Capital Gains and Losses

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Related Capital Gains and Losses Questions
I had a jointly owned rental property in CA that I sold in a
I had a jointly owned rental property in CA that I sold in a 1031 asset exchange in 2017. I have three properties in SC I purchased with the proceeds. I am now interested in placing those houses in tr… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,062 satisfied customers
We are selling a rental property (no realtor) for about $3.5
We are selling a rental property (no realtor) for about $3.5 million, have a $1.4 mortgage and have put about $1 million into improvements. So about $1.1 million subject to capital gains. Can we do a … read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
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My husband and I are selling a house in MD that was used as
My husband and I are selling a house in MD that was used as a rental property. We are looking at netting about 60k from the sale and would like to know the tax implications/liability in the following … read more
Barbara
Barbara
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I'm in the middle of a 1031 exchange. We have completely
I'm in the middle of a 1031 exchange. We have completely withdrawn the 1031 account for this exchange by purchasing replacement properties. I am using my own cash/loans to purchase the remaining repla… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
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My girlfriend (unmarried domestic partner) Sold her home she
My girlfriend (unmarried domestic partner) Sold her home she has owned for 17 years yesterdayAnd received a check for $115.000She bought the house for $106.000 And lived in it the first three years th… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,782 satisfied customers
This is a real estate investment capital gains question. I
Hello, This is a real estate investment capital gains question. I had bought a house upstate New York at a tax auction for $27,000. It's a large house and may have a value of $350,000. Legal expenses … read more
Lane
Lane
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Can capitol gains from a farm which is being strip mined be
Can capitol gains from a farm which is being strip mined be used to acquire other farms? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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My husband and I are selling a vacation home that has
My husband and I are selling a vacation home that has generated some rental income. We purchased the house in 2008 for $285,000 and are selling for $315,000 (net approx $295,000 after the real estate … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
We have a family irrevocable trust and have a property that
We have a family irrevocable trust and have a property that is going to be sold in September. There are four members of the family. The property will be split four ways. Can one member do a 1031 excha… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,062 satisfied customers
Just sold property acquired after death of immediate family
just sold property acquired after death of immediate family member. funds were split four (4) ways. Now after several month of process completion. the question of taxable funds thru the Capital Gains … read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I bought a property for $100k. I have a buyer for $400k with
I bought a property for $100k. I have a buyer for $400k with owner financing. If I hold a note for $300k do i pay capital gains on $400k?… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,926 satisfied customers
California - TRUST AB - Inheritance - RE 1031 Exchange My
California - TRUST AB - Inheritance - RE 1031 Exchange My mother has died with an AB trust. Three children sharing equally. House in Trust part B was valued at $375,000 at time of father's death, curr… read more
Stephen G.
Stephen G.
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LAW/LEGAL question: I have been living with my boyfriend in
LAW/LEGAL question: I have been living with my boyfriend in North Carolina in his house for 9.5 years. I have taken his last name. I own a house in my name only that I rent out. He owns two houses in … read more
Lane
Lane
JD, CFP, MBA, CRPS
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I sold an old family farm last week and I am wondering how I
I sold an old family farm last week and I am wondering how I will be taxed with capital gains? … read more
Mark Taylor
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IF I HAVE A RENTAL PROPERTY WHICH I SOLD WITH CAPITAL GAINS
IF I HAVE A RENTAL PROPERTY WHICH I SOLD WITH CAPITAL GAINS OF $80,000.00. CAN I RE-INVEST THAT GAIN ON ANOTHER PROPERTY AND NOT PAY CAPITAL GAINS TAXES???… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,882 satisfied customers
Before I married in 2014 I sold my home and didn't have to
Hi, before I married in 2014 I sold my home and didn't have to pay capital gains tax because the gain was less than $250,000. Now this year I am selling my share of a condo co owned with my sister tha… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
I have a question on capital gains. I closed on the sale of
I have a question on capital gains. I closed on the sale of a vacant land lot yesterday which I purchased in 2011. We walked away with $31,670 after the previous loan and closing costs were settled. W… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
I have a rental in Chicago. It was my primary residence
I have a rental in Chicago. It was my primary residence for 4 years before I had to move to another city. I leased the unit on Jan 1, 2013, and want to sell the unit. If sold, the likely gain will be … read more
jgordosea
jgordosea
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Bachelor's Degree
173 satisfied customers
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jgordosea

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R. Klein, EA

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