Tag Archives: Capital Gains

Rental Gains Offset

Today TaxMama hears from Ed in New York who wants to know. “Can you offset capital gains from the sale of rental property, by capital losses from the sale of stocks?purchase orlistat online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/orlistat.html no prescription https://www.datafactories.org/wp-content/languages/new/resume-writing-service.html ”

Large Loss

Today TaxMama hears from Clay in California, who tells us. “I invested in a company that failed. Where is that handled on the 1040 form? I have had other failures and I was only allowed to deduct $3,000 per year. I have a substantial capital gain this year on a sale of properties.” Hi Clay […]

Capital Renovations

Today TaxMama hears from Claudette in New York, who asks.buy Glucophage generic bloinfobuy.com over the counter “What is the best way to put together a schedule of capital improvement expenses to offset the proceeds of the sale, if the house has gone through many renovations over the years. “

Big Gains

Today TaxMama hears from Marty in Calif., who relates. “I own a piece of land in Florida that I own free and clear and now have up for sale (as of Jan.buy tadalafil online https://www.conci.com/wp-content/languages/new/tadalafil.html no prescription 1, 2006) and the listing price is $5.74 million. It was valued at 6,000 when I acquired it […]

Selling Home Office

Today TaxMama hears from Ray, who tells us, “I just saw the article on deductions for a home office on WomensWallStreet.com. Something I learned last year from my tax advisor that needs to be disclosed is that when you sell your home, you get hit with Capital Gains tax on that home office location. In […]