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
Property gain tax Have two rental properties that have gain
Property gain tax Have two rental properties that have gain around 90% from the purchasing price since bought them 10 years ago. Plan to do the following. Sell them and use 1031 exchange to buy a bigg… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,649 satisfied customers
I own a house in AL that we bought in 2000. We lived in the
I own a house in AL that we bought in 2000. We lived in the house until 2003. We moved to SC for a job, but could not see the house, so we have been renting. If I sell the house, do I have to pay capi… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,348 satisfied customers
I want to 1031 exchange into a property in an Opportunity
Hello:I want to 1031 exchange into a property in an Opportunity Zone. I can enter escrow soon but does it have to close by March 31, 2021 in order to add units and be able to sell in 10 years without … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,649 satisfied customers
We have a four person LLC that only owns one commercial
We have a four person LLC that only owns one commercial building. The building is fully depreciated. It is leased to a good tenant. The market value is about $800,000. The rent is $9,000 a month. The … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,649 satisfied customers
If I sell a a commercial real estate building that i have
Hi, if I sell a a commercial real estate building that i have owned for years in a single member LLC, I thought I paid capital gains take of 20%. Today someone told me that amount that I took as depre… read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
259 satisfied customers
Me and my two siblings have a property that we purchased 10
Hello, me and my two siblings have a property that we purchased 10 years ago using some money we received from our late father. The title and owner of the property is a now dissolute entity (since 201… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,696 satisfied customers
I am a US citizen and own real estate in India. I bought the
I am a US citizen and own real estate in India. I bought the real estate in 2006 and plan on selling it this year. The total gain on the transaction will be around $50,000. Will I need to pay Capital … read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,348 satisfied customers
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
41,583 satisfied customers
We purchased a property in Riverside California 14 years ago
Hi, We purchased a property in Riverside California 14 years ago for $400,000 that we use as a construction yard but it also has a house on it that we rent out. We spent only about $7,500 in upgrades … read more
PDtax
PDtax
Owner
Master's Degree
6,529 satisfied customers
HOW CAN I MINIMIZE MY CAPITAL GAINS TAX WHEN I SELL MY THREE
HOW CAN I MINIMIZE MY CAPITAL GAINS TAX WHEN I SELL MY THREE NEW JERSEY RENTAL PROPERTIES. … read more
Carter McBride
Carter McBride
LLM
8,143 satisfied customers
I want to open a commercial account at brokerage firm to
i want to open a commercial account at brokerage firm to avoid paying taxes on capital gain unless i withdraw money....is it possible or it wont make a difference=will work as same as on personal acco… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,914 satisfied customers
1. “A” sells her commercial income producing property and
1. “A” sells her commercial income producing property and realizes a $500,000.00 profit and a potential $100,000.00 capital gains tax bill. (20% over $418,401.00?) 2. Using a 1031 transaction, she pur… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
How can I reduce capital gains tax on commercial property?
how can I reduce capital gains tax on commercial property? (apartment building) New York State … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
Example: Ana purchased a condominium in Chicago in 2013.She
Example: Ana purchased a condominium in Chicago in 2013.She moved with her boyfriend in 2014 and rented her condo to somebody else since.So she only occupied the unit as "owner occupied" for 1 year. 1… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,583 satisfied customers
My husband is 81 years old. He is selling a building that
My husband is 81 years old. He is selling a building that has been his office for 14 years. Is there any way to avoid the capital gains tax? Would a generation skipping trust for grandchildren be any … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
Sister & I inherited commercial property after death of mother
sister & I inherited commercial property after death of mother appraised at time of her death on Dec. 23, 1996 for $125,000. Have offer of $575,000. What will be capital gain tax and can any gain be o… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,188 satisfied customers
if I assume a home loan of 87000 when the house is worth 195000
if I assume a home loan of 87000 when the house is worth 195000 (my mother is the silent owner and wants to gift me the equity) and sell it, do I pay capital gains if I reinvent in another home?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
Will my rental property business have to pay capital gains
Will my rental property business have to pay capital gains this year on the rental properties I sold, when the total proceeds went to the bank to payoff commercial loans? We did not receive a dime for… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 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