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My question/info I need to confirm is regarding divorce, and
My question/info I need to confirm is regarding divorce, and avoiding capital gains after marital property was sold. I've filed for divorce (2018) I'm presently finalizing my settlement agreement, aft… read more
Barbara
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Thanks! If my total taxable income in 2018 was $30,365.56,
Hi, thanks! If my total taxable income in 2018 was $30,365.56, but I sold a house I owned for 18 years at a profit of $98,000, do I owe Capital Gains? … read more
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Chad EA, CDFA®, CFP®
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In May of 2018 I sold a condo at a sales price of $360,000.
Hello. In May of 2018 I sold a condo at a sales price of $360,000. I purchased it in August 2014, for $223,000 (this includes closing costs etc). I lived in the home from August 2014, to July 2017. I … read more
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I had a second home in with my wife for 5 years. I lived in
I had a second home in with my wife for 5 years. I lived in that home during our separation which lasted 18 months but sold it at that point in order to buy something that meet my new needs. Can I … read more
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I purchased a house in Minnesota in 2010. In June of 2016 I
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I was widowed 3 years ago. we moved into the house May of
I was widowed 3 years ago. we moved into the house May of 2014. I rented a room for 15 months of the last 4 years. I just sold my house. Will the 15 months that I rented it affect my taxes? … read more
Dr. Fiona Chen
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I sold a property in 2017 for a loss that I lived in and
Good morning. I sold a property in 2017 for a loss that I lived in and rented for the majority of time I owned it. I have always claimed the rental income. Now HR Block is saying I could owe ~9000 of … read more
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I got divorced last year. We're selling the house and
I got divorced last year. We're selling the house and splitting the profit. We lived there for more than 2 years as our primary residence. How will the taxes work? Also, can I still claim moving expen… read more
Lev
Lev
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I have a question about how to show the sale of our home in
I have a question about how to show the sale of our home in 2016 after renting it out for exactly 3 years because we couldn't sell at the time my husband transferred to new job. … read more
Chad EA, CDFA®, CFP®
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I have a question about primary residences. Here is the
I have a question about primary residences. Here is the situation. My husband and I own a house in Raleigh, NC. We have lived there for 27 years. It is our primary residence. We do not own any other h… read more
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I have a question regarding the sale of a rental property, I
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Stephen G.
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I HAVE SOLD A HOUSE THAT I JUST BUILT, I ORIGINALLY BUILT THIS
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I have owned and lived in my current home since 1990. It is ...
I have owned and lived in my current home since 1990. It is valued at around £250k. I bought it in 1990 for £96k. I jointly bought another house with my in-laws in April 2007. My wife and I own 45% of… read more
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My husband and I have been living in our home for 3 years ...
My husband and I have been living in our home for 3 years 5 months now. We purchased it 2 months ago form his parents. Becuase we have been paying the morgage and property taxes these past years as ou… read more
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I have owned our house 7yrs we lived in for 2 yrs, but we ...
I have owned our house 7yrs we lived in for 2 yrs, but we have rented it the last 2 yrs and now want to sell it,will we still be exempt from capitol gains tax… read more
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I have a question about Capital Gains. Sold our primary ...
I have a question about Capital Gains. Sold our primary (main) house in August of 2006. We lived in the house for 2 1/2 years which meets the use and time test and sold it for $235,000 which makes the… read more
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I am over 55 years old and I sold a 2nd home due to losing ...
I am over 55 years old and I sold a 2nd home due to losing my job. Am I subject to capital gains or am I exempt. I lost my job in Dec. 05 and sold house in 6/06.… read more
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I live in VA. We lived in our previous home until late ...
I live in VA. We lived in our previous home until late April of 2002. We moved and rented it out starting in July of 2002. We sold the house in March of 2005. Do we have to pay capital gains taxes or … read more
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