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
How does capital gains tax work if my aunt owns the house
How does capital gains tax work if my aunt owns the house adds me and my 2 siblings on to the deed all 4 of us would be owners my aunt and 2 siblings live at the home I used to but now I live in anoth… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,155 satisfied customers
I transferred some real estate to my wife in 1993. She is
I transferred some real estate to my wife in 1993. She is now selling it. Does she get the basis price as of 1993?… read more
YawxO
YawxO
Consultant
MBA, Accounting
1,821 satisfied customers
My friend is currently purchasing an owner-occupied home (
Hi,My friend is currently purchasing an owner-occupied home ( house A) , she purchased the other house as her primary home ( house B) in May 2020. According to the lender's guideline, she could not ow… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,155 satisfied customers
If my mother gifts me acreage is there some point where I
If my mother gifts me acreage is there some point where I wouldn't have to pay capital gains taxes if I sold the land? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,916 satisfied customers
Twelve years ago my in-laws bought a house that my husband
Twelve years ago my in-laws bought a house that my husband and myself have lived in from purchase to present. My father in law has since passed away. We now want to purchase the house but need money f… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,916 satisfied customers
My wife and I own a house with my mother in law. It was my
My wife and I own a house with my mother in law. It was my wife's childhood home and it was initially owned by her mom for 25 years. She added us to the title last year.She passed away about six month… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,916 satisfied customers
My mother quit claimed her home to my sister and myself 9
My mother quit claimed her home to my sister and myself 9 years ago with the stipulation that she could live there until she passed away. She passed away in April and we just sold the home for $253,00… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,916 satisfied customers
My Wife and I are looking into selling our property. Just
My Wife and I are looking into selling our property. Just trying to get an idea of what we might owe in capital gains. Our situation is unique, so hopefully I can lay it out for you. The property was … read more
Carter McBride
Carter McBride
LLM
8,263 satisfied customers
1) My parents owned a house outright in North Carolina. When
1) My parents owned a house outright in North Carolina. When my father passed away 5 years ago, my mother was in ill health so we immediately transferred ownership to my adult daughter (their granddau… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
25,074 satisfied customers
My mother passed away Jan 15 of this year. Unbeknownst to my
My mother passed away Jan 15 of this year. Unbeknownst to my sister and I my mother has had us as owners listed on the deed since 2002. Do we have to pay capital gains tax from the time the house was … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,916 satisfied customers
My mother died in 2008 ,left me and my sister her house .I
my mother died in 2008 ,left me and my sister her house .I lived in it until we sold july 2017.I received $852932. I then gave my sister a check for$407413.00 which was her half less money she owed me… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
25,074 satisfied customers
If parent/50% property owner partner passes away; if I sell
If parent/50% property owner partner passes away; if I sell the property we own, before she passes away,(DOD) but in the same tax year, Does she still have to pay the taxes associated with the sale? J… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
25,074 satisfied customers
I have a real estate property that I'm looking to use to
i have a real estate property that I'm looking to use to form a lcc with my mother (currently a rental property, she intends to live there and pay off the remaining mortgage of $140k, house appraised … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,916 satisfied customers
Morning mother sold a piece of investment commercial
Morning mother sold a piece of investment commercial property in delaware that she and father owned for 35 years. Purchase price 35 years ago $35,000 sales price $600,000. Her tax rate will be 15%...h… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,080 satisfied customers
I don't type fast, I copy-n-pasted this from MS word) Okay,
Hi (I don't type fast, I copy-n-pasted this from MS word) Okay, here's my situation and question. I have all my divorce papers in order (From LegalZoom) and went to a local lawyer yesterday (just revi… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,080 satisfied customers
There this question is Real Estate Attorney! Years
Hi there this question is for a Real Estate Attorney! Years ago more than 7 or 8 years ago my sister bought a house in texas before she was married then she found someone to live with and did not want… read more
bkb1956
bkb1956
Enrolled Agent/Real Estate & Corporate Paralegal
25,074 satisfied customers
We have lived in current home for 7 years however it was originally
We have lived in current home for 7 years however it was originally purchased by my sister. We lived together for 4.5 years before she married and moved into her own home elsewhere. I have continued t… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 satisfied customers
We inherited a house from my mother-in-law 2 years ago, at
We inherited a house from my mother-in-law 2 years ago, at a higher value when she passed then when we sold. This was her 2nd house, no liens or mortgages, bought long ago for investment. It took abou… read more
Bill-the-CPA
Bill-the-CPA
Certified Public Accountant (CPA)
Master's Degree
55 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

86 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

271 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