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
I bought some art sculptures as an investment in 2006. If I
I bought some art sculptures as an investment in 2006. If I sell my house in 2020 and the statues as well, can I use capital gains losses on the statues to offset capital gains on the house? If I sell… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,888 satisfied customers
I have two questions: 1) I have a big capital loss carryover
I have two questions:1) I have a big capital loss carryover from 2017 plus more stock losses in 2018. Normally I am not allowed to use more than $3K for capital loss in a given year. But I sold a hous… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,336 satisfied customers
I took a large dividend from a C Corp I own in 2018. I had a
I took a large dividend from a C Corp I own in 2018. I had a lot of crypto currency holdings that I am considering liquidating today. Are these capital gain losses deductible against the qualified div… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,888 satisfied customers
I am expecting a large ($100,000+) tax bill for the 2018 tax
I am expecting a large ($100,000+) tax bill for the 2018 tax year due to my long-term capital gains income. I would like to know what strategies are available to me to reduce the amount due.… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
4,234 satisfied customers
I have owned a rental condo for over 20 years. I have
I have owned a rental condo for over 20 years. I have reported losses each year of ownership and my accountant has reported those losses each year at filing. When I sell my condo, my losses will excee… read more
Carter McBride
Carter McBride
LLM
3,824 satisfied customers
I inherited a house when my mother passed away in 2012. The
I inherited a house when my mother passed away in 2012. The house sold in 2016 for less than the appraised fair market value in 2012 at the time my mother passed away. I want to take a capital loss on… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
When one stock mergers with another stock, that you have
Hi When one stock mergers with another stock, that you have held for a long time, I had a capital gain (1stin1stout). however I suffered a loss on the total value of the stock in the end. Since I am h… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,336 satisfied customers
I have a rental house which has lost money each of the last
I have a rental house which has lost money each of the last 5 years after considering depreciation and other expenses. These losses have been documented with the IRS. I would say the losses are about … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,780 satisfied customers
I'm selling my only residence which is under my company
Hello. I'm selling my only residence which is under my company name. I owned and lived there 4 years. I want the $50,000 capital gain to be offset from past investment losses under my personal, indivi… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,780 satisfied customers
I owned several single family homes, sold all of them in
I owned several single family homes, sold all of them in August, 2015. Now I have 2,800,000.00 capital gain. Please tell me how can I minimize capital gains tax ? Thank you.… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,780 satisfied customers
We have been carrying a lot of capital loss from 2008 able
We have been carrying a lot of capital loss from 2008 able to deduct only $3K each year. I have a rental house (a duplex, which I don't live in) that I would like to sell to myself at its current (app… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,780 satisfied customers
I have a $1 million loan on a $2 million house. I became disabled,
I have a $1 million loan on a $2 million house. I became disabled, could no longer work, and now I'm living on social security in a small rented apartment because I can't afford the house payments. I … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,336 satisfied customers
What are the tax implications of short selling a RENTAL PROPERTY?
What are the tax implications of short selling a RENTAL PROPERTY? Paid $229,000 in 2005, based on comps in the area it's worth about $95,000 now. Current mortgage balance is $160,000. No improvements … read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 satisfied customers
I am co executor and co beneficiary, along with my sister,
I am co executor and co beneficiary, along with my sister, of my late mother's NJ estate. My mother's will left her estate to us 50/50; this included a house and stocks. The stocks were transferred to… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
Some mutual funds I own have large capital losses. I am considering
Some mutual funds I own have large capital losses. I am considering selling them and taking the loss for tax purposes. How does that affect my tax situation this year and for how many years can the ex… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I apologize in advance for not providing enough detail, but
I apologize in advance for not providing enough detail, but here goes: I am a minority 10% owner in the LLC I work for. The company has been directed to unwind my equity portion and "buy back" my shar… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 satisfied customers
I have a large amount of capital losses from some bad stock
I have a large amount of capital losses from some bad stock market investments from the past few years. But I no longer have much invested in the stock market. Is there any way to monetize that capita… read more
Bill-the-CPA
Bill-the-CPA
Certified Public Accountant (CPA)
Master's Degree
55 satisfied customers
I had a rental house in Arizona. I live in Washington. I sold
I had a rental house in Arizona. I live in Washington. I sold it as a Short Sale in July 2011 for 66,000.00 the mortgage was for 168,000.00. Will I be taxed as a capital gain? if so for how much? Can … read more
FredStevens
FredStevens
Accountant
Bachelor's Degree
37 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