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
We are a family of 4 living in Texas USA with 2 college kids
We are a family of 4 living in Texas USA with 2 college kids age 22 and 20 where the kids have not yet filed their tax returns for 2019. Prior to that, in 2018, they were claimed as dependents in our … read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
My 91 year old mother sold farm land in 2019 - for 96,400
My 91 year old mother sold farm land in 2019 - for 96,400 (father bought for 5400 in 1945). She did not receive a 1099S. And she has not filed since the 1990's - only had social security income. I hav… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
19,654 satisfied customers
My mother just sold her house that is out of state, I am on
My mother just sold her house that is out of state, I am on the deed to the house, in order to defer the taxes at this time can the money check be made payble to me and I set-up an IRA account? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
We sold our house that we live in over 20 years, April 2019
April 2019 we are seniors and sold home for 1.55 mil and we bought that house for 319 thousand plus 75 thounsay in 20 year … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
19,654 satisfied customers
I have a friend living with me almost all year of 2018. She
I have a friend living with me almost all year of 2018. She is 25 and had no income. I know that she does not meet the definition of a child. However, she has a infant son who also lived here. I was t… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
19,654 satisfied customers
We have a 22 year-old who attends collage and had NO income
Hello, We have a 22 year-old who attends collage and had NO income in 2018.This year I am considering including him as dependent, BUT… He managed to get capital losses in 2018 and capital gains in 201… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
19,654 satisfied customers
I am 17 years old and received a W-2. I am about to file my
Good morning. I am 17 years old and received a W-2. I am about to file my taxes but I'm wondering if I can claim myself as an independent. My mother already claimed me even though I lived with my dad … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,113 satisfied customers
Originally I was citizen of India and I moved to US about 11
Greetings! Originally I was citizen of India and I moved to US about 11 years ago and I am US citizen now. I own real estate (land) and recently I have sold it and they have paid some down payment and… read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,065 satisfied customers
Can I claim my 19 yr old who is a full time college student
Can I claim my 19 yr old who is a full time college student and made about 8,000 last yr working? If I claim my child can my child file taxes and claim his 2 month old? … read more
Carter McBride
Carter McBride
LLM
4,411 satisfied customers
Last year we sold my mothers house after she went into the
last year we sold my mothers house after she went into the nursing home. the house was quit claim deeded to me and my brother in 1998 with a life estate. my parents bought the house in 1991. my father… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,113 satisfied customers
About 10 years ago my brothers and sisters and I formed an
About 10 years ago my brothers and sisters and I formed an LLC to purchase our parents farm, we recently sold the property and my share of the profits was 92000 dollars, I am retired and have an annua… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
I owned a home jointly with my mother. She has passed away
Customer: ***** *****. I owned a home jointly with my mother. She has passed away and had not paid the taxes The house was sold at sheriff sale and I received a check from proceeds of sale. Will I owe… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
80 satisfied customers
Is there any taxable gain in the year of a merger of a
Is there any taxable gain in the year of a merger of a stock? How is it reported in that year. How do you compute the new cost basis of the new stock?… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 satisfied customers
Our sale of partnership interest agreement was that I sold
Our sale of partnership interest agreement was that I sold my 23.75% to two other partners on 3/31 and neither buyer nor seller would have any claims or obligations beyond that day. If it was done cor… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,555 satisfied customers
SHORT TERM CAPITAL GAIN, 10,000, YET TOO LITTLE INCOME TO EVEN
SHORT TERM CAPITAL GAIN, 10,000, YET TOO LITTLE INCOME TO EVEN FILE A 2014 RETURN. AM I REQUIRED TO FILE A RETURN UNDER THESE CIRCUMSTANCES ? i'M 87 YEARS OLD. haven't FILED A RETURN LAST 4 YEARS. GAI… read more
CGassist.168
CGassist.168
Accountant
8,141 satisfied customers
my 91 yr old mother has a home in massachusetts that is in
my 91 yr old mother has a home in massachusetts that is in her revocable trust. the home is now owned by her 4 adult children. my father put it in all our names decades ago. the home is paid for in fu… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
I am retired. I have a rental property I have had for over
I am retired. I have a rental property I have had for over 20 years. my income will be about $46,000(adjusted income) for 2013. iam filing head of household. if I sell this rental for about 70,000, ho… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,555 satisfied customers
I claimed my son as dependent for my 2011 tax return. My son
I claimed my son as dependent for my 2011 tax return. My son lives with my wife but I pay for 90% of child support. IRS is asking me to either file 8332 or form 2120. as per form 2120 Claiming a Quali… 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