Capital Gains and Losses

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If i sell the house to my daughter for $500,000- I know she
If i sell the house to my daughter for $500,000- I know she can deduct interest on the loan. Can she also depreciate and take depreciation as a deduction on the $500,000 if she rents the house?… read more
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Hi, we are from Texas and we are aware that when selling your primary home that you do not have to pay taxes up to a certain amount of the profit. We were in the process of selling our primary home wh… read more
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I sold an investment rental condo in May 2018, which was a
I sold an investment rental condo in May 2018, which was a rental for many years and reported irs via Sch E. The last tenants were in Oct 2017 and for a period of a few months in 2017 i intentionally … read more
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If mom is allowed to live rent free in rental house owned by
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I am about to sell a rental property which will incur a
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I own a condo overseas. It's rented to my uncle at lower
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Example: Ana purchased a condominium in Chicago in 2013.She
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I bought two homes, fixed them through workers, and now I'm
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I own a two family house for many years. If I convert it to
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I have a second property I have owned since 2000. I used to
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I am selling a house in SATX for $51K on a quick sale that
I am selling a house in SATX for $51K on a quick sale that I purchased in 1986 for $65K. The appraised value of the house is $71.6K. For the last nine years or so my son and his family have rented the… read more
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Approximate facts: House A - 2-Family Rental Duplex purchased in 1995?originally for $67,000, refinanced once or twice and depreciated over years at either 50% or 100%. Originally, 1/2 owner occupied … read more
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Looking for answers on capital gains ruling. We bought a 2 family in 1982 for 74,000. This was our primary home until 2008, the rental portion of the home was not rented after January 2006. So no inco… read more
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