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A client sold the house for a $5,000 gain. I am showing it
A client sold the house for a $5,000 gain. I am showing it as a Capital Gain but excluded due to sale of main home on form 8949. Is that all that I need to do or are there any other steps?Thank you, P… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,643 satisfied customers
I sold my primary residence in 2018. Where do I Report the
I sold my primary residence in 2018. Where do I Report the sale of my home as I received for 1099-S?… read more
Rick
Rick
MBA
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I have 294 pages of 1099 which is more time consuming to
I have 294 pages of 1099 B which is more time consuming to enter on 8949 by each stock. In such case can I enter just the total proceeds value and total cost price and attach the pdf document with the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
What can I deduct for the sale of a second home(condo) not
what can I deduct for the sale of a second home(condo) not used as a rental that I bought in 2010 can I deduct annual taxes and improvements like putting tile , fixing condo for sale … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,349 satisfied customers
MY brother and sisters inherited a house from my father
MY brother and sisters inherited a house from my father several years back and we just sold it last spring. there is a capital gains about $100,000. Looking at form 8949 and schedule D where do I indi… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,186 satisfied customers
What do I need to do when I sell my main (only) home, and
Second opinion] What do I need to do when I sell my main (only) home, and use the money to buy another home? … read more
Bill
Bill
Master's Degree
3,163 satisfied customers
My sister and I inherited our parents house in March of 2016
My sister and I inherited our parents house in March of 2016 and sold it in January 2017. The appraised value at time of inheritance was 37600.00 for the building and 18200.00 for the land. We sold th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
I bought and sold a limited partnership ( symbol USO) in my
Hi , I bought and sold a limited partnership ( symbol USO) in my brokerage account and made a capital gain of 200,000 which was reported on my 1099. In addition for the same transaction I received for… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
Form 8949 - Where can I find the info for entering the code
form 8949 - Where can I find the info for entering the code in Column f? … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,349 satisfied customers
I'm working on my income taxes and have a question about
I'm working on my income taxes and have a question about 1099B statement … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
I have a few more questions. 1) When do I need to file to
Mark, I have a few more questions.1) When do I need to file to account for the capital gains tax on the sale of a home that occurred yesterday (per our previous thread)? It will be about 10K tax if I … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I was entering in my capital gain stock transactiond and one
I was entering in my capital gain stock transactiond and one of the items had a "code d" adjustment. I looked and this amount reduced my gain on form 8949 and schedule D but increased my interest inco… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
How do I figure the Cost or other basis house inherited and
How do I figure the Cost or other basis for a house inherited and sold in 2014 to input on form 8949, sec. 1, part (e) ?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,349 satisfied customers
Lev I have a couple individual tax questions: 1. What
Hi Lev I have a couple individual tax questions: 1. What are all the forms one uses if they sell a personal residence at a gain and lived in it for 1 1/2 years plus took depreciation expense for a por… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
I have a client that has $50K listed in 12b v which is sum
I have a client that has $50K listed in 12b v which is sum of the gains on the 1099b, however the proceeds are listed as $27k, which appears to be the net profit after taxes. does the $27k get reporte… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
Received letter from IRS. Sold primary residence in 2013 (lived
Received letter from IRS. Sold primary residence in 2013 (lived in 10 years), paid off mortgage and bought new primary with small down and new mortgage. I did not report this on tax return because non… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I sold stock from a qualified Employee Stock Purchase Plan
I sold stock from a qualified Employee Stock Purchase Plan (ESPP). I have the 1099 forms and know the applicable stock values for calculating ordinary income, capital gain, loss, etc. However, it is n… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,693 satisfied customers
Last year, I sold a rental property, and I dont know if it
Last year, I sold a rental property, and I don't know if it was for a gain or loss. How do I determine that?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,135 satisfied customers
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