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We own a cottage on MV (MA). We want to sell it when we
We own a cottage on MV (MA). We want to sell it when we retire, to add the funds to our retirement savings. What is the tax liability for us? We live in FL, and acquired the home in 2015 … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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I am looking for tax advice on a rental property I own and
Hello, I am looking for tax advice on a rental property I own and want to sell to the current tenants. … read more
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Chad EA, CDFA®, CFP®
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We are wanting to sell our home in TX. We live in MA. We are
Second opinion] 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 su… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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6,058 satisfied customers
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 capital gains question on sale of 2 homes. July
Hello. I have a capital gains question on sale of 2 homes. … read more
Robin D.
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Vocational, Technical or Trade School
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I have a client that bought a home to fix up and sell. No
I have a client that bought a home to fix up and sell. No rent was collected after it was fixed up. There was mortgage interest and Real estate taxes paid in addition to the cost of improvements. The … read more
Lev
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I am filing my 2015 returns now, after having gained an
I am filing my 2015 returns now, after having gained an extension in April. In April 2015 I sold my primary house of residence for $671,000. My new primary house of residence was purchased in 2014 for… read more
Robin D.
Robin D.
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I am the trustee mom's trust. She passed away in 2015.
I am the trustee for my mom's trust. She passed away in 2015. Her home sold 6 months later (also in 2015) for $197000. The Title company said her home sale fit the criteria for NOT filing an 1099S for… read more
Robin D.
Robin D.
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My parents had two homes that they split their time between.
My parents had two homes that they split their time between. They sold house 1 in 2015 and claimed the exclusion. Now my mother is ill and needs to move to a warmer climate. Can they revise their 2015… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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This question is in regards ***** ***** tax consequences of buying
This question is in regards ***** ***** tax consequences of buying and selling a home. We bought a primary residence in July 2014 but it took us until January 2015 to sell our previous primary residen… read more
Lev
Lev
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This question is related to my capital gains tax liability
This question is related to my capital gains tax liability on the sale of overseas property. Context: US Texas resident (L1 visa) April 2010 - Feb 2015, Green-card holder Feb 2015 - date. Married US w… read more
Robin D.
Robin D.
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I need to ask a CPA a question about filing 2015 IRS taxes.
I need to ask a CPA a question about filing 2015 IRS taxes. I was able to complete a debt settlement with a credit card company and they sent me a 1099 form with the balance that was not paid. Am I su… read more
Mark D
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I am married file jointly and am in the 15% tax bracket, I
Hello, I am married file jointly and am in the 15% tax bracket, I have a second home, its never been rented I would like to sell it, the base value is 40,000 and I think I can sell it for $200,000, ho… read more
Lev
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My husband died in 2014 and i am doing s taxes cattle that
My husband died in 2014 and i am doing his taxes for the cattle that was sold in 2014 creating a gain from the dispersal of the herd. He also had 1 home that is in probate and the home and the land wa… read more
Stephen G.
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I'm a Canadian citizen living in USA since 04/2014 with a
I'm a Canadian citizen living in USA since 04/2014 with a temporary work visa. I'm selling my house in Canada. What are the tax implications of bringing my money to US an buy a house here? Does my res… read more
Barbara
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My mother passed away November 2014. I filed her 2014 tax
My mother passed away November 2014. I filed her 2014 tax return. For 2015, what do I need to do in terms of her estate? Cash and investments were joint and/or I was the beneficiary. The only property… read more
Richard
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I live in alabama(State income tax) and will have to work from
I live in alabama(State income tax) and will have to work from Texas(no state income tax). I will have an apartment in Houston. Should i establish residency in Houston? Not sure of the best scenario f… read more
Robin D.
Robin D.
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. I sold a property in 2014 that was a primary residence
Hello. I sold a property in 2014 that was a primary residence for several years and then a rental. I have done the math already on qualified vs. non qualified use, etc. Simply, if I use the main home … read more
Lev
Lev
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