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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
Barbara
Enrolled Agent, Paralegal
10,625 satisfied customers
We moved from CA in Dec 2017, but the house sold Feb 9,
We moved from CA in Dec 2017, but the house sold Feb 9, 2018. It was our primary home and we were there over 4 years. We did not reside in CA at all in 2018 or make money in the state. Do we need to f… read more
Barbara
Barbara
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We rented a house back in March of 2015 up until January of
We rented a house back in March of 2015 up until January of 2017 and then purchased the home from our landlord. We then sold our home in March of 2018. Are we still on the hook for long term capital g… read more
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I hope all is well with you; hopefully avoided Hurricane
Hey Barbara; I hope all is well with you; hopefully avoided Hurricane Micheal. My St. Petersburg property thankfully did.I have a query about the sale of a primary residence of a decedent. His will le… read more
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My mom bought property in 1977 stated to build a house in
My mom bought property in 1977 stated to build a house in 1993 but stopped 3 years later then completed it in 1996. She sold it on an installment (Primary residence) November 2017. She received one in… read more
Stephen G.
Stephen G.
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I bought a house in 2017 and plan on flipping it in 2018. Do
I bought a house in 2017 and plan on flipping it in 2018. Do I put the purchase on my 2017 tax return, along with the real estate taxes paid, mortgage interest paid and repairs I made to the house? Or… read more
taxmanrog
taxmanrog
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I need to file my 2017 taxes yet. I bought an investment
I need to file my 2017 taxes yet. I bought an investment property and sold it and potentially owe capital gains tax but my expenses had me break even or losing a little money. should I record this wit… read more
Lev
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Term capital gain on real estate that was not a primary
long term capital gain on real estate that was not a primary residence … read more
Barbara
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I recently sold a house I acquired during a divorce for
I recently sold a house I acquired during a divorce for $68,000 gain. What are my options with claiming this money? I am married always filed married, but I wondered if I filed single it would help me… read more
Tax.appeal.168
Tax.appeal.168
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I have sold my primary residence house owned with husband
I have sold my primary residence house owned with husband but he took all the profit of 55k as well as earned 99k in full time job, whereas I earned 7k in 2017 and currently making 1200/month. We are … read more
Barbara
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10,625 satisfied customers
In 2018 we have had a Capital Gain Loss of over 500K in a
Hello- In 2018 we have had a Capital Gain Loss of over 500K in a long term investment fund. We are planning on selling our primary residence that we have lived in over 20 years, and paid 500k but can … read more
Lev
Lev
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Does income & tax bracket have an impact on term capital
Does income & tax bracket have an impact on long term capital gains when a property is sold? … read more
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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
emc011075
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My wife and I sold our primary residence in November 2015 in
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We bought a new home in Virginia in January of 15 and we have been waiting for my in-laws to sell their home with the plan that they would buy our previous primary residence. They will net about 400K … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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How/where does an individual report the sale of a home that
How/where does an individual report the sale of a home that was purchased, repaired and then sold for a profit. The house was purchased in December 2006 for $42,014.73, repair costs incurred were $838… read more
Merlo
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I currently own 3 homes. My primary residence and two ...
I currently own 3 homes. My primary residence and two rentals. I want to sell my primary residence and one rental to by another primary residence that I can also rent (one level of the house). Can I t… read more
jgordosea
jgordosea
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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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