Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
This is a question about tax-differed exchange My sister and
This is a question about tax-differed exchange My sister and I want to do a tax-free exchange into another property. Our interests are held as beneficial interests in a trust with four other hostile s… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,480 satisfied customers
I have a question on 1031 exchange. I own a commercial
I have a question on 1031 exchange. I own a commercial office building in California and paid $545k for it 3 years ago. I am planing to sell it for about 900k and owe approx 340k on the mortgage. I or… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
I am in oklahoma. I recently closed on an investment
I am in oklahoma. I recently closed on an investment property and made money off it. It was a personal investment and I'm trying to avoid capital gains. I have not cashed the check yet, but I do have … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,893 satisfied customers
I purchased an abandoned house in April 2018 along with a
I purchased an abandoned house in April 2018 along with a "partner" Bob for $20K. The plan was that i was going to front all the costs (including the 20K), and in exchange Bob was going to manage all … read more
taxmanrog
taxmanrog
Master's Degree
1,799 satisfied customers
I have a question related to 1031 exchange / trust law
I have a question related to 1031 exchange / trust law regarding (if necessary) a purchase to be made in Hawaii, and a trust established in California. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,893 satisfied customers
L have a question regarding a rental property i want to
l have a question regarding a rental property i want to sell … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,274 satisfied customers
I recently sold a property and did a 1031 exchange and purchased
I recently sold a property and did a 1031 exchange and purchased another property. We had some major business changes and we are needing to sell the property that we just purchased. I spoke with a 103… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,875 satisfied customers
Hello again, Quick question. Our rental property has sold
Hello again, Quick question. Our rental property has sold and we have assigned the proceeds to the exchange company. We are looking at a 'like' property and are prepared to make an offer. 1) If we can… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,620 satisfied customers
Regarding doing a 1031 exchange in Ca. We have a property in
Regarding doing a 1031 exchange in Ca. We have a property in Ca that we would like to move over to a property in NV that is closing escrow tomorrow. The propery is Ca is closing escrow in 45 days.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
I am about to sign a contract to sell my house, which I have
I am about to sign a contract to sell my house, which I have owned for about 4 years, and which qualifies for Section 121 exclusion of gain. As part of the deal, the buyer wants to buy a parcel of lan… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
My father in law is selling an investment property in Hawaii
My father in law is selling an investment property in Hawaii for $1,150,000. He wants to use a 1031 exchange and purchase our house in Walnut Creek. I'm guessing the fair market value on our house is … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If I purchased land two years ago for 35K and then sold it
If I purchased land two years ago for 35K and then sold it this year for 37K, but purchase more land with a house on it for 95K this year also, and put 9.5K down do I owe any taxes on the property tha… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
I own a rental property that we would just like to sell, we ...
I own a rental property that we would just like to sell, we have put $30,000 in materials in the home and did that by taking out a home equity on our home. We bought the home in 9/07 so we have owned … read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
I have a home that I have converted to commercial ...
I have a home that I have converted to commercial property. The original loan is a standard non-commercial loan. I am interested in taking out a home equity loan for use outside of the property. I'm t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
We have 2.3 acres of raw land purchase in 1995 for $15,000 ...
We have 2.3 acres of raw land purchase in 1995 for $15,000 plus interest on the loan, that we want to sale now for $80,000. Our questions are: what is the capital gain tax for this property and at wha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
I bought 7 acres of land in 2002 and then used the land as ...
I bought 7 acres of land in 2002 and then used the land as security to buy a single wide mobile home with no money down. I had the mobile home put on a rented lot, hoping to have the money someday to … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
I purchased a property on a 1031 exchange in 2002.
I purchased a property on a 1031 exchange in 2002. Purchase price was 562,000. My costs (initial $ in $189,184.00) plus 45,000. expenses. Plan to sell it next month for $950,000If I sell it and then p… read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
my husband and I are selling our primary house to my ...
my husband and I are selling our primary house to my brother inlaw & uncle. We are keeping a share of 8%. My Brother inlaw is concerned about capital gains tax. They (my brother inlaw & uncle) will be… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

21,875 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

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

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< 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