Capital Gains Tax Exemptions.

why pay taxes the top 1 % dont
by chr1984 on January 15th, 2012 | 1 person likes this | 10 answers | in Capital Gains Tax Exemptions

by Anonymous on December 31st, 1969 | no answers | in

when do divorced couples no longer qualify for 500k tax deduction on capital gains on sale of real estate
by kcovey1002@aol.com on July 29th, 2010 | no answers | in Capital Gains Tax Exemptions

I have lived with my husband for 10yrs, married for 1yr, not on the deed. Would we have to pay capital gains tax for singles then?
by weezy18 on April 29th, 2010 | no answers | in Capital Gains Tax Exemptions

I have a reasonable capital gain I should I sell. Currently the market is "soft" my question is if I choose to rent my home for 2-3 years (a) how are the deductions taken while renting treated when I sell;. & (b) what if the home takes longer than 5 yr
by Anonymous on September 24th, 2009 | no answers | in Capital Gains Tax Exemptions

We own 6 acres of property, on which we live and conduct our business, I was told that when we go to sell our property since we live on it we will be exempt from paying capital gains tax. Is this true? Thank you so much.
by bevrosebud on September 17th, 2009 | one answer | in Capital Gains Tax Exemptions

I have a cottage i bought 21 years ago and we're selling it and buying a more expendive condo for a vacation home. Can i avoid capital gains?
by orange crush on August 13th, 2009 | one answer | in Capital Gains Tax Exemptions

I have an empty lot that I want to sell. It used to have my primary residence on it, until I lost it in a hurricane in 2004. I received a government disaster loan that absorbed my mortgage. Will I have to pay capital gains tax when I sell it?
by pranaspa on August 5th, 2009 | no answers | in Capital Gains Tax Exemptions

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.
by TishyF on July 23rd, 2009 | one answer | in Capital Gains Tax Exemptions

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?
by Rhett54 on June 26th, 2009 | 2 answers | in Capital Gains Tax Exemptions

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?
by tomdeb on June 17th, 2009 | 2 answers | in Capital Gains Tax Exemptions

My parents had part of their land holding taken under CPO order for a Dual Carriageway and are both under 55 years of age Assessment of compensation was land take, Severance/injurious affection,Disturbance,Good will. do we have to pa
by monkey on June 16th, 2009 | no answers | in Capital Gains Tax Exemptions

My grandmother has owned her house for over 60 yrs but has not lived in it for 7 yrs. She reached a state in her Alzheimer's where she could not live alone and has been staying with family since. Will she still be eligible for the $250,000 tax exemption?
by MaleeaNicole on June 9th, 2009 | no answers | in Capital Gains Tax Exemptions

We own a second house we moved out of 2 years ago and want to sell it. How will a lease purchase with monthly rent income effect the capital gain exclusion?
by tonyh44 on May 22nd, 2009 | one answer | in Capital Gains Tax Exemptions

I bought my house in 2000 for 240K and sold it in 2007 300K. do i have to pay captial gains tax for 2007?
by Anonymous on April 11th, 2009 | 2 answers | in Capital Gains Tax Exemptions

My father wants to give a onetime gift of $1 million of stock to his children split 6 ways. What are the tax implications for the children if they sell the stock, either immediately or after 1 year?
by apschiff@hotmail.com on March 19th, 2009 | one answer | in Capital Gains Tax Exemptions

If my ex-husband buys me out of the home we have owned together for 17 years do I have to pay capital gains tax? I have lived in the house the entire time.
by Anonymous on March 8th, 2009 | one answer | in Capital Gains Tax Exemptions

I was married July 2008. My husband sold his house (owned 5 years) in August 2008. I sold mine (owned 7 years) February 2009. Question is - do we have to claim one of the homes as a gain since we are selling two houses within two years?
by tiny_i on February 24th, 2009 | one answer | in Capital Gains Tax Exemptions

Our family had a vacation home and we sold it last year. My husband agreed to the sale because we had no income coming in and was waiting to hear if he could be put on disability. How will this sale affect how much taxes we will owe on the sale? Are ther
by Kathleen on February 18th, 2009 | one answer | in Capital Gains Tax Exemptions

I am selling my condo in NC (primary residence) for a $30K profit. I do not pass the two-year test, and I excluded a gain from a previous sale in May, 2009. However, I am selling to condo because I have taken a job in CA. Will I owe capital gains tax?
by sonoflar on January 21st, 2009 | one answer | in Capital Gains Tax Exemptions

My grandparents lived on a 115 acre farm since 1939, my grandfather passed since 1939 he passed away on Oct 2007 and Nov 2007 she went into a nursing home. If she sells the farm having lived on it 2 of the last 5 yrs will she have to pay cap
by plowman on January 13th, 2009 | no answers | in Capital Gains Tax Exemptions

