am selling that farm for $200000 (in the state of Missouri). How do I cal… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,603 satisfied customers
What are the tax consequences of a limited partner fully withdrawing
What are the tax consequences of a limited partner fully withdrawing / liquidating their capital interest from a "trader" hedge fund? Limited Partner was an employee of the hedge fund. Hedge fund is b… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
All the heirs of our 1st cousins probated estate recieved
All the heirs of our 1st cousins probated estate recieved from the cpa a form showing $900 long term capital gains tax. Si is this simply 15% on $900? I can use 900 of a stock loss of $4,000 in 2009 t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 satisfied customers
In 2013 a Canadian company with a 30% interest in an associated
In 2013 a Canadian company with a 30% interest in an associated company and common shareholders was acquired by a UK Special Purpose plc by way of a 1 for 1 share exchange. The shares in both Canadian… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,806 satisfied customers
If I bought 4,000,000 shares in a Nevada C Corp as a founder
If I bought 4,000,000 shares in a Nevada C Corp as a founder at $0.001 per share and after few months of developing my software, I issued 500,000 shares to investors at $1 each, increasing the value o… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
In 2001 I moved to Israel and quit deeded some property to
In 2001 I moved to Israel and quit deeded some property to my mother (incase I didn't come back) who is now 79 years old. It is still in her name. I have paid the taxes on it to date. Recently we deci… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,603 satisfied customers
What will be the Federal and California State tax consequence
What will be the Federal and California State tax consequence in the following scenarios, please? Co-op apartment owner and non-married primary resident acquires a capital gain of $100,000 in value wh… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
There is an A/B trust. The husband died and the split of the
There is an A/B trust. The husband died and the split of the trust put an apartment house valued at approximately 1,900,000 in the B trust. The Credit Shelter listed the decedent as owning 87.5% of th… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I have been offered a loan by my company in order to early
I have been offered a loan by my company in order to early exercise 4 years worth of stock options and therefore take advantage of the capital gains tax rate rather than being taxed as ordinary income… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 satisfied customers
I had General Motors bonds which became assest of Liquidation
I had General Motors bonds which became assest of Liquidation Motors after the GM bankruptcy. The bonds were converted ( I call it that becasue the bonds dissapeared from my account and were replaced … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 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