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I am a retired senior citizen. I live on Social Security as
I am a retired senior citizen. I live on Social Security as my only income.I sold my primary residence last year. Do I have to pay tax as income from my $30,000 that I profited? Would that be the same… read more
emc011075
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We are 4-year card holders who live in NYC. We rent an Apt
We are 4-year green card holders who live in NYC. We rent an Apt here but own a home that we bought in Canada 2012. Are there capital gains tax to pay if we sell that house (while we are green card ho… read more
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Will I have to pay capital gains taxes on a home I owned for
Will I have to pay capital gains taxes on a home I owned for less than a year? I purchased my home in September 2016 for $140,000 and sold it last month, August 2017 for $175,000. After it was all sai… read more
emc011075
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My grandmother paid for a house for me full price in GA. I'm
my grandmother paid for a house for me full price in GA. I'm getting my house here in AK ready to sell. Once I sell it, what do I have to do for not paying capital gain taxes since I'm giving her any … read more
emc011075
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I filed my taxes this yr but I did not put down my house I
hello there I filed my taxes this yr but I did not put down my house I sold in colorado and the house I bought in texas but all the money I made I put into the house I bought … read more
NPVAdvisor
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Do we have to pay capitol gain on a house we sold in
Do we have to pay capitol gain on a house we sold in 2016,that was out of our state of residence.. We are both over 65 and had the house for 8 years. When we bought it ,it was our primary residence. … read more
emc011075
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I have a question regarding a rental property that we own.
Hi. I have a question regarding a rental property that we own. We bought the house in 2010. Lived in it for the first few years, and rented it out two years ago (October 2014). If we were to sell the … read more
emc011075
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My mother in law recently sold her house in Southern
My mother in law recently sold her house in Southern California for $600,000. She is 87. Will she have to pay taxes on it & if so, about how much ? She has a family trust set up already. Can she just … read more
emc011075
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We are purchasing a home from my in laws. They purchased the
We are purchasing a home from my in laws. They purchased the home originally for 55k. If we purchase it from them for that same amount, will they have to pay capital gains taxes? The home appraises fo… read more
emc011075
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I borrowed 31000 from my 401k to fix my house to put it on
I borrowed 31000 from my 401k to fix my house to put it on the market. It sold for 195,000. Now I am wondering what the smartest thing to do is to buy a new house. We are moving from NH to MN. Either … read more
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- Owned home since Nov 1997; Purchase price: $435K - Rented
- Owned home since Nov 1997; Purchase price: $435K - Rented home from May 2003 to July 2006 - Demolished main house in Aug 2007, and city granted permission for two lots - Built new house in the old b… read more
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I have documentation for capital improvements made to the house
I have documentation for capital improvements made to the house I bought in 1994 and sold in 2011. I no longer have documentation for capital improvements made on the homes I bought and sold prior to … read more
Wendy Reed
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Own a home in NC, primary residence for 17 yrs. bought another
Own a home in NC, primary residence for 17 yrs. bought another home in NC, July 2005, same town, rented the 17yr home for a couple years, now on the market, empty for 7 mos. When I sell, does the 2 of… read more
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I sold my house as the result of a law-suit settlement(I won).
I sold my house as the result of a law-suit settlement(I won). I was paid 160k for it, my principle residence. bought it 67k ten years ago. had to pay the lawyer 70k. buying a new house for 130k. will… read more
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I purchased vacant land in 2006 with plans on building ...
I purchased vacant land in 2006 with plans on building a new home on it. In 2007, I sold the land. I also sold my primary residence and built a new home on a different parcel that I had bought. There … read more
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I have a complicated real estate scenario. Involves 3 prop.
I have a complicated real estate scenario. It involves 3 properties – 1st property - We moved last spring from Iowa, the house was put on the market, then was on a lease to purchase, fell through 6 mo… read more
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i'm selling a duplex and buying a single family home in california and would like to know what is the max amount of gain on the property that I can have withheld from taxes. 1) my husband originally b… read more
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I am looking at putting our house on the market that ...
I am looking at putting our house on the market that we purchased in Aug of 04 and wonder about the tax implications in Nevada regarding capital gains. We heard of a 1 time exemption, and we are going… read more
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