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I moved from FL to NC in May 2016. I didn't type it all. I
I didn't type it all. I moved from FL to NC in May 2016. I rented my FL home (purchased in May2011) for one year and sold it August 2017. I then sold my NC HOME IN August 2018. Do I avoid capital gains on the NC home because I lived there for over 2 years? … read more
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JD, CFP, MBA, CRPS
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We bought and moved into a new home with the sell of our
We bought and moved into a new home with the sell of our prior home pending. The sellers backed out, and we've been paying 2 mortgages for the past 3 months trying (unsuccessfully) to sell our prior h… read more
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I had a question about capital gains after selling a primary
I had a question about capital gains after selling a primary home. Would you be able to help? … read more
Chad EA, CDFA®, CFP®
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I bought a condo about 1.3 years ago. Come to find out, I
Hi, I bought a condo about 1.3 years ago. Come to find out, I have a crazy neighbor. Is there a way I can sell w/out paying capital gains? … read more
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I have a property that I have owned less than two years and
I have a property that I have owned less than two years and am wanting to sell it. I am moving to another state for my job (I am self-employed). Do I have to pay capital gains on this? … read more
Lev
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Bachelor's Degree Equivalent
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If I sell a rental property held for about 10 years and do a
Hi there; If I sell a rental property held for about 10 years and do a 1031 exchange with it for another more expensive property and then rent out for about five months and then move into it myself, a… read more
Chad EA, CDFA®, CFP®
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I am selling my house in omaha nebraska, i've owned it for 1
Hello, i am selling my house in omaha nebraska, i've owned it for 1 year and 7 months. I was hoping to figure out what capital gains tax that i would be liable for. I am hoping to make a profit of aro… read more
Mark Taylor
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I have heard that yoy have to pay capital gains tax on the
I have heard that yoy have to pay capital gains tax on the profits of a sell of a house if you live there less then two years. Is this still true if you reinvest the profits into a new home? … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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I am having trouble with the basis of a property that I
Hi I am having trouble with the basis of a property that I sold … read more
Mark Taylor
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For.. It's. We spoke about 3 months ago. I would like to ask
For ***** *****. Hi mark. It's Robert. We spoke about 3 months ago. I would like to ask you the following: If my dad were to sell a home in N YC for 475 k that he originally paid 50k for and he doesn'… read more
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My question relates to taxes due upon the transfer of real
My question relates to taxes due upon the transfer of real estate in Maryland by a nonresident (Section 10-912) of the MD Tax-General Code:My husband and I lived in MD (Prince George's County) in our … read more
Lane
Lane
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Doctoral Degree
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I live in Austin Tx. My wife and I sold our house that we lived
I live in Austin Tx. My wife and I sold our house that we lived in for only 9 months. Net gain proceeds 54k that we split equally. We are separated/living in separate residences however, we are at pre… read more
Megan C
Megan C
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Hello, You had answered a question about my widowed sister
Hello, You had answered a question about my widowed sister gifting us money to purchase the the house. Unfortunately, things didn't work out so we're going to sell the home. I have 3 questions for you… read more
Megan C
Megan C
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My wife and I currently own a home that we live in and this
My wife and I currently own a home that we live in and this is our primary home/residence, and is our only property and have owned this since 1999. We are in contract/escrow to buy another home that w… read more
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My husband and I bring home approximately $5,000 per month.
My husband and I bring home approximately $5,000 per month. He is 58 and I am 55. We have 2 children - ages 21 and 18. My question is we have approximately $70,000 in credit card debt and owe about $2… read more
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Bernie and Pam Britten are a young married couple beginning
Bernie and Pam Britten are a young married couple beginning careers and establishing a household. They will each make about $50,000 next year and will have accumulated about $40,000 to invest. They no… read more
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What should do? I am currently making a escrow payment of $5600 a month and a $675 month HOA payment and not even living in my home. My son is living in the home. I have $200,000 invested in the home.… read more
Ed Johnson
Ed Johnson
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i have lived in my house for 16yrs.If i rent it out now for ...
i have lived in my house for 16yrs.If i rent it out now for 2 yrs how does the capital gains laws affect this .I live in ILL.… read more
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