Capital Gains Taxes on Property.

Do I have to pay capital gains tax on the sale of a property i lose money on it
by NJMagpie on June 10th, 2010 | 2 answers | in Capital Gains Taxes on Property

What is capital gains tax on real estate?
by Answerbag Staff on May 4th, 2010 | one answer | in Capital Gains Taxes on Property

bought home with mom 3yrs ago 78K,She put down 16K,I took 46K mort, govt paid rest(imm domain). What capital gains if we sell for 80000
by dstevens73 on May 4th, 2010 | no answers | in Capital Gains Taxes on Property

What is capital gains tax on real estate?
by Answerbag Staff on May 4th, 2010 | one answer | in Capital Gains Taxes on Property

Parents give house to son/Son has own house/mortgage.Parents move in with son and son sells other house/what is the cap gains tax?
by avgjoe46 on March 13th, 2010 | no answers | in Capital Gains Taxes on Property

Buying property from my aunt. A joint tenancy deed was done in 1998 grandma died 2009.If it is a gift to me will I have to pay capital gain
by Catherine6174 on March 6th, 2010 | no answers | in Capital Gains Taxes on Property

I was willed to buy land. For cap gains tax should i have my tax base on timber or home?I plan to reside there,and i plan to sell sometimber
by FASTLINE30 on December 22nd, 2009 | no answers | in Capital Gains Taxes on Property

I find all sorts of answers on selling the house but not on selling land. on capital gain.
by joe on November 24th, 2009 | one answer | in Capital Gains Taxes on Property

I own 33% of an LLC. The LLC owns a comercial building and land in VA. I want to sell my third to the other two owners. What taxes will I have to pay for this sell?
by damien on September 8th, 2009 | no answers | in Capital Gains Taxes on Property

We purchased a rental property in 1998 for $90000 which we rented out to our daughter for 4 years. We sold the property in 2008 for 184000, so as we can purchase another property, which we paid 300000. are we excempt from capital gains or if not how much
by Anonymous on July 26th, 2009 | 2 answers | in Capital Gains Taxes on Property

I have sold property that was intended for a primary home. I invested the monies into another primary home. Do I owe any capitol gains?
by Anonymous on July 14th, 2009 | no answers | in Capital Gains Taxes on Property

My mother died last year, she lived in NY and I live in RI. She left her house to her five children. We are in the process of selling the house. Will I have to pay Federal or RI or NY taxes on my share?
by Shelly on June 21st, 2009 | one answer | in Capital Gains Taxes on Property

A UK widow signs over her home to her three children. Six years on she gives her consent for the children to sell it. Could they be liable to CGT?
by Hainbest on June 4th, 2009 | no answers | in Capital Gains Taxes on Property

We sold our vacation property in Montana and we live in Az. Do I need to file capital gains in both states?
by skippy on March 1st, 2009 | one answer | in Capital Gains Taxes on Property

My mother bought a house in 1996 for $110,000 cash. With provisions that upon her death, (in 2002), the house would automatically be put into my sister's and my name. In 2002, the house was worth $270K. We are selling it, do we need to pay capital gains?
by Anonymous on February 17th, 2009 | 2 answers | in Capital Gains Taxes on Property

My mom owned 10 acres since 1948, paid $2500 in '48, was sold '08 for $1.25 million. Does she get a break from or for capital gains since she is over 65 and lived there for so long. or just the $250,000
by rgmcouch on February 10th, 2009 | no answers | in Capital Gains Taxes on Property

I recently sold an investment property and want to purchase another home for retirement in another country while keeping my current residence will I be required to pay capital gains tax on the profit of the investment property if so what percentage?
by crossi on January 23rd, 2009 | one answer | in Capital Gains Taxes on Property

My wife and I bought a home in may 08 for $38,500 anticipating to move into the home when our current house sold however we have an offer of $80,000 for that home 5 months later what is our tax liability?
by gerald on October 23rd, 2008 | no answers | in Capital Gains Taxes on Property

Parents selling me rental property they own and I will flip it. They will defer my payment for house until it is flipped. Do they owe capital gains tax this year when we sign purchase agreement and transfer title or next year when I pay them%2
by Rob on October 5th, 2008 | no answers | in Capital Gains Taxes on Property

My father lived in a home purchased through a family trust. He passed away and I had the deed put in my name. The home was purchased for $285K and is being sold for $225K. What are the tax consequences?
by Anonymous on September 15th, 2008 | one answer | in Capital Gains Taxes on Property

My husband and I bought 5 acres of land to build a home on. Because we had to sell our last home for less, it left us with less $ to build another home, so we sold the land. We made a $5,000 profit. Do we have to pay capital gains
by Anonymous on September 4th, 2008 | no answers | in Capital Gains Taxes on Property

