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Calculating Capital Gains Tax Questions & Answers
Is there any local tax in Paola, Kansas, Thank you Paul Maraman Kansas?
by Qweryyttt on February 6th, 2012
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no answers
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in Calculate Capital Gains Taxes
How do I calculate capital gains taxes?
by Answerbag Staff on June 11th, 2010
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one answer
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in Calculate Capital Gains Taxes
How do I calculate capital gains taxes?
by Answerbag Staff on June 11th, 2010
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one answer
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in Calculate Capital Gains Taxes
How do i calculate cost basis for a stock sale?
by Answerbag Staff on June 4th, 2010
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one answer
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in Calculate Capital Gains Taxes
How do i calculate cost basis for a stock sale?
by Answerbag Staff on June 4th, 2010
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one answer
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in Calculate Capital Gains Taxes
You will receive the greatest gain on your prinicipal if intrest is compounded (Blank)?
by shadyxlurker on May 18th, 2010
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2 answers
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in Calculate Capital Gains Taxes
Which duplex to sell: Both are on the same street, same floor plan, owned free and clear. One is fully depreciated, owned for at least 20 years, and the other was inherited a year ago. Will there be a difference regarding taxes?
by nortonj on December 7th, 2009
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2 answers
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in Calculate Capital Gains Taxes
I heard that if I rent my house out and move to my rental, that I have owned for 33 years and is fully depreciated, that I have to live in it for 20% of the time I owned it to qualify for the tax exemption of selling your prinicipal residence.
by CoachRoy on November 1st, 2009
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one answer
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in Calculate Capital Gains Taxes
If I rent my house out and move into my rental, can I sell it after two years?
by CoachRoy on October 31st, 2009
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2 answers
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in Calculate Capital Gains Taxes
How will i be taxed for granting a perpetual easement to a cell tower company? Is it capital gains, and if so, am I taxed on the whole lump sum amount paid to me?
by jimmy21 on October 14th, 2009
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4 answers
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in Calculate Capital Gains Taxes
How do I calculate the cost basis of a home held in joint tenancy from date of purchase with my mother then sold two years after her death?
by Jette-S on October 13th, 2009
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no answers
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in Calculate Capital Gains Taxes
My father and I purchased 5 acres for ~$15k 10yrs ago. He passed away 7yrs ago. I'm selling the property and stand to make ~$20k in profit. What kind of capital gains tax will I have to pay on this? I'm in college, single and have no income.
by Matt1986 on September 8th, 2009
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no answers
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in Calculate Capital Gains Taxes
I want to sell a home I own as an income property. I bought for 195.00 and will sell for 300.00. I have had the house for about 2 years now. How much will I pay in capital gain?
by Erinblue on September 4th, 2009
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one answer
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in Calculate Capital Gains Taxes
My parents' house has been in my brother's and my name for over 20 years. They lived in the house but we did not. They are now deceased and we would like to sell the house and split the profit. How much capital gains tax would we each have to pay?
by Blaze on August 3rd, 2009
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one answer
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in Calculate Capital Gains Taxes
I want to sell a parcel of land and avoid taking the whole payment this year to avoid full capital gains. What is a good method to do this?
by bcdata on July 6th, 2009
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no answers
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in Calculate Capital Gains Taxes
We purchase property to run cattle on and had a rental home in 2003 for 111,000 may sell for 315,000 and then turn around and buy another piece of property with a home to live in for 368,000, will we have to pay capital gains,
by Anonymous on June 24th, 2009
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one answer
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in Calculate Capital Gains Taxes
If I sell one share of Berkshire A and buy 30 shares of Berkshire B, do I have to pay capital gains on the A share if I have a profit in it.
by Anonymous on June 20th, 2009
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2 answers
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in Calculate Capital Gains Taxes
I've owned my home for 18 years. I'm a single mom. I need to sell it to move on but I don't know if I can get another home since I doubt I can qualify for a mortgage. What are the capital gains rules on such a sale? My cash out is $280,000
by jeaniei on June 19th, 2009
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one answer
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in Calculate Capital Gains Taxes
Inher. prop. in a trust in 08. Selling due to being disab. on SSD can't live in it's uptairs. Own free & clear pay assoc. dues & taxes. I Live in a rental & need to purch. a home that I can live in. I'm 54 what taxes will I have to pay? Only income SSD.
by DCCalli on June 16th, 2009
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no answers
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in Calculate Capital Gains Taxes
Son inherited house from dad. House has a promissory to pay dad's ex-spouse. Son took mortgage to pay off promissory note. What is the cost basis of the house?
by Angela on June 11th, 2009
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2 answers
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in Calculate Capital Gains Taxes
My wife and I bought a house in 1997 paying 105K. As part of the purchase we got a second lot of 7 acres. We recently divorced and I am now selling this 7 acre lot for $44K. How is the basis calculated for capital gains tax?
by Anonymous on June 8th, 2009
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one answer
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in Calculate Capital Gains Taxes
We built our home ourselves and have lost the receipts. How do we determine our cost base?
by Fannie on June 7th, 2009
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one answer
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in Calculate Capital Gains Taxes
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?
