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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
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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I recently sold my mobile home in Iowa and purchased a home ...
I recently sold my mobile home in Iowa and purchased a home in Florida, which I have now lived in just over a year. My employer has recently offered me one their rental homes. My question is, since my… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
A friend was buying a new house and the condo that he ...
A friend was buying a new house and the condo that he owns did not sell prior to him taking ownership of the new house. The condo has been unoccupied since July 2007. How does this impact the capital … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I am selling my house in September and Im sure that ...
I am selling my house in September and I'm sure that I'm going to have to pay taxes on the proceeds. I have lived in the house for 38 years. The closing will be in RI. Any help would be appreciated. T… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
how long muct you own a new home before you can sell
how long must you own a new home before you can sell without paying capital gain? We recently built our first home, doing most of the work ourselves, therefore we have a lot of sweat equity involved. … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
Is there a capital gains tax on the sale of my ...
Is there a capital gains tax on the sale of my home? I have lived there for 20 years and can not afford to pay ins & taxes any longer... My income is only 1100.00 per month from SSI… read more
Wendy Reed
Wendy Reed
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Master's Degree
3,197 satisfied customers
Can the capital gains on the sale of rental property ...
Can the capital gains on the sale of rental property be invested in a roth or 529 college savings to avoid taxes?… read more
Wendy Reed
Wendy Reed
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Master's Degree
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We are selling our home this summer (primary residence) and ...
We are selling our home this summer (primary residence) and moving to a new state for one year due to a job opportunity for my spouse... we plan to rent a property for the year. Are there penalties fo… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
i bought a more expensive home in nov 05 without selling my ...
i bought a more expensive home in nov 05 without selling my other home. in jan 06 i rented my old home and will be looking to dump it in 07. i would ve sold it prior to buying my new home but the mark… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I going to sell my house. It is a principal residence. To ...
I going to sell my house. It is a principal residence. To qualify for the $500,00 deduction do I have to be living in the house?" Can I buy another house before the sale and still get the deduction?… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
if you own a home and rent it out do you have to live in ...
if you own a home and rent it out do you have to live in it the last two years or only two years out of the whole time you own it.… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
If i have lived in my home for over 2-years and I sell it ...
If i have lived in my home for over 2-years and I sell it for $400,000, will I have to pay Capital gains?… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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How will the Capital Gains Tax affect my income taxes
I have a tax question regarding Capital Gains Tax in relation to the sell of home.. Can the profit for the sale of the home be spread out over a 10 year period??? Does all of it have to be rolled over… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
Do you always have to pay taxes to New Jersey when you sell ...
Do you always have to pay taxes to New Jersey when you sell your home and move to another state/ pat Cornish… read more
Wendy Reed
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Master Tax Advisor Enrolled Agent
Master's Degree
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My wife and I will be showing a capital gain this year of ...
My wife and I will be showing a capital gain this year of about $70,000 from property sales. How can we stear clear of a capital gains tax? What would our percentage of tax could we expect to pay?… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
My domestic partner and I jointly own our residence, in ...
My domestic partner and I jointly own our residence, in which we have resided for 11 years. We are considering selling and moving into a smaller, less expensive home. I will be 60 years old in January… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
we have lived in our house for 5 yrs now and are planning ...
we have lived in our house for 5 yrs now and are planning on selling it and don't plan on buying another house for a couple of years, will we have to pay capital gains… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
How to compute capital gains tax on sale of one ...
How to compute capital gains tax on sale of one home of a married couple living in two separate homes? Optional Information: Verona, United States… read more
RD
RD
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