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
Lev, To expand on this topic -- you mentioned the term
Hi Lev,To expand on this topic -- you mentioned the term "disposed" with regards ***** ***** property, and according to this website: (https://www.canada.ca/en/revenue-agency/services/tax/individuals/… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,123 satisfied customers
94 years old SSN 19000 blind I one eye term capital gain Lo.
94 years old SSN 19000 blind I one eye long term capital gain Lo … read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,739 satisfied customers
I live in California. My house is my only resident, but it
I live in California. My house is my only resident, but it is a large place for me. I want to rent out my house, and find a small apartment to move in. I want to calculate the gain or lost by renting … read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,739 satisfied customers
We are from Texas and we are aware that when selling your
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
Barbara
Barbara
Enrolled Agent, Paralegal
21,739 satisfied customers
Can a mother provide a free room in her house for her son
Can a mother provide a free room in her house for her son and his girlfriend or are there any tax implications? Are there any tax implications if her they pay for food and/or an electricity bill inste… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,071 satisfied customers
I own primary residence in California. If I rent a room out
I own primary residence in California. If I rent a room out to tenant for one year does that mean i have to claim depreciation and would that complicate things if I ever wish to claim the 2 years out … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
3,054 satisfied customers
I own 3 properties (my primary residence in Riverside, CA,
Hello, I own 3 properties (my primary residence in Riverside, CA, plus a condo in Palm Springs, CA, which I rent through AirBnB & VRBO. Finally, I own a home in Indio, Ca, which I rent to my sister & … read more
emc011075
emc011075
Master Tax Adviser
Bachelor's Degree
9,219 satisfied customers
I have a very complex situation. My house has been in
I have a very complex situation. My house has been in preforeclosure for several years while I struggled with the bank in an attempt to get a loan modification. Not happening. Now I have to sell while… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
1,069 satisfied customers
If I rent out one out of the three rooms in my primary
If I rent out one out of the three rooms in my primary residence, do I have to claim 1/3 of the home as rental property and follow the rules there (i.e. report the rental income, deduct the prorated p… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,071 satisfied customers
Home appraised at $600,000 in Calif. Can I sale my house to
Home appraised at $600,000 in Calif. Can I sale my house to my kids for $400,000 and gift them the remainder $200,000 to avoid pay capital gains on the $600,000… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,071 satisfied customers
I was thinking about renting out a portion of my primary
I was thinking about renting out a portion of my primary home, but wanted to find out more about what happens if I decide to sell later. If I rent out a couple rooms in this primary home for the year,… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,482 satisfied customers
We are a married couple, seniors, 72 years old in Suffolk
We are a married couple , seniors, 72 years old in Suffolk Co, NY. We run a small NY C Corp with 5 employees out of a rented office that is part of our residence since 2001. In recent years filing our… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,071 satisfied customers
Years ago, sold primary resident. Shortly after, paid cash
Years ago, sold primary resident. Shortly after, paid cash for small house ($280,000). Used house as rental shortly after purchase. Few years later, divorced. I got small house (rental) and financed $… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,123 satisfied customers
Re Rental Property/sale of residence. I bought a 2nd house
Re Rental Property/sale of residence. I bought a 2nd house in1985 for $35K. I rented the house for 20+ years and took depreciation deduction of $28K through 2003. I have not rented it for the past 4 y… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,873 satisfied customers
I rented my house in year 1 to year 3, total of 3 years. In
I rented my house in year 1 to year 3, for a total of 3 years. In year 4 and year 5, I lived in the house as my primary residence, but I also rented out some rooms (about 60% of the house) in the hous… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Next year, I will be selling a house that will give me a
Next year, I will be selling a house that will give me a gain. I will also be selling a house in another state that will result in a loss. Can I subtract the amount I lose on the second house from the… read more
PhillipB EA
PhillipB EA
Accountant
Bachelor's Degree
130 satisfied customers
struggling between schedule C and SE for real estate. I have 4 properties. 1 that we lived
struggling between schedule C and SE for real estate. I have 4 properties. 1 that we lived in from 1990 20 2012 and was rented in 2012-2013. Renters moved out Jan 1, 2014 and left us a mess! We repair… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,873 satisfied customers
We are Oregon residents who have owned our home for 11 years.
We are Oregon residents who have owned our home for 11 years. We want to purchase a new primary residence in California and rent out our home in Oregon (per above.) If we sell our Oregon home that wil… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
271 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