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I sold my home in december 2020 and our new home will not be
i sold my home in december 2020 and our new home will not be complete until june 2021when should we report the proceeds from the sale on our taxes … read more
Rick
Rick
MBA
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I have a question, I sold my home last year, and was told by
Hello I have a question, I sold my home last year, and was told by my real estate agent, that my husband and I can claim, one half of the proceeds each, and will will not need to pay taxes on the capi… read more
Barbara
Barbara
Enrolled Agent
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I moved from Oregon to State (lived in Oregon home for 6
Hi there. I moved from Oregon to Washington State (lived in Oregon home for 6 years) and decided to sell my home in Washington State (after living in it only a couple of months) and move to another st… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
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I sold my primary home in March 2020. Do I have 2 years to
I sold my primary home in March 2020. Do I have 2 years to buy another home before filing Capital Gains ? … read more
Rick
Rick
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I sold my home last month. Next year do I pay tax on it if I
I sold my home last month. Next year do I pay tax on it if I dont buy another home within one year? … read more
Barbara
Barbara
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Ok I got income of 369,000 on 1099 on it says 2018 cause I
Ok I got income of 369,000 on 1099 on it says 2018 cause I sold house but the funds were put in escrow account I purchased new home jan23 2019 and that's when I recieved the funds from the sale does t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I sold a house this month and made a profit of $55K. I am
I sold a house this month and made a profit of $55K. I am married and filing jointly. Will I owe any kind of taxes on the sale of the house if my wife and I make below a certain amount? … read more
Rick
Rick
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I have a question regarding paying capitol gains tax on a
i have a question regarding paying capitol gains tax on a condo I own and might sell … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I sold a house in 2013 for $600,000 which I used to pay off
I sold a house in 2013 for $600,000 which I used to pay off the balance of my mortgage, pay the realtor, pay my ex-husband and buy another home. I just received a notice from the IRS that I owe $283,9… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
All of our money was held in my wife's trust. She sold her
All of our money was held in my wife's trust. She sold her home for 277,000. and then became sick. We had picked out a new home we were going to buy and Morgan Stanley would not release the money unti… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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Hi - I sold my property overseas, it was a long term capital
Hi - I sold my property overseas, it was a long term capital gain, I paid the taxes overseas and then tranferred the net proceeeds to US. I used all that money as a downpayment to purchase a property … read more
Barbara
Barbara
Enrolled Agent
23,780 satisfied customers
My mother died 30 years ago and left our home to my sister
My mother died 30 years ago and left our home to my sister for as long as she wanted to live there. SHe has decided to sell it. She will get half of the proceeds of the sale and I will receive 1/6 of … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
If a person owns a property and sells in order to purchase
If a person owns a property and sells in order to purchase an equal or more expensive property does that person owe capital gains on the sale of the first property… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
My brother sold a house in Massachusetts in November of 2008
My brother sold a house in Massachusetts in November of 2008 and was under the gun to buy property from the proceeds of that house within 45 days or lose capital gains exclusion?! He bought 2 condos, … read more
Merlo
Merlo
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558 satisfied customers
A small portion of the 1/2 acre lot that my home is on was
A small portion of the 1/2 acre lot that my home is on was purchased by the State of Montana for a road right-of-way. I have seen a few vague references that indicate that instead of a) paying taxes o… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I was divorced in 2008 and we sold our home. Do I need to
I was divorced in 2008 and we sold our home. Do I need to claim my portion of the proceed as taxable income? I did not buy another property.… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
I just sold a rental home that I bought in 2000. I lived ...
I just sold a rental home that I bought in 2000. I lived in the rental until 2004 when I bought the place I am in now. In August 2006 we sold the home and according to our accountant we the proceeds a… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
After selling my home is there a time frame in which I must ...
After selling my home is there a time frame in which I must purchase another home in order to keep from paying capital gains or is the 250k (500k) exemption something that can be done over and over as… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
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