Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
Lane, I have a tax client that has purchased a 2nd home
Hi Lane,I have a tax client that has purchased a 2nd home (Personal) out in AZ with his Daughter. I believe I can deduct Appraisal fees, Title Insurance, Recording Fee & Surveys. Problem is I don't re… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,907 satisfied customers
Had similar issue with Beta Property Holdings Inc. from Las
had similar issue with Beta Property Holdings Inc. from Las Vegas. Already paid ~$5,000 and now am being asked to pay additional $12,000 unexpected Mexico tax which will be reimbursed / added to escro… read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
2,211 satisfied customers
I have some specific questions about the rental property
I have some specific questions about the rental property section of my taxes only. It's my first time with a rental property and I would like to ask a few specific questions to confirm my understandin… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
9,340 satisfied customers
I am preparing my 2020 taxes, and I have a question about a
Second opinion] Hello, my name is***** am preparing my 2020 taxes, and I have a question about a rental property I just sold in 2021. I will not be doing the tax paperwork for this until next year, bu… read more
Marcia Mitrano
Marcia Mitrano
MBA
132 satisfied customers
Lane, I am working on a 1041. A house was sold shortly after
Hi Lane,I am working on a 1041. A house was sold shortly after death. To calculate the adjusted basis I know I would start with the sales price of the property and add closing costs. Is there any cost… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,907 satisfied customers
I am working on a 1041 and I am confused on how to handle
I am working on a 1041 and I am confused on how to handle selling expenses of a house sold after death by the estate. It was sold shortly after death so there would have be no appreciation. Below is t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
24,669 satisfied customers
I want to pay a one time fee and need a Real Estate
I want to pay a one time fee and need a Real Estate accountant/ tax professional familiar with calculating tax when selling an investment property that was purchased through a1031 exchange. … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
3,489 satisfied customers
I sold my rental property for 80,000 i had a mortgage
i sold my rental property for 80,000 i had a mortgage balance of 67,973.. i purchased the home for 20,000. where do i put my mortgage balance on my taxex … read more
Mr. Tax
Mr. Tax
CPA
Master's of Science
1,010 satisfied customers
I own 1/2 of a house with my brother. When we inherited
I own 1/2 of a house with my brother. When we inherited there was still a mortgage of 247,516. My brother moved in an refinanced at 310,000 and took 62,483 cash to pay off his own personal debt. The h… read more
Lev
Lev
44,630 satisfied customers
Deceased Grandma's Will/Trust atty states, I, as Trustee,
Deceased Grandma's Will/Trust atty states, I, as Trustee, can distribute the 1/3 shares to the 3 beneficiaries after the home's Estate Sale completes and the sale numbers are in to be added to the fin… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,907 satisfied customers
I'm in the process of selling the house I co-own with a
I'm in the process of selling the house I co-own with a friend. The mortage was solely under my name and there are liens on the house for my credit card debt. The house is now on escrow and I need to … read more
Barbara
Barbara
Enrolled Agent, Paralegal
24,669 satisfied customers
I am planning to subdivide the property where my residence
I am planning to subdivide the property where my residence exists. This will create a building lot that I intend to sell. What are the tax ramifications? Will my original cost basis change on the rema… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,907 satisfied customers
I'm selling a house to avoid foreclosure as I secured a loan
I'm selling a house to avoid foreclosure as I secured a loan through a bank (3rd mortgage) and they are pushing for sale. They have agreed to take the income from the sale of $55,000 and let me off th… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
9,340 satisfied customers
I live in California, but own a rental property oin
Good morning I live in California, but own a rental property oin Maryland. I am now looking to sell it. what can I expect with Federal Tax laws and CA tax laws? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
3,112 satisfied customers
I am a Senior Account for a Commercial Real Estate Property
Hello. I am a Senior Account for a Commercial Real Estate Property Management Company. When your taxes and insurance are escrowed, do you also accrue the monthly expense? (I am almost certain this wou… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,907 satisfied customers
I moved into a new home in October of 2010. They pro rated
I moved into a new home in October of 2010. They pro rated me for property tax putting me at roughly $320.00. An entire year passes and my full tax amount was $2550.00 For some reason the bank didn't … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,230 satisfied customers
Taxtom, I asked you last week about my dads $5 million home
Taxtom, I asked you last week about my dad's $5 million home sale. I am trying to get him ready for accountant and he is quite elderly. How is the mortgage handled? I presume since mortgage interest w… read more
Taxtom
Taxtom
Accountant
Bachelor's Degree
1,306 satisfied customers
Im in the market as a first time home buyer. Ive been pre-approved
I'm in the market as a first time home buyer. I've been pre-approved for 120000. What are the expenses I can expect and how much am I going to be paying each month. Thanks! Scott… read more
Lev
Lev
44,630 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

2,317 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