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
If we buy stock in 2021 and stock rice went up. but we have
if we buy stock in 2021 and stock rice went up. but we have not cashed out in 2021. we might cash out stock in 2022. do we need to report gains in 2021 taxes or 2022 taxes . do we need to report as in… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,170 satisfied customers
I sold my residences in VT in 2019 and retained 1 acre with
I sold my residences in VT in 2019 and retained 1 acre with a garage on it. Now I am selling the garage parcel for $99,000. I built it 40 yrs ago and don't have receipts anymore. It is assessed at $66… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,019 satisfied customers
I'm selling a home in California that I co-own with my soon
Hi, I'm selling a home in California that I co-own with my soon to be ex-wife. We want to make sure status and exemptions are represented right on our 1099 and 593 forms. In 2021 we filed jointly unde… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,019 satisfied customers
I own two mobile homes one for 10 years the other for 1year
I own two mobile homes one for 10 years the other for 1year 3 months. I sold the one year one for 298k and bought another for 275k and put in 20k in improvements this year. That will be claimed for 20… read more
HowardD414
HowardD414
ATTORNEY/CPA
LLM
124 satisfied customers
I have an investment home. Every month I make an extra $300
I have an investment home. Every month I make an extra $300 payment towards principal in order to accelerate the loan repayment. Now I recently I discovered that when you sell investment home, you wil… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,019 satisfied customers
My primary residence built in 2006, was used as primary home
My primary residence built in 2006, was used as primary home until 2015. In 2015 I moved to a new home and could not sell this home as market was bad. So I rented it out and still remains rented. On t… read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
2,809 satisfied customers
We recently purchased and remodeled a farm house which our
Hi. We recently purchased and remodeled a farm house which our daughter is buying from us. We financed the remodel thru a HELOC on our home. We are gifting her two acres of land to go with the house. … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
3,127 satisfied customers
My husband received a job promotion June 2018 that moved our
My husband received a job promotion June 2018 that moved our family From TX to LA. One year later the company realigned the regions and moved us back to TX. We bought our house for $510 last year, but… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,019 satisfied customers
We're about to final a home sale in Calif. We bought the
We're about to final a home sale in Calif. We bought the land in 1983 for $360,000 (51 acres). We built a small home and lived in it for 6 years while we built a larger home, finaled in 1990. It is 45… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,476 satisfied customers
We bought our home in 2003 for $403,000. It is now likely
Hello. We bought our home in 2003 for $403,000. It is now likely able to sell for about $350,000. We owe $280,000 on the mortgage. If we sold this home now for the $350,000, which would give us $70,00… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
On an executed contract for 200k for a condo that will be
On an executed contract for 200k for a condo that will be 2nd home, sold furnished, seller is proposing to drop price by 10k and ad 10k in furniture. If done, I know all parties will pay less doc stam… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,170 satisfied customers
I'm considering trading stocks and realize that short term
i'm considering trading stocks and realize that short term profits are subject to ordinary tax and state tax. My question is: does every single trade, buy and sell have to be listed individually on my… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I am 86 ,my wife 78. we bought our home in oct 1980, for $
i am 86 ,my wife 78. we bought our home in oct 1980, for $ 155,500over the past 35 years we have made a lot of improvements to the property,totaling approx. $ 160,000. for age reasons ,we have decided… read more
Anne
Anne
Master Tax Preparer
2,601 satisfied customers
I am just getting into Swing Trading on the stock market, so
I am just getting into Swing Trading on the stock market, so I'm interested to know how income from trades will be taxed. Assuming I'm in and out of a trade within a few months, at what rate will I be… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,476 satisfied customers
I am looking to sell my home in MA which has been owned than
Hi, I am looking to sell my home in MA which has been owned for less than 2 years (but over 1 year). Bought for $410,500, possibly selling for $440,000 and around $15,000 improvements have been done t… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,916 satisfied customers
My husband and I purchased our home with 9.7 acres in 1972.
My husband and I purchased our home with 9.7 acres in 1972. We are now selling 5.5 acres of our land to a neighbor. It is not a subdivision, but rather a simple lot line adjustment. We are in our seve… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
We had a piece of land that we were underwater on. To eliminate
We had a piece of land that we were underwater on. To eliminate our debt without taking a hit to our credit we made a deal with the bank to take back the land in addition to us paying them a lump sum.… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,189 satisfied customers
Does it ever not make sense to sell a stock for loss in a particular
Does it ever not make sense to sell a stock for loss in a particular tax year? I.E if there are no capital gains to offset the loss?… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 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