I have owned a rental property for 15 yrs. and am considering selling. The gain would be approx. 150K and I depreciated it every year for the tax break. Is there any way to avoid paying capital gains tax on it?
by caldwell319 on January 8th, 2009 | 2 answers | in Capital Gains Tax Exemptions

If I bought a home in January of 2008 and due to militry orders, had to sell it in November of 2008, will I be required to pay capital gains taxes? If so, how much will they be?
by Anonymous on January 7th, 2009 | one answer | in Capital Gains Tax Exemptions

I bought my 3 family home that is my primary residence in the 1980's for $150,000.if i sell it for $650,000 and buy a single family home as my primary residence for $375,000 do i have to pay capital gains.
by spike1 on January 4th, 2009 | one answer | in Capital Gains Tax Exemptions

Has the tax law cncerning selling a primary residence changed as far as being able to avoid capital gains by living in the 2 of the last 5 years
by bob on January 3rd, 2009 | one answer | in Capital Gains Tax Exemptions

My father-in-law sold land surrounding his retirement home. The IRS has taken away his social security claiming back taxes on the sale. Can they do this. He currently is in financial difficulty and has no money to live on. HELP
by Kcrobin on December 21st, 2008 | one answer | in Capital Gains Tax Exemptions

Capital gains concerning selling primary and moving into a second house. Can you still sell in two years with no tax
by John on December 16th, 2008 | one answer | in Capital Gains Tax Exemptions

Why is poultry excluded from capital gains
by darlenecd on November 25th, 2008 | one answer | in Capital Gains Tax Exemptions

My husband has a seasonal chef position and is given free housing. We own a home w/ no mortgage and live in it for 5 months. Is this considered a vacation home or a primary resience. We also own a rental home
by katakins on November 10th, 2008 | one answer | in Capital Gains Tax Exemptions

When does the currant law expire? How does it get renewed?
by David on October 30th, 2008 | no answers | in Capital Gains Tax Exemptions

Do you pay capital gains taxes when you sell a home if you invest all the profits into buying a new home?
by Anonymous on October 27th, 2008 | 3 answers | in Capital Gains Tax Exemptions

I read in the AARP magazine that if you are cashing in stocks and bonds that you don't have to pay tax on the interest if you make under $ 65.110 ( for couples) till 2010. The article did not say what type of bonds and i wondered if it
by Anonymous on October 3rd, 2008 | one answer | in Capital Gains Tax Exemptions

If I sell my house that I've lived in for 16 years using a promissory note for nearly 100% of the proceeds, can I still use the 250K capital gains exemption if I buy another property at the same time?
by Dave H on October 2nd, 2008 | no answers | in Capital Gains Tax Exemptions

My wife and I purchased our home and lived in it for 2 1/2 years. A few months ago we relocated and are renting it out. Can I rent it for 2 years and sell without paying capital gains?
by msmontyguy on October 1st, 2008 | one answer | in Capital Gains Tax Exemptions

My father (86 years old) may need to sell his home of 30 years, he is widowed - so does he get the $250K or the $500K Fed Tax exemption?
by dksmsa on August 31st, 2008 | 2 answers | in Capital Gains Tax Exemptions

Purchased house-A in 1995. Purchased house-B in 2005 (August Closing). Moved to house-B in January 2006. When can I sell house-A by to get 500K tax exemption? The date when my escrow closed for house-B or when I physically moved in house-B?
by harima on August 25th, 2008 | no answers | in Capital Gains Tax Exemptions

You recieve dividends on stock and the dividends are rolled over back into the stock plan to buy more stock (you pay taxes each year on dividends) , then the stock is sold. Does the dividends count toward capital gains?
by Anonymous on August 4th, 2008 | one answer | in Capital Gains Tax Exemptions

Within how long must you purchase your house as primary residence again to avoid capital gains tax?
by Anonymous on August 4th, 2008 | one answer | in Capital Gains Tax Exemptions

If I buy shares in a company and later sell them at a large profit do I to pay capital gains on the profit?
by Anonymous on July 26th, 2008 | one answer | in Capital Gains Tax Exemptions

In UK. Own investment properties, some mortgaged, some not. If we sell one of the later to pay off another mortgage is CTG owed? How long is residence by ourselves in a former investment house required before it counts as our main home?
by blossom on July 4th, 2008 | no answers | in Capital Gains Tax Exemptions

If I convert my Calif home to income, can I write off the cost of improving (adding on) against any income? Since the improvements will be more that ten times the expected rent, can I average it out over time? And finally, what do I need to do to return
by tom on June 26th, 2008 | no answers | in Capital Gains Tax Exemptions