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We are wanting to sell our home in TX. We live in MA. We are
Hi - We are wanting to sell our home in TX. We live in MA. We are inquiring about the capital gains tax law. We meet the requirements - it was not a like-kind exchange or we are not subject to expatri… read more
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I have a real estate sales question in California,
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Example: I want to sell my property.(Condo in Chicago,IL) I
Example: I want to sell my property.(Condo in Chicago,IL) I purchased it and occupied it as a primary residence since January 2016.I would like to sell it and maybe buy another condo,in a different ar… read more
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I am 64 and still employed full time. I have about a $49,000
I am 64 and still employed full time. I have about a $49,000 in CVS stock with an unrealized gain in it of 33,621.40 If I withdraw $40,000 from this stock account rather than taking a $40,000 withdraw… read more
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I purchased a house that was repossessed for $10,000.00. I
I purchased a house that was repossessed for $10,000.00. I paid it off and took out a home equity line of credit to remodel. I am now selling the house but am not buying a new home at this point. How … read more
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My wife and I bought a house 12 years ago for $295,000. We
My wife and I bought a house 12 years ago for $295,000. We hope to sell it soon for about $820,000 and buy a house in another area for about $400,000. Will we have to pay any capital gains tax on the … read more
JKCPA
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My father passed away 2 years ago. The house just sold and
My father passed away 2 years ago. The house just sold and my brother and I are splitting the proceeds. We each will get $49,000.00. Is this taxable?… read more
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Do I have to pay capital gains tax to Federal and State on
Do I have to pay capital gains tax to Federal and State on the amount of the sale of my home after I deduct what I paid, improvements, and $250,000? I am single and have owned the home for 16 years. D… read more
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Three years ago my wife and I bought 50% ownership in her fathers
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i am selling my restaurant how can i avoid paying capital ...
i am selling my restaurant how can i avoid paying capital gains do i get to deduct any remodeling i have done over the years… read more
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Selling residental property. Deed is in the name of father ...
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My husband and I are in the process of a divorce. We ...
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I live in Phoenix, Az and am confused about the ...
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Is capital gains calculated on on a prorated scale
If I sell my house 2 months before the two year mark, do I pay less in capital gain than if I where to sell it 6 months before the two year mark?… read more
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If we are renting our home that we use to live in, how long ...
If we are renting our home that we use to live in, how long can we rent before we need to sell in order to avoid capital gains tax?… read more
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My wife and I want to sell our house, but we have only ...
My wife and I want to sell our house, but we have only lived in it for 1 year 3 months. I was told we could avoid paying capital gains sales tax if we put 100% of the proceeds toward the purchase of o… read more
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I live in NY. I am building a house in 2 months. My ...
I live in NY. I am building a house in 2 months. My question is.. can i sell this house right after building it and not have to pay capital gains if using the money for another house, or do you have t… read more
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