Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
Lane, If someone builds a new home, is the basis only the
Hi Lane,If someone builds a new home, is the basis only the actual cost to build it?Please advise.Thanks,Kathleen… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
22,646 satisfied customers
I bought my home in 2014, but decided to move and rent it
I bought my home in 2014, but decided to move and rent it out beginning last year (2018). I'm now working on my taxes for last year and am learning how to report my rental income. I bought it foreclos… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,195 satisfied customers
Real estate professional: Please explain the advantage of a
real estate professional: Please explain the advantage of a triple net property over a multifamily as far as income potential and price appreciation. attached is an example of a NNN property. It has r… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,130 satisfied customers
I am purchasing a second home in Lavallette, NJ. It is on
Hi I am purchasing a second home in Lavallette, NJ. It is on Leased Land which is a separate $6000 payment to be made. However, I was told it is a Tax Write Off. My question to you is. Is this Lease L… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,929 satisfied customers
Regarding office's remodeling expenses for a corporation,
Good evening Stephen, Regarding office's remodeling expenses for a corporation, would that constitute as a qualified leasehold improvement and if that would be the case, it seems that one may elect se… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,929 satisfied customers
Emc011075:New regulations & small taxpayer safe harbor
emc011075: New regulations & small taxpayer safe harbor rules. Clients with rentals & low basis, are they limited by the lesser of $10,000 or 2% of unadjusted basis, excluding land. Some properties we… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,929 satisfied customers
I am trying to establish a rough estimate of the value of a
I am trying to establish a rough estimate of the value of a commercial office building with an annual rent roll of $650,000 per year. The building is 15 years old and in very good shape. It's located … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
22,646 satisfied customers
There is non profit organization that is exempt from federal
there is non profit organization that is exempt from federal income tax under code section 501(c)3. Since it is under public charity status of 170(b)(1)(A)(i) the organization is exempt from filing fo… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I bought a house for $169,000. I put $50,000 of improvements
I bought a house for $169,000. I put $50,000 of improvements into it. I then converted it to a rental 8 years after purchase at a basis of $400,000. I put another $30,000 into the house and used doubl… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,335 satisfied customers
I want to buy an Investment Property (Home) to use it for renting
I want to buy an Investment Property (Home) to use it for renting out to have monthly income . I have no personal choice regarding the nature of home like what type of home should i buy i.e., Condo or… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
My wife and I have just taken over managing several properties
My wife and I have just taken over managing several properties for my Father-in-law. He has quick claimed deeded several to her and the other to all three children. No one else wants to manage them. W… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,225 satisfied customers
I own a piece of vacant land inside of an LLC (the LLC was
I own a piece of vacant land inside of an LLC (the LLC was set up only to purchase and hold the piece of land). We purchased the lot with the intent of building a house on it at some point in the futu… read more
Taxtom
Taxtom
Accountant
Bachelor's Degree
1,306 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
In this economic real estate downturn, what is the long term
In this economic real estate downturn, what is the long term advantage of owning investment real estate that is upside in value and also owning it with a grumpy 57 year old co-invester who now after 6… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
how to value commercial, non-residential rental property, between
how to value commercial, non-residential rental property, between land and building? Acquisition cost was $825, 535. How do i arrive at a basis for land?… read more
Taxtom
Taxtom
Accountant
Bachelor's Degree
1,306 satisfied customers
i have two houses located at new jersey. The first house it
i have two houses located at new jersey. The first house it had three families stages and lease with people Rent received= $12,000 for years Morgage interest=$8,000 Real state =$4,000 The second mortg… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
My wife has a rental property she purchased as a primary residence
My wife has a rental property she purchased as a primary residence in 2006. She took out a mortgage and second mortgage to purchase the home, then refinanced the second mortgage after about a year. Sh… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,335 satisfied customers
What is the real estate market in The Northern Territory doing
What is the real estate market in The Northern Territory doing right now and what is the forecast for the real estate market in the NT in the next 6 months to a year?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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

1,989 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

R. Klein, EA

R. Klein, EA

Accountant

490 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

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

< 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