Capital Gains and Losses

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Related Capital Gains and Losses Questions
When and where to submit capital gains is it during filing
When and where to submit capital gains is it during filing income tax. Can I know all the lists of deductibles. I am getting divorced and I am staying separately in my real estate condo due to divorce… read more
emc011075
emc011075
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We sold our house that we owned for less than 2 years and
We sold our house that we owned for less than 2 years and most of the money we made on the sale went to the purchase of a new house. Does the capital gains tax apply to the amount we made on the sale … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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If I am selling the property within 2 years because of
If I am selling the property within 2 years because of change in my employment, do I need to pay the taxes on capital gains out of sale of real estate property?If invest the gains in any bonds can I d… read more
Rick
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Calculator gave me a capital gain tax on sales of my home
Calculator gave me a capital gain tax on sales of my home after residing in it for 1 1/2 years but did not subtract $49,0000 for $28,500 for real estate commissions, Escrow fees for $3663 gutters inst… read more
Barbara
Barbara
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My daughter just accepted a contract on her house in ft
My daughter just accepted a contract on her house in ft Myers, she bought for 235000, selling for 380000, lived there for 1.5 years..is looking to buy a new home and will reinvest about 80000, how muc… read more
Barbara
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I would like some help with a capital gains question. Real
Hi, I would like some help with a capital gains question. … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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How can I avoid capital gains tax on a house sold in less
How can I avoid capital gains tax on a house sold in less than two years … read more
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Robin D.
Vocational, Technical or Trade School
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Question about real estate sales, 1031 exchanges, and
Question about real estate sales, 1031 exchanges, and capital gains:Before the pandemic, late 2019, I bought a house in Texas and planned to sell my condo in California, then move from CA to TX. The c… read more
HowardD414
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Unmarried couple have had a reverse mortgage on home for
Unmarried couple have had a reverse mortgage on home for over 10 years. Sold home for 199k. Reverse mortgage company was paid 135k. One of the owners got 33k and the other only 14500. Do taxes have to… read more
Lev
Lev
46,727 satisfied customers
Wanted to know if I should expect to incur capital gains on
Wanted to know if I should expect to incur capital gains on the sell of my home. It's our primary residence but we have lived in the home for less than one year … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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If I own a property with my daughter what is the capital
If I own a property with my daughter what is the capital gain if we sell the property? How many years my daughter has to joint own the property before she counts for capital gain?… read more
CGassist.168
CGassist.168
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If you sell your property within 6 months at a profit but
If you sell your property within 6 months at a profit but buy a more expensive property ( primary residence in both cases) ; … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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I signed an agreement around 16 yrs ago labeled a "phantom"
I signed an agreement around 16 yrs ago labeled a "phantom" ownership agreement. Bot***** *****ne I own no share of stock of the company, however, this agreement states if I stay with company for 10 y… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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I purchased my primary residence approx. 18 months ago. Need
I purchased my primary residence approx. 18 months ago. Need to sell the property & then rent for awhile, due to a life style change. Since I haven't resided in the residence for 2 yrs, am I subject t… read more
jgordosea
jgordosea
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If I've lived in my home under the 2 year mark, am I still
If I've lived in my home under the 2 year mark, am I still able to be fully exempt from capital gains tax if I use the profit to buy a new and more expense home? I understand these are the old rules, … read more
Phillip B, EA
Phillip B, EA
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570 satisfied customers
Hello -We are looking at selling our primary residence our
Hello -We are looking at selling our primary residence our loan closed on March 6, 2013 so there would be a long term gain. We have a asking price of $549,000 expecting to sell/negotiate down to $530,… read more
jgordosea
jgordosea
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Ihave lived in my primary residence for one year and seven
Ihave lived in my primary residence for one year and seven months, when my house sells will I have to pay capital gains taxes on the property even though I will be using these funds to purchase anothe… read more
Phillip B, EA
Phillip B, EA
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570 satisfied customers
I bought a primary residence in October 2009, fixed it up,
I bought a primary residence in October 2009, fixed it up, and sold it in August 2011 (just shy of the 2-year tax break). I netted $90k from the sale. I will have around $18k of other income for 2011.… read more
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