Capital Gains and Losses

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Related Capital Gains and Losses Questions
Could bonus depreciation on a purchased property be used to
Could bonus depreciation on a purchased property be used to "cancel out" depreciation recapture tax on a sold property? Or would the bonus depreciation only apply to reduce the capital gains owed on t… read more
Lane
Lane
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I have large capital losses for stocks on my taxes which I
I have large capital losses for stocks on my taxes which I was writing off 3000 per year which will continue for years to come. With Trumps new 12000 maximum deduction, the write off does not save me … read more
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Lane
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I have a few rental properties and I've just sold one last
I have a few rental properties and I've just sold one last week. I have a few questions: 1. Can I use my losses to offset my depreciation in this property. All of my properties are under my name for t… read more
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Lane
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Is it true that a medical doctor is not permitted to take a
is it true that a medical doctor is not permitted to take a capital loss isnt that discri,,,,,,,,,,,,mination … read more
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Robin, my brother sort of botched the job of trustee of my
Robin, my brother sort of botched the job of trustee of my mom's estate and he might get audited and get the rest of us siblings audited too as a way for the IRA to untangle the mess. So I'm now on th… read more
Robin D.
Robin D.
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I plan to sell my cottage in New York State in 2018 and wish
I plan to sell my cottage in New York State in 2018 and wish to avoid a tax on my capital gains profit of $200,000. My wife and I will have a taxable income of $50,000 (seems to be a 12% tax rate in 2… read more
Robin D.
Robin D.
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I have rental property in Italy that I purchased in 2003. It
I have rental property in Italy that I purchased in 2003. It meets the criteria for a rental. I have used no more than two weeks a year, it is continuously marketed for rental. It consistently has run… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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If a person doesn't have a real estate license but works for
If a person doesn't have a real estate license but works for a property management company. He helps showing, do walk through and helps screening tenants and also calls handyman to help with maintenan… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Are capital gains on the sale of recreational real estate
Are capital gains on the sale of recreational real estate paid with your income tax? Our primary residence burned, almost a total loss in 2006, and I lost the receipts for considerable improvements to… read more
Lane
Lane
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Doctoral Degree
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My dad owned a two family and lived in it. in 2005 he
hi. my dad owned a two family and lived in it. in 2005 he changed his ownership to a life estate interest with me as the new owner. i paid him ten thousand dollars. (this was to help qualify him soone… read more
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Dr. Fiona Chen
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When it comes to investments, does the benefit of investing
When it comes to investments, does the benefit of investing in real estate and being able to deduct depreciation costs, repairs, interest, outweigh the benefit of just investing in index funds?… read more
Lane
Lane
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Doctoral Degree
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I have a very large loss of about $500K of coins stolen by
I have a very large loss of about $500K of coins stolen by my X girlfriend this year. I have a police report of the crime. I am thinking of selling a real estate property. is the capital gain from the… read more
Stephen G.
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I have a single member LLC that purchases, rehabs, and sells
I have a single member LLC that purchases, rehabs, and sells real estate. All properties sold last year were held less than 1 year. Should I report them on Schedule D or treat as ordinary income (ente… read more
Robin D.
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Hi I'm Roger. I need advice from a NJ tax professional. This is specific to NJ taxation of a partnership's gains on selling its only asset (property), and how the partnership accounts for the gain bec… read more
Jason M. Tyra, CPA
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I have a question about the capital gains exclusion that
Hi! I have a question about the capital gains exclusion that allows one to avoid capital gains tax if they lived in their house for 2 out of the last 5 years. I'm trying to figure out the exact date t… read more
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New York State versus IRS capital gains question: My mother
New York State versus IRS capital gains question: My mother passed away in November 2013 leaving a sizable (taxable) estate to her 4 heirs who are New York residents. Included was her home located in … read more
jgordosea
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I recd 20% of the proceeds from the sale of my mothers home
I rec'd 20% of the proceeds from the sale of my mother's home after her death. I did not own the home and was not on the deed. I rec'd a 1099S from the escrow company. After researching on line and ta… read more
Stephen G.
Stephen G.
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We bought a Timeshare for $10K few years ago and paid it off
We bought a Timeshare for $10K few years ago and paid it off in cash. Since we seldom use the timeshares and we did not want to spend more money paying for the quarterly dues, we decided to get rid of… read more
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