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 have an carry over loss on various stocks that went poorly
I have an carry over loss on various stocks that went poorly years ago. I am able to write of 3,000 per year against these losses since then, its been about 20 years. I have a remaining carry over los… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,186 satisfied customers
My family(less than 100 joint owners) owns the land that was
My family(less than 100 joint owners) owns the land that was developed into 81 units (condos and privite)which might be on the market for sale at their option. the lesees pay rent for now and the next… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,570 satisfied customers
I'm contemplating starting small business in the automotive
I'm contemplating starting small business in the automotive repair sector. The business will operate in New York City. I'm thinking to go the single-member LLC route, (op. agreement, minutes, etc) and… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,934 satisfied customers
This is about writing off bad investment in a Foreign
This is about writing off bad investment in a Foreign Start-Up. I invested about 40k (part of $3mm round) in a foreign start-up in 2016. They raised an additional $5mm in 2017. This year (2018), they … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,757 satisfied customers
IS there a way to offset capital gains taxes from a business
IS there a way to offset capital gains taxes from a business loss on a K1. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,757 satisfied customers
I had a stock trading account for several months in 2016. I
I had a stock trading account for several months in 2016. I pass the material participation test, and was responsible for all trading in the account. The result was a $13,366. capital loss. Can I dedu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
Two non resident aliens from India are going to start a USA
Two non resident aliens from India are going to start a USA C corp with their son as an officer to get the ein number, etc. The son has a social and is a resident alien. The C corp is planning on inve… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,818 satisfied customers
Can I give $400,000 of profits from property sale to builder
Can I give $400,000 of profits from property sale to builder to hold as contingency and avoid capitol gains tax?… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
I am going to start a new business this year. To qualify for
I am going to start a new business this year. To qualify for using the resources of a company I have to pay 65,000.00 which includes training, support services and mentoring. It is not a franchise. Cu… read more
PDtax
PDtax
Owner
Master's Degree
5,015 satisfied customers
The s corp has the following losses: 2006.......12000 loss 2007......15000
The s corp has the following losses: 2006.......12000 loss 2007......15000 loss 2008.......23000 loss 2009......5600 profit 2010......45000 loss 2011.....23000 loss 2012......3200 profit 2013......120… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
An llc is selling a multifamily rental property, There is
an llc is selling a multifamily rental property, There is one member inthe llc, we will call, Mr. owner. Mr. owner lives in a 2 family home, which is under his personal name. Can the llc sell the mult… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,349 satisfied customers
I have approx. $11K in LT capital gains and $3K in ST
I have approx. $11K in LT capital gains and $3K in ST capital gains for 2015. In March, I had RSU's that vested at about $58/share (and paid ordinary tax on that value). The stock today is trading at … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,818 satisfied customers
I have complex situation...i own llc (husband & wife only)
i have complex situation...i own llc (husband & wife only) that holds land and office buildings in canada with bunch of investors. For example the land parcel, there are 35 other investors with me. Pa… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,349 satisfied customers
In Maryland, USA, you can file a single owner LLC tax return
In Maryland, USA, you can file a single owner LLC tax return along with a personal return. For individuals, the limit on capital gains loss is 3K. Is there a separate limit for businesses who, I'm sur… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,757 satisfied customers
----selling a personal residence with a loss. can i take it
----selling a personal residence with a loss. can i take it as a capital loss? ----selling a boatslip that i bought as an investment. never had any income from it. now selling it at a loss. can i take… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,349 satisfied customers
Hi, you seem to know a lot about the market to market election
Hi, you seem to know a lot about the market to market election for day traders. I know that the election must be made prior to the tax filing deadline. What form must be used to for the filing of M2M.… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
we are liquidating apartments and commercial space in a building
we are liquidating apartments and commercial space in a building which we completed the construction of in 1983 and formed a condominium, We have held these apartments in condominium form and rented t… 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
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

78 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