Capital Gains and Losses

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Related Capital Gains and Losses Questions
I have a term capital gain on residential real estate. IRS
I have a long term capital gain on residential real estate. IRS instructions say to put that gain on Schedule … read more
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We bought a foreclosure with my husband in the Dane county, we are planing to sale the condo in 2 3 months (we only have possession of this condo for 2 3 months), we will probably have a profit of 30 … read more
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I have purchased a real estate property with the intent to
I have purchased a real estate property with the intent to turn it into a vacation rental. Could someone please advise on best way to capitalize on any tax benefits relative to deductions / etc. that … read more
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Please help me calculate Federal and California capital gains taxes assuming I have NOT lived in my California house for 2 out of 5 years in two scenario's. Bought 2012 with cost basis of $275K. Selli… read more
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How much Capitol Gains Tax would I have to pay on $300,000
How much Capitol Gains Tax would I have to pay on $300,000 in Montgomery County Maryland. … read more
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W-2 income is $15k, am selling rental for grand kids
W-2 income is $15k, am selling rental for grand kids tuition. Cost $36k 23 yrs ago selling for $136k. Depreciation of $30k. Is the cap gains tax 0% because my regular income tax is below 15% … read more
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We are getting ready to sell our property in Aurora
We are getting ready to sell our property in Aurora Colorado. Paid $143,000, Owe 124,000 and estimated value is $265,000. We are married with a household income of $170,000. I am reading different ans… read more
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I own a house in 31 years. i am 65 year old and a low income
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Lev
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I purchased a 4 family house in Rochester, NY in 2003 and
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Re Rental Property/sale of residence. I bought a 2nd house
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We own a business in which I have one third partnership. we
We own a business in which I have one third partnership. we acquired it for 1.0 million. If we sell it 4.5 millions today how much capital gain I (one third partner) have to pay if my income is 150K a… read more
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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
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I owned a vacation rental, reported the income, and never
I owned a vacation rental, reported the income, and never took a depreciation deduction as expenses exceeded the income. I have sold the vacation rental, and there is a question about the basis. It bo… read more
R. Klein, EA
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If I sell my rental that has 33,000 depreciation I know will
If I sell my rental that has 33,000 depreciation I know will be taxed on this plus any profit, but will this 33,000 be included as income? I only make 39,000 a year. Will it make my income for 2015 no… read more
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How much will my mom pay in taxes for selling her home (more
How much will my mom pay in taxes for selling her home (more details below)? My mom is selling her house in San Diego, CA this year. She used to live there, but she has been renting it to tenants sinc… read more
PhillipB EA
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Hello, wife and I are seniors and have been reading about no
Hello, wife and I are seniors and have been reading about no capital gains for investments. We own an apartment complex of which was supposes to net us a retirement income. Yet it has not and the real… read more
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I thought that when Obama extended the Bush Tax Cuts, there
I thought that when Obama extended the Bush Tax Cuts, there would be no Capital Gains taz until after the end of 2012. However, I cannot find that information on your site. I have Rental Property that… read more
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