Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Related Finance Questions
This is more of a question regarding financial advice.. I'm
Hello, This is more of a question regarding financial advice..I'm 61 yrs.of age. I live in PA. I plan on retiring at or before 65. I currently own 2 single family homes in MO. I did a complete remodel… read more
PDtax
PDtax
Owner
Master's Degree
4,290 satisfied customers
I bought a house in India few years back and kept vacant
I bought a house in India few years back and kept vacant until mid of 2017 when it was let out . I did not take depreciation deduction from rental income of this house in my US Income Tax Return for 2… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,779 satisfied customers
I am thinking of selling my rental property. I bought it for
I am thinking of selling my rental property. I bought it for $305,000, spent about $100,000 more to have it rented and my selling price is $400,000. I owned it for 10years. How much do I pay for capit… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,779 satisfied customers
I'm considering the idea of leaving my house in arizona to
Hi there,I'm considering the idea of leaving my house in arizona to travel abroad long-term.I'd like to turn my house into a rental.I have 3 rooms available to rent for 3 occupants in the house.The to… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
16,100 satisfied customers
I have a property that I loved in for 35 years. I then moved
I have a property that I loved in for 35 years . I then moved to Texas to help with my newly adopted grandaughter. I rented my house since May of 2014. It is in need of expensive repairs. I am 77 year… read more
Emilee Weaver
Emilee Weaver
Controller
Masters of Professional Accounting
91 satisfied customers
Client & parents bought a rental in 1990, they owned it
Client & parents bought a rental in 1990, they owned it 50/50. It was reported on sch E as 50/50. In 2003 the parents signed off their ownership & gifted their 50% to the client. The gifted 50% would … read more
ABC Accounting Group
ABC Accounting Group
Financial Advisor
Bachelor's Degree
912 satisfied customers
My fiance and i live in the state of ny. we own 3 rental
my fiance and i live in the state of ny. we own 3 rental houses and are in the middle of finalizing an llc. we took 54000 from his 401k to buy one of the units. the other unit we bought cost 22000 and… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,370 satisfied customers
My Grandparents put their house in a trust. 6-7 years later
My Grandparents put their house in a trust. 6-7 years later they both went into a nursing home. My question is if a property is placed into a trust and the trustee rents the property out is the truste… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
Soon to inherit, and also soon to sell, I'm thinking of
Hello. Soon to inherit, and also soon to sell, I'm thinking of getting into the rental property business. I feel I could start off with three single family homes: 1. My father's primary house in North… read more
PDtax
PDtax
Owner
Master's Degree
4,290 satisfied customers
This is a tax question. I am renting a house at about 60%
This is a tax question. I am renting a house at about 60% of fair market value to close relatives. Because of this situation, I have treated it as a second home and deducted only the mortgage interest… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
Im 57 years old and I want to purchase an income producing
I'm 57 years old and I want to purchase an income producing property now , and then eventually pay it off with my 401k .say 60 years old I start taking $50,000 a year pay the taxes on it and pay off m… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
If I purchased a foreclosure home for cash, what are the guidelines
If I purchased a foreclosure home for cash, what are the guidelines so i can claim as a rental. I'd like my daughter and family to live in the house and pay rent. Can I do this and claim as a rental? … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
What are the tax rules regarding depreciation of rental property?
What are the tax rules regarding depreciation of rental property? Specifically, If I reoccupy my house after renting it, when do I have to pay tax on the amount I claimed for depeciation while I am re… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
We have a 1 rental town house valued at $230k that is paid
We have a 1 rental town house valued at $230k that is paid off. We have a mortgage on our primary residence at 360k. We current take the rent from the town house and make extra payments on the primary… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
I am buying a townhouse (cash deal) as an investment property.
I am buying a townhouse (cash deal) as an investment property. I've started an LLC under which we plan to title the townhouse. Good idea? I was advised that if our AGI is more than 151K, we can't dedu… read more
sgriffin26
sgriffin26
Senior Loan Officer/ NMLO
Bachelor's Degree
92 satisfied customers
I have a 30-year fixed at 6.875%. My house is in need of repair,
I have a 30-year fixed at 6.875%. My house is in need of repair, amounting to about $11,000 according to the FHA appraisal, before I can qualify for a refi. I don't have it, and I'm not likely to get … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I have a $300,000 loan balance on a house Im trying to sell
I have a $300,000 loan balance on a house I'm trying to sell for over a year. I am moving into a $330,000 home with $180,000 down, owing $150,000. My wife and I have $250,000 in a retirement plan from… read more
James Heal
James Heal
Bachelor's Degree
495 satisfied customers
My husband and I, 59 and 55, are trying to decide how to get
My husband and I, 59 and 55, are trying to decide how to get out from under our financial burden. We have a home with 1st & 2nd mtg. (Balance $90,000 and $58,000); Monthly mtg & tax $1525/2nd mtg. $30… read more
Milan Vaishnav
Milan Vaishnav
Consulting Technical Analyst
Bachelor's Degree
536 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

2,609 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

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

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< 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