by stevop on April 27th, 2009
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2 answers
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in Calculate Capital Gains Taxes
Where could I find a TI83+ app/program that does the 'solve' and 'csolve' functions like a TI89
by ArcyQwerty on April 15th, 2009
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one answer
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in Calculate Capital Gains Taxes
How do you determine the basis for a gifted property (gifted in 1998)? The property was purchased in the 50's in separate tracts (14 acres total) and then built on.
by Anonymous on April 12th, 2009
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one answer
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in Calculate Capital Gains Taxes
2008 tax question:I have a Final K-1 for 2008. I paid $7000 for this lim partnership in 1993. ($7000 is all i ever put into this Lim Partnership.) I received Tax Credits during the years of ownership. There are passive losses that have accumulated durin
by freds on April 1st, 2009
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no answers
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in Calculate Capital Gains Taxes
Is there a technique by which a taxpayer who owns stock in a public company can give the company money for legitimate business purposes and increase the basis of his existing stock holdings. Any citations would be appreciated, but not necessary.
by Possum on March 19th, 2009
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one answer
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in Calculate Capital Gains Taxes
In 1979, my Dad died and my Mom gave my brother and me each 1/3 of the house. She lived there until she died in Jan 2008. My brother and I inherited her 1/3 and in Sept 2008 we sold the house after cleaning it out. How do I figure my federal tax due?
by Anonymous on March 9th, 2009
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one answer
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in Calculate Capital Gains Taxes
We have incurred considerable losses in the last five years while conducting a business. If we sell our office building and realize capital gaines, can we offset any of the gain with the ordinary business losses.
by Anonymous on March 9th, 2009
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one answer
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in Calculate Capital Gains Taxes
If I sell my primary residence that My wife and I have lived in for 20 years, for 1.5 million and buy a new home for 300,000 and put into it 200,000 what is our capital gains tax liability?
by 4ears2002 on March 3rd, 2009
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one answer
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in Calculate Capital Gains Taxes
I bought stocks in 2008 and i need to fill out Schedule D. if i have multiple buys and sells of a stock, do i list them all in Schedule D or just add them up and put in the total? if i add them up,what should i do about the dates of buys and sales? thanks
by zach on February 28th, 2009
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one answer
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in Calculate Capital Gains Taxes
I am selling some land in Tx. What percent should I expect to be charged as tax? I Live in Il. so will I be paying an income tax onthe sale of the land?
by Anonymous on February 27th, 2009
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2 answers
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in Calculate Capital Gains Taxes
How do your determine how much capital gains taxes to pay in North Carolina if you are paying it on a home that was left to you by it having a lifetime diary on it?
by Anonymous on February 25th, 2009
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no answers
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in Calculate Capital Gains Taxes
My wife's parents had a 100 acre farm in kentucky. they bought it 50+ years ago for approx. $7000. The father died in 2001. Prior to his death the parents deeded the farm to my wife and her two other sisters. The new deed contained a trust for the mother
by edpent6 on February 19th, 2009
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one answer
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in Calculate Capital Gains Taxes
I lsold land land that was given to me in 1985.
Do I pay federal and state taxes on the capital gains?
Would the gain be the entire value since the land was given to me?
Is it tax exempt since the purchase occurred before September 1985?
by Anonymous on February 6th, 2009
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one answer
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in Calculate Capital Gains Taxes
Hi, we live full time in our motor home which is parked 5 months on our RV Lot in Arizona. The lot has a sm. building on it with water & electric. Have had this lot for 7years. However we are residents of Texas. Do we pay capital gains tax when selling?
by Anonymous on February 5th, 2009
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one answer
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in Calculate Capital Gains Taxes
Is selling property for cash or on credit relevant to the calculation of the amount realized?
by Anonymous on January 23rd, 2009
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no answers
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in Calculate Capital Gains Taxes
In 2008 I sold a piece of raw land, I purchased in 1997, for 15,000 to pay off a mortgage I had accumulated against it for 13,000. How much do I have to pay taxes on.
by Odie on January 20th, 2009
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one answer
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in Calculate Capital Gains Taxes
I BECAME SOUL OWNER OF MY FATHER'S HOUSE WHEN HE DIED 15 YEARS AGO. I HAVE NEVER LIVED IN IT BUT RENTED IT OUT. NOW I NEED TO SELL IT. WHAT ARE THE RULES FOR CAPITAL GAINS SINCE IT WAS NEVER A PRIMARY RESIDENCE?
by maxxie m on January 12th, 2009
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one answer
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in Calculate Capital Gains Taxes
I've owned 30+ undeveloped acres for~30 years. Bought it ~$50,000. Has and barn. Town has Appraised/Assessed value (Buildings $420k/$295k, Land $650k/$162k). If I sell development rights (say ~1million v
by Anonymous on January 6th, 2009
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no answers
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in Calculate Capital Gains Taxes
If I sell my farm on a land contract at what point am I liable for capital gains tax?
by Anonymous on January 5th, 2009
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no answers
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in Calculate Capital Gains Taxes
My brothers and I inherited a house in 2007. Will we have to pay capital gains tax on a house that was sold for less than it was appraised for 2 years ago.
by Anonymous on December 30th, 2008
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one answer
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in Calculate Capital Gains Taxes