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
If I have capital loss in Q1 2020, individual, can I apply
If I have capital loss in Q1 2020, individual, can I apply capital loss carry back to 2019 taxes I will be filing? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,746 satisfied customers
I have a pretty complicated tax question. Prior to our
Hi there, my name is***** and I have a pretty complicated tax question.Prior to our marrying, my wife was in possession of a brokerage account, which was under her father's name FBO of my wife, Joanna… read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
On my 1099-, I have a section titled "Unknown Term -- Code
On my 1099-B, I have a section titled "Unknown Term -- Code (X) report on form 8949 Part 1 or 2."Below that, it says "Box or Box E (basis not reported to IRS)" and it shows a dollar amount of the proc… read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
I received a schedule K-1 from my parents trust showing $
I received a schedule K-1 from my parents trust showing $ 4,916 in capital loss carry over. Where is this entered on my 1040? … read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,922 satisfied customers
Invested in promissory notes in a scheme which has now been
Invested in promissory notes in a scheme which has now been identified by the bankruptcy court as a Ponzi scheme--cannot use the Ponzi Safe Harbor Act method of reporting because the main culprit has … read more
taxmanrog
taxmanrog
Master's Degree
1,896 satisfied customers
I am setting up an investment account to day trade. Can I
I am setting up an investment account to day trade. Can I write off all my cost associated with that business If I am a sole proprietor? Such as interest on a loan I took to open the account? Payments… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,127 satisfied customers
I need help with crypto-currency taxes and the steps I need
I need help with crypto-currency taxes and the steps I need to take right to best position myself.The profits I have made in CC have not all been from Bitcoin, they have come from many coins going bac… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,127 satisfied customers
This is about an Incentive Stock Option (ISO) plan that
This is about an Incentive Stock Option (ISO) plan that allows you to pay to exercise vested options with other vested options.Example: after one year, 20,000 options have vested, all of which have a … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,270 satisfied customers
Two questions about tax reporting for Bitcoins: 1. I had
Two questions about tax reporting for Bitcoins:1. I had Bitcoin sales which actually caused capital losses. However, to reduce the chance of being audited, is it a good idea to NOT claim the capital l… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,127 satisfied customers
Are gains on revalued foreign currency held as an investment
Are gains on revalued foreign currency held as an investment for over 12 months taxed as a capital gain? … read more
taxmanrog
taxmanrog
Master's Degree
1,896 satisfied customers
I'm an F1 student (less than 5 years) on OPT employment, I
I'm an F1 student (less than 5 years) on OPT employment, I traded stocks on Robinhood with losses and received consolidated 1099-B with adjustments(wash sale), should I submit 8949 with all transactio… read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
I have an options broker in UK. My understanding is they are
I have an options broker in UK. My understanding is they are not regulated and are not going to send out any forms. How do I report IRS capital gains?… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,746 satisfied customers
I wrote a book and received royalties from amazon as i
i wrote a book and received royalties for it from amazon as i published it there. amazon sent me 1099-misc. but the software i am using has separate section for entering 1099 forms but i was planning … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,270 satisfied customers
I Need help determining if this stock transaction belongs in
I Need help determining if this stock transaction belongs in the 2014 or 2015 tax year. There are two trades to talk about here, both are closing of short sales of ETNs. Broker: TDAmeritrade Trade 1: … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I have realized capital losses as an individual U.S. Citizen
I have realized capital losses as an individual U.S. Citizen for the years of 2011 and 2012, both of which were substantially greater than the $3,000/yr limit which an individual is allowed to deduct … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
My company offers Employee stocks at 85%. If I invest $8500
My company offers Employee stocks at 85%. If I invest $8500 per year, they buy stocks for me worth $10000. If I want to save on taxes via capital gains (as opposed to short term gains), do I have to k… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I sold property overseas in Feb 2011 and invested foreign currency
I sold property overseas in Feb 2011 and invested foreign currency (FCY) proceeds in a one-year bond yielding 12%. However the FCY lost 10% by end 2011, from date of investment. Q1: Do I report any in… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I have about 200 plus forex / currency transactions all in
I have about 200 plus forex / currency transactions all in 2011 (first year trading Forex). All of which were opened and closed in 2011. None held for longer than a month, most for a few hours. The br… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 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

80 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

265 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