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Home » Categories » Finance » Taxes » Federal taxes » IRS » Capital Gains Tax
Capital Gains Tax

Captal Gains Tax Questions & Answers

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Nov 7 2009
19
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We have lived in a home for 10 years, rented it out for 21/2 years, capital gain would be $75,000.00, can you deduct interest paid, taxes,insurance and cost of repairs etc from the gain? (2 answers)
by HOLLYBELL in Capital Gains Tax Exemption
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Oct 29 2009
22
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Where could I find a TI83+ app/program that does the 'solve' and 'csolve' functions like a TI89 (1 answer)
by bfloyd1984 in Calculating Capital Gains Tax
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Oct 17 2009
39
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Can I place my sale profit in a 1031 and for how long? (2 answers)
by writemyselfaletter in Capital Gains Tax
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Sep 12 2009
15
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How much did your stocks drop in 2008? I figure I lost about 12% which isn't too bad considering what I have heard. But I am not an American and I have a conservative portfolio. (6 answers)
by a nony mous in Stock Losses
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May 19 2009
17
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In Sep 2006, I sold my shares in a limited company (started in Apr 1996). I was paid 25% of the value of the shares in Sep 2006, with the balance of the purchase price to be paid in Sep 2008. Do the new rules on CGT affect this transaction? (1 answer)
by merry1 in a Texican COAT in Capital Gains Tax
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May 19 2009
19
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I am selling a house that is in trust. two trustees one of them married. have lived in home over 10 years. do i have my married exemption(500k) and other trustee exemption(250k) for a total of 750k? (1 answer)
by merry1 in a Texican COAT in Calculating Capital Gains Tax
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Feb 15 2009
19
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We purchased 3 1/3 acres 19 years ago for 8k. Selling it for 50k. How much captial gains tax do we owe?. My husband is retired (60yrs old) and I'm still working (57 yrs old) and our combined income is 84k (2 answers)
by Sherri in Capital Gains Tax
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Jan 11 2009
21
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Can I reduce capital taxes by setting up an LLC and quick claiming the property I bought as an individual to the LLC? (1 answer)
by Samtime in Capital Gains Tax
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Oct 26 2008
25
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Are you freaking out over the huge losses we are seeing in the stock market everyday? (7 answers)
by Shan is Purrrrrfectly Happy in Stock Losses
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Sep 14 2008
15
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If my capital gain on the sale of a 3 family home I live in is $520,000 and my basis is 0, do I deduct the improvements off the gain or do I calculate the gain percentage and then deduct the improvements? (2 answers)
by dr james in Calculating Capital Gains Tax
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Sep 8 2008
15
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I've lived in my home for 5 1/2 years. Due to some problems with the old mortgage group, we had to sell the home to my parents a year ago. If we bought the house from my parents now would I have to pay capital gains? I really need this house in my name. (1 answer)
by YARNLADY is happy everyday in Capital Gains Tax
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Jul 30 2008
15
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My mother quitclaimed my sister her home. My sister wants to sell the property and take the proceeds to purchase another home for my mother. What would be the capital gains rate? Is my mother still entitled to the $250k exemption? (1 answer)
by SweetieBriar in Capital Gains Tax Exemption
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May 21 2008
15
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Husband put up $33,000 down payment as silent partner with a relative on a pre-construction condo in 09/05. Condo built and ready for mortgage 10/07 but relative "walked away" and we did not take assignment. Is his $33,00 deduc (1 answer)
by larrymcjon in Property Losses
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Jan 9 2008
16
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The house is in our name, with improvments for the parents, yes there will be a profit. Dad now living with us and mom is in a full care nursing home! Now going to have to make changes to our home and wonder about financial help also? (1 answer)
by YARNLADY is happy everyday in Occupied Less Than 2 Years
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May 31 2007
16
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If I sell part of my 4 acre property which has been my primary residence for 6 years what are the capital gains implications, if I'm keeping the home and just selling fields. (1 answer)
by Paula Straub in Calculating Capital Gains Tax
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