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I'm selling my home in Florida and purchasing another in NC.
Hello I'm selling my home in Florida and purchasing another in NC. I've owned my home as a primary resident for 1.5 years . I just found out about capital tax gain and would like to know what to expec… read more
YawxO
YawxO
Consultant
MBA, Accounting
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I bought a house under my name and now after 4 months I want
I bought a house under my name and now after 4 months I want to resell it . I have an s Corp and I was advice that I would sell it and the profit should be paid to the s Corp trough escrow so I can av… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Person buys a home under his name and then resells it 5
Person buys a home under his name and then resells it 5 months after buying it. How much taxes is he going to pay + capital gains in california ?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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Rick, another question for you. Is there a difference in the
Hello Rick, another question for you. Is there a difference in the tax rate for long term capital gains resulting from selling rental property at a profit or selling Amazon stock at a profit ? And wha… read more
Rick
Rick
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I have a capital gains question on sale of 2 homes. July
Hello. I have a capital gains question on sale of 2 homes. … read more
Robin D.
Robin D.
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Capital Gains: I own my home, worth around $230,000. (a
Capital Gains: I own my home, worth around $230,000. (a cottage-style home.) My Mum is 82 and lives in a home worth close to $400,000. She owes $67,000 on it. Her RIFF has run out, and cannot continue… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,295 satisfied customers
I live in California. I bought a house 15 months ago and made
I live in California. I bought a house 15 months ago and made around $50K capital gain (it is my primary residence). Is the gain a capital gain as far as federal and California taxes are concerned? If… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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Myself and a co-owner of a house and 2 acres of property in
Myself and a co-owner of a house and 2 acres of property in West Virginia are preparing to sell the property the first part of next year (2011). The property was purchased in June 2007 for $65,000. A … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I am single and have lived in my home in California for over
I am single and have lived in my home in California for over ten years - purchased the home for $335,000 and selling for around $1,000,000. Adjusted income this year will probably be under $20,000. Wi… read more
Merlo
Merlo
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what is the cap gains on the sale of a house bought and sold
what is the cap gains on the sale of a house bought and sold in 2009 with a gain of less than 60,000?… read more
Bill
Bill
Master's Degree
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I sold a house I lived in in NJ for 9 years. I made $90,000.
I sold a house I lived in in NJ for 9 years. I made $90,000. profit. I reinvested in a NJ house the profit. I only lived there 2 months and sold that house. The profit on that house was bought it for … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
My mother passed away 8 months ago. Her house has been ...
My mother passed away 8 months ago. Her house has been sold and I have just been told that my brother and I will have around $113,700 each and taxable income around $90,000. The capital gains tax that… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
i sold my house for 370,000 bought one for 230,000 spend ...
i sold my house for 370,000 bought one for 230,000 spend 40,000 0n repairs, got a home equity loan for 70,000 do i have to pay capital gains tax, i am retired.. and single… read more
Mark D
Mark D
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Master's Degree
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my mom is selling her home in california. she will have a ...
my mom is selling her home in california. she will have a large capital gain as she has lived in the house for 42 years. is there anything else except the 250,000 exeption or all the upgrades she has … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I bought my house in 1978. Paid 50K for it. I am the ...
I bought my house in 1978. Paid 50K for it. I am the only one on title, but still had to give ex settlement money. I owe 292K on it and its worth about 560K. I own a piece of property in Oregon and pl… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
If I make a 150,000 profit on an investment home this ...
If I make a 150,000 profit on an investment home this year how much do I pay in capital gains tax?… read more
RD
RD
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Master's Degree
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How mush of capital gains tax would I have to pay for ...
How mush of capital gains tax would I have to pay for selling my home , also how much tax would the state recieve (CA) for the sell of the same home? I lived in the home for 12 months now and thinking… read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
real estate taxes on properties held less than a year
My question concerns real estate taxes. I purchased a home as my primary residence in October 2004 for $650,000 and sold it in April 2005 for $890,000. Commission and remodeling costs brought my net p… read more
Jon Andrews
Jon Andrews
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