Capital Gains Tax category

Capital Gains Tax category

Calculating Capital Gains Tax

Posted by tbrown567 some time ago

I have a house that I just built for 340,000. I will sell it for 470,000. I have not lived in the house. How much will I have to pay in capital gains? How much will I save if I live in it for one year?

Posted by booielooie some time ago

I inherited a home, and I had to pay state inheritance taxes on it. If I sell it for an amount lower than the appraised amount I paid taxes on, can I take that as a capital loss since it is not my primary home?

Posted by carpenter some time ago

If I sell my home can I get a one-time capital gains exemption without reinvesting in real estate? I am 61 years old.

Posted by upallnight some time ago

I live in CA. Have a rental & primary home, can't afford payments now, can I sell condo & apply to my primary residence, and do I have to pay capital gain? I'm afraid to loose my home and have bad credit.

Posted by MyBetz some time ago

I lost my business and had to file bankruptcy. Will I still have to pay capital gains tax if I sell my home that I lived in for under 2 years?

Posted by nickname450 some time ago

3 people jointly own a 20 acre plot of land. Persons A + B own 5 acres each (given to them by their mother, who used to own that 10 acres), person C owns 10 acres. If sold for $80K, what will each pay in capital gains tax? The money will be split 25/25/50

Posted by TishyF some time ago

Can reduce the amount of capitol gain from selling a rental property by using all procedures of the sale to pay of the debt of primary residence.

Posted by Ilene Peppers some time ago

If you sell an investment property and then use the proceeds to buy another property (a second home), do you have to pay capital gains tax on the initial sale of the investment property?

Posted by keithold thanks all baggers some time ago

Are we required to pay 28 percent capital gains taxes on a house we are selling?

Posted by some time ago

How do return of principal payments affect my cost basis when I sell mutual funds?

Posted by Heidigrex some time ago

I am selling a vacant lot and will be using part of the sale money to purchase a primary residence. Obviously there will be capital gains taxes (I made money on the lot) How long do I have to pay the taxes. I am in Oregon

Posted by phil some time ago

I sold a rental house that had been rented for the past 5 years and I used the proceeds to help buy my permanent residence do I have to pay capital gains taxes on this money?

Posted by Anonymous some time ago

What is the percentage of taxes on capital gains for a rental property I have owned for 3 years in florida?

Posted by Anonymous some time ago

My parents inherited a house which they would like to give to my sister and I. My sister and her husband plan to keep the property as a rental. They will pay me for my half of the property. How can we work the transaction to avoid tax problems?

Posted by Anonymous some time ago

Is it true that you can take a one time exemption in your lifetime and not pay any capital gains tax on the sale of your vacation residence?

Posted by tedsiok some time ago

I was put on a deed as coowner w/out mortage on a home. My dad passed away in June. I am now sole owner. I lived there from 88 to 95. I have another home with mort. How much will I owe if I sell dad's property for about 200K. A certain %? Thanks. T.

Posted by G - Man some time ago

Does the 2008 tax year exemption for capital gains taxes on long term investments for couples making less than 65,100 apply to real estate? Or does the 24 month out of 60 month residency requirements still apply to avoid capital gains tax

Posted by Rhett54 some time ago

I am separated from my husband, I moved into my rental property and am planning to sell & relocate while married. Does the 2 out of 5 years apply to my situation and would I fall under the single or married category?

Posted by some time ago

How do I calculate the average basis for the sale of mutual fund shares?

Posted by Sidney Foster some time ago

How can I calculate the capital gain on a second home?

Posted by stevop some time ago

I am interested in buying the house I rent. The owner paid $213k wants $300k price. Owner said I cannot go lower than $300,000. I have never lived in the house, I would have to pay a capital gains tax" Is that a valid excuse 2 b firm on $300k or a fib?

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