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
Term capital gains. Real estate. We closed on/acquired the
We closed on/acquired the property July 10th, 2020 in Arizona; purchased for 331,520 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
I have a question regarding capital gains on a home sale. I
HI I have a question regarding capital gains on a home sale … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
Trying to calculate my capital gains taxes on a house sale.
trying to calculate my capital gains taxes on a house sale … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
I HAVE PURCHASED THE PREMIER VERSION DUE TO CRYPTO
I HAVE PURCHASED THE PREMIER VERSION DUE TO CRYPTO INVESTMENTS, LOSS FOR THIS YEAR. YOUR HELP QA KEEPS STATING TO EXPAND THE SELECTION AREA WHICH IS WHERE CAPITAL GAIN/LOSS IS. How do i get my program… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,368 satisfied customers
If I inherited a home with a mortgage, how does the mortgage
If I inherited a home with a mortgage, how does the mortgage or any of the related costs to pay the mortgage off (interest and fees) affect the capital gain? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
Lev, Please pick up the question I have posted since last
Dear Mr. Lev,Please pick up the question I have posted since last night on "How to report the extra rental income of $6000/yearly for the last 5 years to the IRS"Your inputs will help me to guide my f… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
Schedule D, I would like to review, I need to back up on my
I need to back up on my entries on schedule D, Part 11, Line 10 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
Questions about 2017 tax revision. Schedule E, f6198,
Questions about 2017 tax revision. Schedule E, f6198, Schedule SE. I need a walk-through by a TAX ACCOUNTANT. Just looking for help with filling in these few forms, putting the right information where… read more
Roxanne625
Roxanne625
Master of Accountancy
1,640 satisfied customers
I am working on a 2018 Partnership Tax return. We purchased
I am working on a 2018 Partnership Tax return. We purchased a commercial property and wanted to deduct lender expenses from my closing statement.I was using IRS publication 527 and on the last column … read more
Carter McBride
Carter McBride
LLM
8,030 satisfied customers
I realized this year, while doing my taxes for 2018, that I
Hello, I realized this year, while doing my taxes for 2018, that I had an error in my 2017 tax return... I used Turbo Tax, and I don't know how, but it didn't take my correct information from my prior… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
My Federal capital loss carryforward worksheet shows $6,994.
My Federal capital loss carryforward worksheet shows $6,994. When I do my state return it is showing a carried forward loss ot $10,8835. Please explain … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,069 satisfied customers
I am buying a property (with a friend) and within one month
I am buying a property (with a friend) and within one month will sell it to someone else for a large profit. I'm trying to avoid a withholding tax of 3 1/3% if I open an LLC. How would I qualify for a… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I am missing a capital gains LOSS this year and see that in
I am missing a capital gains LOSS this year and see that in 2012 I had a carryover of over $12,000 and it did not carryover to 2013 with the 2013 version of turbotax. How do I recover these lost deduc… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I'm trying to figure out how to file my upcoming tax return
I'm trying to figure out how to file my upcoming tax return when it involves capital gain from sale of a home my wife and I bought together with out daughter … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,026 satisfied customers
I need an accountant to help me with a few review questions
I need an accountant to help me with a few review questions about balance sheets, income statements, etc. Are there any accountants online?… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
Ok, in penny, in pound. My new wife bought a house in CA
Ok, in for a penny, in for a pound. My new wife bought a house in CA many years ago for $15,000 (that is not a typo), and years later did a tax-free exchange with a house in GA. The California house w… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,358 satisfied customers
Re: Ohio Oil and Gas Lease Hi. California resident owns
Re: Ohio Oil and Gas Lease Hi. California resident owns two parcels in Ohio. Leased both for 5 yrs. up front payment of $20,000 PLUS royalties IF oil is pulled out of ground. Leased expires after 5 ye… read more
olwagner
olwagner
30 satisfied customers
My great grandmother sold her home for $655,000 in 2011. She
My great grandmother sold her home for $655,000 in 2011. She sold the home because at 97 she was becoming quite Ill and needed money for her care. How much capital gains will she likely pay? She purch… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 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