Hiroki Cibulka
Capital gain tax question
I have a question regarding capital gain tax.ExampleBought 50,000Sold 100,000 Own it for 17 yrsWill buy another property (50,000 is a down payment)Will invest REIT for 50,000How much do I have to pay Capital gain ...
Robert McDowell
NY State Capital Gains
We are selling our primary residence in NY state (not NYC) and I'm a little confused on how capital gains will be handled at the state level.
Thy his has been our primary home since we purchased it 2.5 years ago. I'...
James Schulte
Capital Gains Tax Questions
We are residents of Missouri and have a Florida LLC that owns a short-term rental home in Destin, Florida.We have owned it for almost 4 years now and would like to sell the home.The purchase price was $779,000 and sal...
Angie Bart
Capital gains tax question
Hello! I am receiving conflicting information and am hoping someone here may have insight:I bought a home in 2000 for 133K. In 2010 I moved and rented the home out. I am now putting the house up for sale.1) When talki...
Liz Rogers
Capital Gains Tax Threshold?
Is there a threshold for when you have to pay capital gains tax? For example do you have to make $100K before you get hit with capital gains? Thanks!
Joe Shepherd
Capital gains tax question
Hello,I bought my house in April of 21 for 185k. It is now worth 250k in just a few short months. The house down the street from mine is the exact layout and just as nice as mine sold for 250k yesterday. Is there a wa...
Daniel Burant
Short Term Capital Gains
Hello BP Community. I’m kind of in a weird scenario here and I’m looking for a little direction.
Six months ago my wife kids and I moved out of our owner occupied duplex and purchased our second property single fa...
Tanner Christensen
Capital Gains Tax Utah?
I am wondering if anyone knows how capital gains work state by state. Does Utah follow the same capital gains exemptions status of living in a primary residence, married for two years or more - with a gain of less tha...
Edgar Martin
Capital gains on rental?
Hi BP,
I have currently owned my property for 6 years and am curious to know if I rent it out for one year, then sell, will I have to pay capital gains since it's been rented for less than two years? Or, since I hav...
Pat McCandless
Capital Gains, Tax Tips
Hello BP,I'm looking for some references in Connecticut, ideally in Central CT/Hartford County area, that can advise me on the tax implications for flipping properties, what to expect and maybe some strategies to prep...