Taxfilter: I sold a condo in April. I sold it for $5,000 less than I bought it for, but I walked away with some money because I had owned it for 10 years and paid down the principal. I had been renting it out for 4 years before I sold it because I moved to a city nearby. I also put about 10K into renovations over the past few years. Do I have to pay any capital gains taxes? Is it worth it to try to get any kind of credit for the loss I took when I sold it for less than I bought it for?
posted by Clustercuss
on Feb 26, 2014 -
Has there been any serious discussion or analysis of "swapping" capital gains tax rates (by raising them) and income tax rates (by lowering them)? [more inside]
posted by AgentRocket
on Aug 21, 2012 -
If I've held a stock for ninety days, but te company is bought out in an all cash transaction, do I still have to pay short term capital gains, or do I qualify for different tax treatment?
posted by Pants!
on Apr 4, 2012 -
I live in Canada and am catching up on my taxes.
While I was a student I was day trading through a discount brokerage.
Upon my request for a summary of Capital Gains/Losses, the discount brokerage I use told me that this is something I have to do on my own. [more inside]
posted by stealabove
on Mar 9, 2010 -
Does anyone know of a simple guide to calculating my refund on Massachusetts capital gains taxes for 2002? The state's instructions are long and, at first glance, incomprehensible. [more inside]
posted by teaperson
on Jan 22, 2006 -
CapitalgainsFilter: I bought a new house and my old house is set to go on the market on Monday. I'm just two months shy of the 2 years minimum residence requirement for avoiding capital gains taxes, and will make sure the old house isn't sold before that cut-off date. But do I really have to sleep in the old house all the way up to the end date? [more inside]
posted by anonymous
on Jul 29, 2005 -