Anthony Hicks
Abvoiding Capital Gains Tax
After I sell my house I'm going to make 49k profit. I want to build a couple 4 plexes with the money but don't have all my ducks in a row yet. When I get the money, how do I avoid paying capital gains tax and how much...
Guillermo Lopez
Capital Gains on sale
I am selling my investment property through my company and what I like to know is capital gains is reported the year of the sale or 12 months from the sale? Is there a CAP on capital gains? If I reinvest the net pro...
Brendan Jones
Capital Gains Exemption Question
I'm selling a house that my family moved from in mid-April 2017. In order to qualify for the capital gains exemption (based on having lived in the property at least two out of the past five years), I therefore need to...
Phuong Uyen N.
Capital Gain Tax Exemption
Hello BP,
Please give me your advice on this:
I have purchased a property under my LLC. The property is located out of the state from my Residence-Address (Address on Driver License). I have primary been living in...
Rachana Mukherjee
Capital Gains tax proration?
Details
Condo purchased in November 2010 and occupied as primary residence as follows:
Purchase price 143K, current value 380K
Owner occupied = 3.6 years (November 2010 - June 2014)
Rented out = 4.7 years (July ...
James E.
Capital gains exclusion question
Hey BP - hoping the awesome tax nerds can help me out with this one! Working with my CPA to determine whether or not my wife and I are eligible for a cap gains exclusion. Here are some high levels bullets:- my now-wif...
Travis Daggett
Short sale capital gain?
Does a borrower have a capital gain tax burden as a result of a short sale?
Steve G.
Capital gains tax exemption.
what is the rule for partial sell of primary resident? If husband and wife sell half of their primary resident to their son, are they still exempt for half of 500k (250k) capital gains?Of Course, This would be discuss...
Nate Turner
Capital Gains w/ Cosigner
Ok, so we are just about to sell our single family w/ legal accessory that we bought less than a year ago, and I'm researching how capital gains is going to work.
I have a cosigner on the loan who is in the highest ...
Pawel Bronski
Cap Tax Gain exemption
I’m working out off market deal with seller that is worry about capital tax gain (NY). However his odd situation might plays on his favor.. some background: He owns the place since 1990 (bought for $14k). Lived at the...