My Top FAQs for Capital Gains, Losses, and Sale of Home
- What is the basis of property received as a gift?
- If I sell my home and use the money I receive to pay off the mortgage, do I have to pay taxes on that money?
- How do I report the sale of my second residence?
- How do I figure the cost basis when the shares I’m selling were purchased at various times and at different prices?
- I purchased stock from my employer under a § 423 employee stock purchase plan and received a Form 1099-B for selling it. How do I report this?
- Do I need to pay taxes on the additional stock that I received as the result of a stock split?
- How do I calculate the average basis for the sale of mutual fund shares?
- I received a 1099-DIV showing a capital gain. Why do I have to report capital gains from my mutual funds if I never sold any shares?
- Is the loss on the sale of my home deductible?
- I own stock that became worthless last year. Is this a bad debt? How do I report my loss?
Frequently Asked Question Subcategories for Capital Gains, Losses, and Sale of Home
Do you have a capital gain question?
Have you sold your home?
Have other tax questions? Just call me. 732-673-0510.
Please reach out to me without hesitation with any tax,
business or accounting question,
and to schedule a consultation.
Tax Laws are complex.
It is very easy to make mistakes that can incur penalties.
Do you have a Tax, Accounting or Business Question?
Is your CPA or Attorney ignoring you?
Call Me Immediately.
(732) 673-0510.
Remember,
“If We Aren’t Working For You, Then You Aren’t Working At Your Best”
Chris Whalen, CPA
(732) 673-0510
79 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com
