If a raw land parcel was sold at a profit, with the seller owning this parcel for more than 1 year, with the seller being in a 15% tax bracket ( from regular job ), would there be a capital gains tax liability ? Selle...

Hi,A year ago we sold our house that we had lived in for 5 years and made about 260K.  We invested some of that on a rental property and built another house.  We want to sell the new house and because we were the gene...

I rented out my primary residence for the past two years, but lived in it for the three years prior to that. The tenant has moved out, and now I am considering selling it. Does the fact that it was recently a rental i...

Hello BP world!

I have some friends that are looking to move back in town. They bought a home last May after accepting a traveling nurse position and have the opportunity to accept another position back home here. ...

Hello BP Community!  I am in need of some advice/knowledge on Capital Gains Taxes pertaining to my personal situation.
My wife and I currently live in CA and are planning to sell our primary residence in the next mon...

I am seeking a couple properties and looking for ways to avoid capital gains. The costs of homes are too high to roll over money through 1031 exchange. What other ways are there to avoid the capital gains

Hi Everyone, I’m confused about capital gains taxes on the sale of my rental property.  First a little background: I bought a condo in Florida in 2008 for $200k I lived in it as my primary home until 2013 at which poi...

I'm about to make over 500k on the sale of my home.  It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low.  Under 20k.With that low income, can i still be charged capital gains?I...

The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...

Before anyone says it, yes I have a CPA, he's on it and I'm waiting to hear back, but my realtor is questioning what my CPA's already told me.
Here's the situation: I am under contract to sell my previous primary res...