Finance

Have finance questions? Ask a financial expert online.

Connect one-on-one with {0} who will answer your question

Related Finance Questions
My sibling and I are the beneficiaries of our father's IRAs.
My sibling and I are the beneficiaries of our father's IRAs. With the market and balances rising and falling, is it wise to try to time the processing and reregistration into inherited accounts, or ar… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,415 satisfied customers
I have a question about inheritance from a trust fund. New
I have a question about inheritance from a trust fund … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,768 satisfied customers
If there is a trust with the Trustee in California, i.e. the
If there is a trust with the Trustee in California, i.e. the trust is based in California, but I am the beneficiary of the trust and live in Illinois, and the money in the trust was invested in invest… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,768 satisfied customers
2020 offered the opportunity to not take MRDs from IRAs.
2020 offered the opportunity to not take MRDs from IRAs. Prior to the normal 2020 MRD distribution dates, I confirmed the Distribution Status of my all IRAs and confirmed No Distributions were going t… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,719 satisfied customers
I have a C corporation that owned commercial real estate.
I have a C corporation that owned commercial real estate. The real estate was sold and we did a 1031X to a DST. How should monthly distributions be categorized in the books and then reconciled at the … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
Can a person with an Individual Retirement Account (IRA)
Can a person with an Individual Retirement Account (IRA) consisting of 95% stock and 5% cash meet their annual Required Minimum Distribution (RMD) of 11 % for their age by selling 6% of their stock an… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,727 satisfied customers
I am trying to make a qualified charitable distribution from
I am trying to make a qualified charitable distribution from my IRA. The date part of it is tricky. I will turn 70 1/2 on Dec 29. My financial institution, Vanguard, has an online form. They make out … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,768 satisfied customers
I am a member of a family irrevocable trust originated by my
I am a member of a family irrevocable trust originated by my parents. They are both deceased and left oldest son as trustee. There are total of 8 children who were original beneficiaries.My question i… read more
Bryan M.
Bryan M.
Owner
Masters of Accountancy
151 satisfied customers
I had a question on moving an IRA account from a bank IRA to
I had a question on moving an IRA account from a bank IRA to a brokerage IRA. My uncle went to his local bank and let them know he wanted to move his account. They issued him a check but it's thebfina… read more
Barbara
Barbara
Enrolled Agent, Paralegal
22,258 satisfied customers
I am full time employed and have since years a 401k into
I am full time employed and have since years a 401k into which I and the employer contributes. Last year I took a part of the money from that 401k and rolled it over into a "self-directed" IRA using t… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
What are the pros and cons of defining your Childrens' Trust
What are the pros and cons of defining your Childrens' Trust with Tax ID as contingent beneficiaries to your 401K plan verses defining the children specifically by name, or a Roth IRA FBO children nam… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,768 satisfied customers
I have a scenario I am slightly concerned about. My wife
I have a scenario I am slightly concerned about. My wife passed away a few months back. She had an individual retirement annuity with two policies and then had another one as well with another insuran… read more
PDtax
PDtax
Owner
Master's Degree
6,579 satisfied customers
What is the percentage of RMD that I must take from the total
What is the percentage of RMD that I must take from the total dollars of my investments and IRAs? Do my reinvested dividends count as RMDs?… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
24,239 satisfied customers
My husband received RMD through s stock investment with. I
My husband received RMD through his stock investment with ***** *****. I cannot find where to put this RMD on the tax forms; the 1099R's I received from ***** ***** did not say anything about RMD, jus… read more
Bill
Bill
Master's Degree
3,255 satisfied customers
If a Revocable Trust does not state whether or not the DNI
If a Revocable Trust does not state whether or not the DNI is required, does it default to being taxed on the 1041? The income is $11, 544 capital gains $17,000 dividends. There were distributions mad… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,768 satisfied customers
In January 2015 I closed an IRA I had in a financial
In January 2015 I closed an IRA I had in a financial institution in Puerto Rico because they were unable to transfer to the US. I closed, pay penalties and taxes, and use that money to make a SEP IRA … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,768 satisfied customers
IN you post a number of years back you stated that a trustee
IN you post a number of years back you stated that a trustee MAY ELECT to pass a depletion allowance to trust beneficiaries? I have six questions: How and where does the trustee make that election?; i… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
Both parents are now gone, I am the successor trustee. All
Both parents are now gone, I am the successor trustee. All bills are paid, no property, only an investment sum with Thrivent. They are telling me that the trust now needs to have a new tax ID to be le… read more
JKCPA
JKCPA
CPA
Bachelor's Degree
844 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,305 satisfied customers

More than 5000 online tutoring sessions.

Megan C

Megan C

Certified Public Accountant (CPA)

2,225 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

sgriffin26

sgriffin26

Loan Officer

93 satisfied customers

Licensed RE Agent, Loan Officer, and NMLO. I have been in residential lending for over 10 years.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x