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
I'm a builder here in Oregon an I am currently building a
I'm a builder here in Oregon an I am currently building a home which I am self performing about 35% of the overall work. The home was intended to be for us, our primary residence, but we are thinking … read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,028 satisfied customers
I sold my house in February this year with $380k capital
I sold my house in February this year with $380k capital gain. As a single person i have a $250k allowance, which I have calculated to be only $150k due to the fact i used $100k to write of capital ga… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,687 satisfied customers
Capital Gains. Real Estate. July 1999. What about debt
Capital Gains JA: What is the asset involved here? Customer: Real Estate JA: When did you acquire the asset? What was the initial value? Customer: July 1999 JA: Is there anything else the Accountant s… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,246 satisfied customers
Trying to calculate my capital gains taxes on a house sale.
trying to calculate my capital gains taxes on a house sale … read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,028 satisfied customers
I am using TaxAct software and have some questions about
I am using TaxAct software and have some questions about capital gains on the sale of our home in 2020. In 2015, I left our home to be with my husband who is a crane operator then in the oil fields of… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
23,913 satisfied customers
ABSOLUTELY. SALE OF A RENTAL PROPERTY. WHAT IS THE TAX WE
ABSOLUTELY JA: What are the assets or property involved here? Customer: SALE OF A RENTAL PROPERTY JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll … read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,028 satisfied customers
< My company 401K stock went public in November of 2021
Hello< My company 401K stock went public in November of 2021 @17.00/ I bought these stocks at varying prices over the years at .12cts to .19cts. per share. Do I have to wait an year from the Novemb… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,433 satisfied customers
I sold our primary in 2020, owning it less than 2 years,
I sold our primary in 2020, owning it less than 2 years, what deductions can I make from the capital gains … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,246 satisfied customers
I'm wondering how much I'd pay in capital gains for selling
I'm wondering how much I'd pay in capital gains for selling my home … read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,028 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
2,692 satisfied customers
Capital gain taxes on a home owned with my sister. 2012 for
Capital gain taxes on a home owned with my sister. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,687 satisfied customers
What the difference between short term and term. 12 mouths
What the difference between short term and long term. 12 mouths or a tax year? If I hold a check inorder to go over a year will that make it long term? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,343 satisfied customers
Partnership ABC purchased Building A on Jan 1, 2016 and
Partnership ABC purchased Building A on Jan 1, 2016 and began a Motel business on that same day. For 2016 and 2017 Partnership ABC reported Motel Rental Income and Expenses, including depreciation on … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,779 satisfied customers
How can I avoid paying taxes on a capital gains on a real
How can I avoid paying taxes on a capital gains on a real estate sale? This is the sale of a rental property.… read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,028 satisfied customers
We represent an investor in real estate and we are trying to
We represent an investor in real estate and we are trying to develop a capital gains strategy. He is buying a residential lot, tearing down the existing house, and building a substantially larger hous… read more
levr-tax-gain
levr-tax-gain
Tax Advisor
Bachelor's Degree Equivalent
57,028 satisfied customers
My wife and i purchased a home in San Lorenzo, CA that closed
My wife and i purchased a home in San Lorenzo, CA that closed escrow on August 01, 2012. I have a new job that is 45 miles away from my old job. We are relocating to San Jose, CA. We paid $408,000 for… read more
Megan C
Megan C
Master's Degree
15,483 satisfied customers
Im a real estate professional who has previously had real
I'm a real estate professional who has previously had real estate losses offset ordinary income. I am the sole beneficiary & trustee of my deceased mother's Trust. That trust owns a property with a ga… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
Hi. I wish to purchase real estate for investment purposes.
Hi. I wish to purchase real estate for investment purposes. how long does one have to live in a residence before selling and not have to pay capital gains tax. Canadian law. thanks… 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