Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
Happy FriYay, I am sorry I miss our first connection. If you
Happy FriYay Anthony, I am sorry I miss our first connection. If you are available, could you provide me assistance for tax questions for my boss?… read more
Anthony D CPA
Anthony D CPA
Tax Manager
Master's degree, Tax Law/Taxation
87 satisfied customers
We owned a commercial property we did not own the business
Hi we owned a commercial property we did not own the business that was run there. When she sold her business they wanted to buy the building we sold the building at a big loss,. When we had our taxes … read more
Jeffrey Horning
Jeffrey Horning
Senior Information Technology Auditor
Master of Business Administration (MBA)
653 satisfied customers
I have three rental houses, and one business condo rented to
I have three rental houses, and one business condo rented to myself for the business of beauty salon. All rentals generated positive income. I know that the income from self-rental of the business con… read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,910 satisfied customers
I own a rental property that is tenant occupied. I'm
I own a rental property that is tenant occupied. I'm frustrated that I have to pay taxes on the rent that I receive despite the fact that 100% of the rent is currently paying the mortgage. How can I p… read more
Carter McBride
Carter McBride
LLM
7,996 satisfied customers
My 3 siblings and I inherited a house on a resort island MA
My 3 siblings and I inherited a house on a resort island MA from our mother. It is in a real estate trust that my brother was managing for rentals to pay the real estate taxes since before our mother … read more
PDtax
PDtax
Owner
Master's Degree
6,500 satisfied customers
I just founded an LLC to buy some commercial investment
I just founded an LLC to buy some commercial investment property and start an online retail store and I have a few questions: the amount of mortgage paid on commercial investment property is less than… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,311 satisfied customers
My partner is planning to start a business and I will be
Hi, My partner is planning to start a business and I will be joining that business as passive investor. It is a real estate business where multiple properties will be bought and rented it out to gener… read more
taxmanrog
taxmanrog
Master's Degree
2,202 satisfied customers
I am in NY. I am purchasing an investment property
I am in NY. I am purchasing an investment property multi-family home with a personal mortgage. Is there a way for me to open an LLC and process the rental income through an LLC so that the LLC can pur… read more
PDtax
PDtax
Owner
Master's Degree
6,500 satisfied customers
Lets say I own an LLC that makes $500k in net profits from a
Lets say I own an LLC that makes $500k in net profits from a software product and then the LLC uses the $500k as down payment on several rental properties valued at $2 million. So now the LLC technica… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,068 satisfied customers
I have an scorp in florida with 2 other shareholders. We are
I have an scorp in florida with 2 other shareholders. We are starting to make quite a bit of income and are looking into real estate to offset our income. Should we open another llc or corp and buy re… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,965 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
20,965 satisfied customers
I am a CA resident that derives most of my income from the
Hi. I am a CA resident that derives most of my income from the LLC where I (work K-1). I also receive a market salary and the company pays payroll taxes on my behalf. Because of this, I don't pay self… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I have a friend with about one million dollars in cash and
I have a friend with about one million dollars in cash and he'd like to know if he has to pay the taxes on his one million dollars or if he can invest this money into a multi unit condominium building… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,965 satisfied customers
My husband and I have 6 rental properties 1 furnished and 5
My husband and I have 6 rental properties 1 furnished and 5 unfurnished. I complete our tax returns and need to nowif there are any allowances that I should be using to reduce our tax liability. I kno… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,965 satisfied customers
My husband and I just completed an audit with the IRS. My husband
My husband and I just completed an audit with the IRS. My husband is the managing member of a single-member LLC that flows through to our personal 1040. My husband engages in both stock trading and re… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 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
Loan Officer
Bachelor's Degree
93 satisfied customers
In 2009, we purchased a small piece of vacant land using an
In 2009, we purchased a small piece of vacant land using an LLC (my wife is the sole member of the LLC). Here are the details: 1. We paid cash for the land. 2. The land is still vacant; we haven't don… read more
MarjorieCPA
MarjorieCPA
Certified Public Accountant
Bachelor's Degree
35 satisfied customers
I am thinking about buying a rental property. What is deductible
I am thinking about buying a rental property. What is deductible after the rental income (first year we would take a loss of $6,000 against the rental income). Is the mortgage interest deductible as w… read more
Don CPA-CFO
Don CPA-CFO
Bachelor's Degree
16 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

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

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,201 satisfied customers

More than 5000 online tutoring sessions.

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