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
Can you provide assistance with MN joint venture tax
Can you provide assistance with MN joint venture tax implications on a rental property? My spouse and i have purchased a property and have chosen to follow a joint venture structure come tax time. Cou… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,187 satisfied customers
Second opinion] I am in a restaurant Franchise business in
Second opinion] Hello Sir. I am in a restaurant Franchise business in USA with a partner. I am the silent partner. My partner runs the business with the franchise Head Quarters under his corporation's… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,187 satisfied customers
Franchise business in USA with 2 partners. I am the silent
Second opinion] Franchise business in USA with 2 partners. I am the silent partner. My partner runs the franchise in his corporation name and gives me profit every month . The franchisee business is r… read more
PDtax
PDtax
Owner
Master's Degree
6,565 satisfied customers
I just started an LLC and was wondering which tax election I
I just started an LLC and was wondering which tax election I should choose? The standard automatic sole proprietorship or an s Corp? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,187 satisfied customers
I'm contemplating starting small business in the automotive
I'm contemplating starting small business in the automotive repair sector. The business will operate in New York City. I'm thinking to go the single-member LLC route, (op. agreement, minutes, etc) and… read more
Barbara
Barbara
Enrolled Agent, Paralegal
22,001 satisfied customers
USA Income Tax Question - I own rental properties and file
USA Income Tax Question - Hi. I own rental properties and file most homes on Sch E and one home is in a C-Corp with one of my partners. I also have a Sch C small business (as a general contractor). Sc… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,476 satisfied customers
I am the sole member of Holdings LLC. Holdings LLC is the
I am the sole member of Holdings LLC. Holdings LLC is the sole member/owner of both Trucking LLC, and Consulting LLC. I am also the only employee of Trucking LLC. My girlfriend is the only employee of… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,187 satisfied customers
How are US properties owned by foreigners taxed? Background
How are US properties owned by foreigners taxed?Background info: 1) Owners reside in Taiwan and do not stay in the US for more than 90 days a year. 2) Owners do not have any visa or residency in the U… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,260 satisfied customers
Is it legal (IRS rules) to have a charity trust fund that
Is it legal (IRS rules) to have a charity trust fund that runs a non-profit business that can sell share (stocks) in the open market? I am expecting this organization (trust fund + the non-profit busi… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,187 satisfied customers
I have an LLC in NJ which I will close before the end of
For Lane: I have an LLC in NJ which I will close before the end of this year. I am the only owner. I am thinking about closing it now. My things were just online, very simple, such as google ad revenu… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,187 satisfied customers
Taxmanrog: yes, I asked CFC and PFIC questions to you
Hi taxmanrog: yes, I asked CFC and PFIC questions to you before, but would like to follow up on some deeper discussions on how to make an efficient arrangement based on my circumstances. And as I ment… read more
taxmanrog
taxmanrog
Master's Degree
2,203 satisfied customers
We are a small company formed as Florida LLC. It is a real
We are a small company formed as Florida LLC. It is a real estate company. We both are on Medicare now. All we want is to be able to pay ourselves salary plus 1099. We are told that it would be benefi… read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
259 satisfied customers
In a 1 person S-corp, can expenses be deducted against term
In a 1 person S-corp, can expenses be deducted against long term capital gains? The reason I ask is because for my specific situation, paying myself a bigger salary (an expense) is more favorable tax-… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
We live in Manhattan, in a rental apt which is considered
we live in Manhattan, in a rental apt which is considered primary residence.we file taxes in this residence. we own a house for 17 years in the same state , New York , the house is about 65 miles from… read more
Richard
Richard
Owner
Doctoral Degree
6,069 satisfied customers
My LLC is currently taxes as a partnership, which means
My LLC is currently taxes as a partnership, which means distributions are subject to self-employment taxes.What's the easiest way to switch to being taxed as an S-CORP, where distributions are not sub… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,916 satisfied customers
We are an S-Corp company in ( Agile Attributes LLC) with 2
We are an S-Corp company in Virginia ( Agile Attributes LLC) with 2 partners. We have not drawn any reasonable official salary yet in year 2015. This year (2015) we would make around $40,000 in profit… read more
socrateaser
socrateaser
1,544 satisfied customers
If a "MEARS" business contract is ended and payment is overtime
If a "MEARS" business contract is ended and payment is overtime for a Partner who put in sweat equity and worked at reduced fee's Capital Gains?… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,170 satisfied customers
I have a small business (C-corp). Net income for the year will
I have a small business (C-corp). Net income for the year will be fairly high and I am trying to find ways to legitimately pull gains out of the company. Is it permissible/defensible for me, personall… 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