Purchased property in Utah about two years ago for 30000.(undeveloped lot) I now wish to sell it for 100000. I live in Ca. and wish to purchase my first home in Ca. with the proceeds. Do capital gains taxes apply?
by howie on July 14th, 2008 | no answers | in Capital Gains Taxes on Property

I want to sell off part of the property that my primary residence sits on. The proceeds from the sale will go to pay down the mortgage on the property. Will we have to pay capital gains on the sale?
by Anonymous on May 2nd, 2008 | one answer | in Capital Gains Taxes on Property

If I sell my home which is 2nd home I own. Do I have to pay capital gains taxes, if I buy another home within a year, or even land and a double wide trailer.
by HDsweetie on April 2nd, 2008 | no answers | in Capital Gains Taxes on Property

I sold a vacent parcel of 2 acres to a family member, for 20,000 and used half to pay down my mortgage . I inherited the parcel in the 80s. my income is about 7,000 per year in addition to a bout 10,00 in SS I am 69 years old
by lakegran on March 19th, 2008 | no answers | in Capital Gains Taxes on Property

We sold our house and bought a new one with the money made from the first. We are now being told we owe money to the IRS because they consider the money from the sold house income. Is this true?
by little d on February 19th, 2008 | 2 answers | in Capital Gains Taxes on Property

I purchased a house with friend in which we are flipping, all the profits will be split down the middle, some of the profits will be reinvested into another house to flip and some to consolidate some debit, will I have to pay capital gai
by archman on January 31st, 2008 | one answer | in Capital Gains Taxes on Property

We built a new house and are currently living in it, we still have our old house and have been unable to sell it, however, I have a person interested in doing a Lease Purchase for 1 yr. Will I have to pay capitol gain taxes on the profi
by rexybooboo on January 29th, 2008 | no answers | in Capital Gains Taxes on Property

We' re selling our cabin for about $190,000 profit. Also, we're selling our home and combining both sale profits to purchase a home that would be our primary residence. We used homestead money to buy the cabin, how can we avoid a
by Anonymous on January 27th, 2008 | no answers | in Capital Gains Taxes on Property

Is finishing your basement a tax deduction?
by Summer Rain on January 15th, 2008 | 3 answers | in Capital Gains Taxes on Property

I bought three parcels of land for 80,000 per parcel for a total of 240,000 all on the same contract. If I sell one parcel for 130,000 and apply it all against the total note will I have tax liability
by SpiritSister007 on January 5th, 2008 | no answers | in Capital Gains Taxes on Property

Does someone over 75 yrs old have to pay capital gains tax on a 2nd vacation home? Or on a rental property?
by Anonymous on December 23rd, 2007 | 2 answers | in Capital Gains Taxes on Property

Bought and lived in a house for a year and a half. just sold it. will i pay capital gains tax.
by justin on December 17th, 2007 | 7 answers | in Capital Gains Taxes on Property

When this property (my parent's estate) is sold, will I be taxed on my income bracket (28%) or a 15% capital gains flat tax. I live in Texas and my parents bought this house for 30k and I'm selling it for 67k.
by Big TAL on December 10th, 2007 | one answer | in Capital Gains Taxes on Property

I have owned a 100 acre property that includes my principal residence for over 25 years. I am going to sell it soon and would like to know what my capital gains tax would be. My gross income from wages and investments is less than $20,000 per year.
by Anonymous on December 3rd, 2007 | 2 answers | in Capital Gains Taxes on Property

Capital gains from investment property--does age affect rate say over 65
by Commercial1 on November 30th, 2007 | no answers | in Capital Gains Taxes on Property

My father purchased a home in atlanta in 1987. He resided in it for a year. Then he moved to Boston, he still owns the property in Atlanta and is going to sell it to me, will he have to pay capital gains on this property although he lived
by frank lucas on November 8th, 2007 | one answer | in Capital Gains Taxes on Property

I'm selling a primary residence in CT. I'm single. Purchase price in 1997 was $300k, improvements to date $200K. Expected real estate commision to be paid $50K. What can i expect to pay in capital gains taxes if the property sells for $975K?
by Anonymous on November 5th, 2007 | no answers | in Capital Gains Taxes on Property

What is the capital gains tax on investment real estate property?
by kcinatown on October 18th, 2007 | one answer | in Capital Gains Taxes on Property

2part: if i rebuild our primary residence, does that reset the 2yr time qualification to exclude capital gains, or will i need to live in the residence another "2 of 5yrs"? Can i claim the time during the rebuild?
by pgupupup on October 4th, 2007 | one answer | in Capital Gains Taxes on Property

If we carry back a note for the buyers of our raw land, will we owe capital gains on the entire profit this year (even though we will only be receiving a down payment) or only on the actual dollar amount we receive this year?
by Anonymous on September 6th, 2007 | no answers | in Capital Gains Taxes on Property