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Concerns capital gains loss for a residential property. I
Concerns capital gains loss for a residential property. I sold this property to my brother in 2005 for 200k. My agreement with him was to purchase the property back in the future for 200k. (The transf… read more
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I buy and sell cameras on Ebay. on 2017 I purchased more
Hi there, I buy and sell cameras on Ebay. on 2017 I purchased more items (all business related) than what I sold, meaning I have a loss for that year. Let's say that loss is $5000 for easy math. But t… read more
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emc011075
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I have a question regarding when FIFO may apply and when
I have a question regarding when FIFO may apply and when not. FIFO seems to be made for situations where identical shares of security are purchased at different times, then comingled and sold off late… read more
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I have a question about how gains work for property, when
I have a question about how gains work for property, when identical but deliniated/physically separated.If someone bought 3 of the exact same thing (comic book, car, rare coin) at different times, and… read more
abci168
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Looking for information about how capital gains work for
Looking for information about how capital gains work for investments. Does it matter if the investment is a Stock or if it's property such as a collectable that rises in value? How do regulations work… read more
LEV
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My family are planning to move out of state to Georgia fro m
So my family are planning to move out of state to Georgia fro m WA so I applied for another position with my company in that state. I had to tell my boss that I applied and he offered to let me work remotely in current position after I move. My question is are my moving expenses deductible in this case? If I had taken another position in the co, I most likely would have got relocation assistance , its more difficult to argue for assistance in this case now. … read more
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I bought a number of shares of a certain stock at various times
I bought a number of shares of a certain stock at various times and various prices. Subsequently, I sold some shares at a loss of nearly 700.00 (applying FIFO). I kept that money in my investment acco… read more
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Where an employee relocates from England to Australia for work
Where an employee relocates from England to Australia for work but instead of flying directly decides to fly via India for a 2 week holiday, can we as the employer salary sacrifice the cost of the fli… read more
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If I relocate for my job and the company gives me 2 years to
If I relocate for my job and the company gives me 2 years to complete my relocation (normally it is 12 months), and say I get a $100k benefit in the 2nd year of the relocation due to sale of my house,… read more
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Relating to options to buy shares (rights). Once options have
Relating to options to buy shares (rights). Once options have vested, and are at a discount, this counts towards income and is taxable. Capital gains tax on shares bought and sold is pretty much the s… read more
Expert
Expert
My partners employer offers the opportunity to work in overseas
My partner's employer offers the opportunity to work in overseas research laboratories for three to six months, which involves travel, accomodation and living expenses for the taxpayer and their famil… read more
Expert
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I have been offered a contract in NC that will pay 70.00 an
I have been offered a contract in NC that will pay 70.00 an hour. I am currently salaried in TN at 97K a year. If I rent a house in NC and keep the house in TN, can I claim the rental in NC as an "off… read more
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In 1996, my parents bought us (wife and 3 kids) a house in
In 1996, my parents bought us (wife and 3 kids) a house in California. The title and mortgage is in their name and we pay them every month. They have never lived here. The house is considered our hous… read more
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I am new to investing, and i would like to know, that when
I am new to investing, and i would like to know, that when reporting the sales of my stocks can I choose my way to report sales, wash sales etc, according to my purpose: long term gain. I mean : I sel… read more
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Business Question-I own my own business and have a ...
Business Question- I own my own business and have a general business question. My business is growing rapidly. It is a vending company. Each time a new location comes about, new equipment must be purc… read more
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I am opening a second office. Are the expenses of ...
I am opening a second office. Are the expenses of traveling to the new location, and the things I have to do to find the right place all deductible (hotel bills, travel costs, etc.)? If we do find the… read more
Christopher Phelps
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If I was in the progress of selling my home in one ...
If I was in the progress of selling my home in one state and moving to another state what decictions are I entitled to? It took me 11 months to get in my home and had to pay for my things to be in sto… read more
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Reduce Risk in Retirement portfolio via stock liquidation
My elderly mother has a large block of GE stock that I think she should liquidate, due to her need for stability and safety of her savings. The stock is about 40% of her savings, which is a lot of ris… read more
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