Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
Just sold our house and want to know if we have to pay
Hello, just sold our house and want to know if we have to pay taxes. It was my grandmother's house. She was unable to live by herself and moved in with my mother 4 years ago. My wife and I moved in an… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
Robin, Thank you for your quick response. I have a fully
Hi Robin, Thank you for your quick response. I have a fully depreciated duplex rental in another state, if i sell it to do a 1031 do i have to pay the depreciation recapture and or capital gains on th… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
30,566 satisfied customers
I inherited a property with 3 other relatives in august of
I inherited a property with 3 other relatives in august of 2018. It was appraised at $256,500. We sold the property in June of 2019 for $195,000. I have a 1099s for my share, $48,750. For the basis on… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
We bought a condo in Hawaii that we are almost finished
We bought a condo in Hawaii that we are almost finished completely rehabbing. We had intended to run it as a vacation rental business, but we're not sure we want to do that now because we don't care f… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
I TRANSFERRED MY INVESTMENT ACCOUNT TO MY DAUGHTER. irs IS
i TRANSFERRED MY INVESTMENT ACCOUNT TO MY DAUGHTER. irs IS TAXING HER FOR SOME GAINS.i HAVE A GREAT NUMBER OF CAPITAL STOCK LOSSES. … read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
30,566 satisfied customers
I am an owner of a duplex that I live in. My girlfriend will
I am an owner of a duplex that I live in.My girlfriend will be selling a property she uses as a rental. That she lived in four years prior to renting for last ten.I am wondering if I or we can form so… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
Life Esate / Capital Gains question. Single family home
Life Esate / Capital Gains question JA: What are the assets or property for this capital gain? Customer: Single family home JA: Anything else you want the Accountant to know before I connect you? Cust… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
I am 66 yr old. My 40 yr old daughter lives with me. Best
I am 66 yr old. My 40 yr old daughter lives with me. Best way to transfer house to her upon my death or now? Will putting her on the Deed cause a reassessment of my home? Putting her on loan, requires… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,954 satisfied customers
I am an only child and my mom is single - If she were to
I am an only child and my mom is single - If she were to quitclaim deed her house to me, I'm assuming I would take on her cost basis in the house. If that is the case, I fairly confident that her cost… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
30,566 satisfied customers
A person was an artist fro 10 years and over those years he
A person was an artist fro 10 years and over those years he painted a large number of paintings. One year prior to his death he decided to be a professional artist. He filed a Schedule C for that year… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
I have a property that was gifted to me via a QPRT I am the
I have a property that was gifted to me via a QPRT I am the beneficiary I am now using it as a rental For purposes of depreciation do i use the value of the gifted property at the time of the gift or … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,510 satisfied customers
My wife was an owner of her fine art painting business. She
my wife was an owner of her fine art painting business. She owned this businees as sole proprietorship. She was the painter herself and had several expensive paintings of her own that were not sold pr… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,510 satisfied customers
Again, My brother is here now. We estimate the house's
Hi, again, My brother is here now. We estimate the house's current value at $300,000. The Trust lawyer says I give them $160,000 and they transfer title by inheritance. I'll will get back $30,000 as o… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
My wife, and her two siblings, inherited property in Peru.
Hello. My wife, and her two siblings, inherited property in Peru. She is part (1/3) owner of a hotel and a few other properties. The other properties are simply being rented out. The hotel is being ru… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 satisfied customers
I share the same question as below, but I need a more specific
I share the same question as below, but I need a more specific answer, when I give back the citizenship, I need to pay capital gain on all worldwide assets. How is the usufruct calculated? what us cap… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
30,566 satisfied customers
if I buy a property at 12k, sell it a week later at 16k, how
if I buy a property at 12k, sell it a week later at 16k, how do I avoid being taxed on the profit? Must I buy another house with the profit, or can I put that into paying down mortgages or other busin… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
My aunt and I purchased a home last year $600K and both of
My aunt and I purchased a home last year $600K and both of us on the title, but my aunt is who paying the mortgage with the lender. The current mortgage balance is $370K. My aunt down $210K at that ti… read more
Taxtom
Taxtom
Accountant
Bachelor's Degree
1,306 satisfied customers
My mother died March 2006. She left her home to myself and ...
My mother died March 2006. She left her home to myself and 2 brothers. We sold the home. We received a 1099s in the amount of $86000 each. Do we report this on our tax return? Isn't this amount exempt… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,294 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