Capital Gains and Losses

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Term capital gains. Real estate. We closed on/acquired the
We closed on/acquired the property July 10th, 2020 in Arizona; purchased for 331,520 … read more
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Twelve years ago my in-laws bought a house that my husband
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emc011075
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My husband bought a house in 2003. He and his mother lived
Hello. My husband bought a house in 2003. He and his mother lived there until 2007 when my husband moved out. His mother continued living there until just recently. We are considering either renting o… read more
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My question is that I earned only 37,000 last year and plan
My question is that I earned only 37,000 last year and plan to sell a property in Washington State in 2020. Do I understand correctly that I will not be required to pay capital gains due to this cut off minimum? … read more
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My mom put her house in mine and my sister's name several
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We will be selling a family farm this year. Our share will
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I am selling my building for 2,250,000. The original
I am selling my building for 2,250,000. The original investment was $1,200,000 twenty years ago. What will our capital gains tax be? I will earn around $300,000 in 2019. … read more
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Im a 66 year old man who is selling a investment property as
Im a 66 year old man who is selling a investment property as sold and separate property. Giving most of the proceeds to my son to purchase a house. The sale would b reported on wife and my taxes and w… read more
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I bought a townhome in Florida on March 2011 and lived there
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We have a property to sell we will acquire capital gains of
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I am hoping someone can help with this issue: My mother sold
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This is a tax question related to the sale of my rental property,
This is a tax question related to the sale of my rental property, a single family home that I have owned since Aug 1, 2003. I want to know what to expect on my 2013 or 2014 tax return if I sell the pr… read more
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My brothers and I own a small farm that we are thinking about
My brothers and I own a small farm that we are thinking about selling. If the valuation of the property in 1987 was $68,000, and that has been the tax rate up to this date, and it sells for $300,000, … read more
PhillipB EA
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We purchased a building in 1999 and I moved my business in a following year. The purchase price was $350,000. I believe we put down 25%. In 2000 we invested around $90,000 in improvements and refinanc… read more
PhillipB EA
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In 2011 I sold 150 shares of Hill-Rom Holdings and used the
In 2011 I sold 150 shares of Hill-Rom Holdings and used the money to purchase 100 shares of PG on the same day. The Hill-Rom stock was LONG. The cost basis said I was $4400 to the good. My question is… read more
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