Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
My sister and I own 50% of a property that we inherited upon
My sister and I own 50% of a property that we inherited upon his death. The property can't be sold until my step-mother passes away or can no longer live in the house. When our basis determined upon i… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,374 satisfied customers
Three of us own our fathers home since all assets were
Three of us own our fathers home since all assets were transferred to us 10 or more years ago. I am the oldest child and have full POA, Health Care Proxy etc. Our Dad is now living in an assisted livi… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
My sister and I had to put my 90+ yr old mom in a nursing
My sister and I had to put my 90+ yr old mom in a nursing home last year. Ten years ago, after my Dad's death we worked with an estate lawyer and created life trust on the house and it was placed in m… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,341 satisfied customers
My mom had terminal cancer. My dad was already deceased.
My mom had terminal cancer. My dad was already deceased. Mom added me to her house title by quick deed (paid $1). Mom moved to a hospice and passed away. We just sold her house for $76,500. She owes a… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
My mom is selling her house worth app $600.000. the house
My mom is selling her house worth app $600.000. the house is paid for; she wants to give half of the proceeds to myself, and half to my sister as part of our inheritance. She wants to reinvest the sal… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
Hi, We live in Northern Califormia, and are getting ready
Hi, We live in Northern Califormia, and are getting ready to sell my in-laws home. Last year, after Mom died, we transferred the title from Dad's name into his four sons' names, so that the state of C… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
My Mom died in 2002 leaving a trust to my Dad, who had a separate
My Mom died in 2002 leaving a trust to my Dad, who had a separate trust. My Dad died in 2011. A NEW after death trust account was created or my Dad and his old trust and Mom's trust assets were journa… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
I am the trustee for my parents revocable trust...
I am the trustee for my parent's revocable trust. Dad died in 2003, and mom in 2010. By the terms of the will, the value of the house was to be divided between my two brothers and my one sister accord… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
MY MOTHER PASSED AWOY IN JULY THIS YEAR. SHE HAD A LIVING TRUST
MY MOTHER PASSED AWOY IN JULY THIS YEAR. SHE HAD A LIVING TRUST AND I AM THE SECCESSOR TRUSTEE. I SOLD HER HOUSE WHICH SHE AND HER HUSBAND BOUGHT IN 1953 FOR $15,OOO. MY DAD DIED IN 1994 AND THEN MOM … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
My brother, sister and I inherited a house located in NY left
My brother, sister and I inherited a house located in NY left by my Mom intestate. The house has been sold for $236,000 cash. Minus a second mortgage of $58,000 on the house would leaves $178000.00 to… read more
Jacy
Jacy
Bachelor's Degree
567 satisfied customers
REAL ESTATE QUESTION When our Dad died in 1986, my sisters
REAL ESTATE QUESTION: When our Dad died in 1986, my sister's name was added to the deed of our Mom's house in order to avoid probate. We have just sold the house for $290K, and we understand that capi… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
capital gains tax question We moved into our family home
capital gains tax question: We moved into our family home in 1957. Our dad died in 1986, and our Mom added my sister's name to the deed. There are four (4) siblings and nothing is owing on the house. … read more
Karla
Karla
Master's Degree
123 satisfied customers
How to figure a capital gain or loss from the sail of a house
How to figure a capital gain or loss from the sail of a house owned by my mother. My name is XXXXX XXXXX deed as owner with my mother having life tenancy. She dies May 1 2009. What do I need to do.… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
Five years ago my sister convinced my mother to take ...
Five years ago my sister convinced my mother to take her home out of her trust and gift it over to her. My mother is still alive, she's 88 and lives in the house with my disabled brother who is on SSD… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
Will the state take the house, if not, how are the taxes decided
My parents put their home in mine and my sisters name in 2000. My mom just died and my dad is going to a nursing home. Are we safe in being able to keep the house? If we want to sell it and split it e… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
My parents kept a life estate in their home of many years ...
My parents kept a life estate in their home of many years and sold remainder interests to my sister and I for $1. My mother passed away. Dad went into a nursing home and the property was sold to my si… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
my mother died leaving her home in a living trust. The ...
my mother died leaving her home in a living trust. The home value is about $500,000.00 .This is all of her estate. I live in California and will be selling the home soon. Will my 2 brothers and I have… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,903 satisfied customers
how do you figure capital gains on real estate sales in CA
mom just sold house for 535,000.In 1952 she and dad bought it new for 11,500. He died in 1991. the value of the house in 1991 was 260,000. I went to a well known cpa and he worked up the numbers and s… read more
Jon Andrews
Jon Andrews
CPA
3,038 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

17,888 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