Capital Gains and Losses

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Related Capital Gains and Losses Questions
Also, could you remind me regarding depreciating a capital
Also, could you remind me regarding depreciating a capital expenditure what the rule is regarding whole month and half month? Is it half month if the improvement occurred the 1st - 15th, or is it just… read more
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I sold my home in Dec 2020. I had previously rented out a
Second Opinion] I sold my home in Dec 2020. I had previously rented out a portion of my home and claimed depreciation on my taxes. Now it is a short-term capital gain. Do I have to pay IRS the whole a… read more
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I need help completing form 4797 and Schedule D. I'm
I need help completing form 4797 and Schedule D. I'm generally familiar with Capital Gains and Depreciation Recapture and have already estimated and paid in the taxes. It is the specific completion of… read more
JeffS6413
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I sold a residential rental property. I have taken
I sold a residential rental property. I have taken depreciation deductions for the house (not including the land) using Straight Line with a 27.5 year recovery period, and for the new roof using Strai… read more
levr-tax-gain
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When a rental property is sold, you have to recapture the
when a rental property is sold, you have to recapture the depreciation at 25%. does this amount get added to the total capital gains value? for example to figure the capital gains tax due, do you take… read more
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I'm selling residential rental real property. The septic
I'm selling residential rental real property. The septic tank must be replaced, and as soon as it is, the sale will close. Is the septic tank replacement a “repair” to be expensed? Or does it have to … read more
PDtax
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Re: Sale of residential rental real property which will not
Re: Sale of residential rental real property which will not be replaced by other property Summary: 300,000 purchase price 1-1-2014 1,068 purchase costs 12,437 improvements (heat pump & roof) 20,000 se… read more
Barbara
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Bought my house for $140.000 in 1995 Have rented it out
Bought my house for $140.000 in 1995 Have rented it out since. Approximate value on it now is about $350.000. I have claimed it on my income tax and have improvements. Just trying to get a general ide… read more
levr-tax-gain
levr-tax-gain
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I am preparing to sell a residential rental property, and in
I am preparing to sell a residential rental property, and in reviewing tax consequences have discovered the “depreciation recapture” tax. I want to be sure I am understanding that tax correctly. I wou… read more
emc011075
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I have a term capital gain on residential real estate. IRS
I have a long term capital gain on residential real estate. IRS instructions say to put that gain on Schedule … read more
Lane
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My husband sold his house this year...he had lived in the
My husband sold his house this year...he had lived in the house for 6 or 7 years with his ex-wife and family...then, he turned it into a rental because he was not able to sell it before we had met, ma… read more
Robin D.
Robin D.
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I am currently selling my rental property and don't know how
I am currently selling my rental property and don't know how to do capitol gains and have lost all my previous ax forms does irs have these records … read more
Barbara
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We just sold a home that has been rented for the last 6
We just sold a home that has been rented for the last 6 years. The purchase price was $50,000 and the selling price was $769,000. While we were still living in the house we paid about $70,000 for majo… read more
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I need to know how much my gains will be when I sell my rental property. … read more
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I understand how to calculate capital gains based on cost
I understand how to calculate capital gains based on cost basis and so on when selling residential real estate used as investment property. One thing I'm struggling to understand is that if the cost b… read more
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Can you deduct the cost of improvements to a rental property
Can you deduct the cost of improvements to a rental property things that must be done to make it marketable?… read more
levr-tax-gain
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Hi, I want to sell rental house.. this year.. Feb 2013 ..
Hi, I want to sell rental house.. this year.. Feb 2013 .. purchased it in 2010 for 52000 ccash ...the house was in really bad shape.. and still is.. I figuerd to repair it.. as with the rental income … read more
Stephen G.
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I purchased a property in the UK in 1983 for $40k. I sold it
I purchased a property in the UK in 1983 for $40k. I sold it last year for $156k. I know I will need to pay U.S. capital gains on the difference between the purchase price and the sales price. I have … read more
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