We bought and lived in a house for about 1year before moving out of state for job reason. We later bought another house in the new state, while keeping the first house. It has been 2 years since then, and now we plan to sell the first house. The first house has never been a rental property. How does capital gain tax work when selling the 1st house? Thanks.

I may need to sell some of my stocks whic I bought 6 months ago. What capital gain tax (%) will I pay? What would be the tax if I sell after 1 year from purchase?

We just bought a house in Nov. last year with an intention to expand it and move in. Before expansion, we did lots of improvement. Now we have buyers for it and we could gain a handsome profit. Though lease-to-own option will lower our capital gain tax rate when we sell this coming Nov., we prefer to have it sold right now instead of waiting for another half year. Any suggestions on how not paying tax on the gain? Can we create a Family liability partnership (FLP) or LLC and transfer the title from under our own names to the FLP or any other corporation type before selling it? Any creative thought would be much appreciated. Thanks.

If I buy shares of two different companies and sell these within a period of two months. In one case I gain and in the other case I have some loss. How to calculate short term capital gain tax? Is it the difference of the amount I overall gain?