Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
My mother put her house into my sisters name. My sister died
My mother put her house into my sisters name. My sister died and Mom put her widowed son-in-laws name on the deed, with the note that she can live there until her death. She has since moved and they s… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
My daughter-in-law's father died last year. He owned several
My daughter-in-law's father died last year. He owned several houses in town (Boulder, CO). They were in the name of his son, my daughter-in-law's brother. Her father had specified that one house in pa… read more
taxmanrog
taxmanrog
Master's Degree
2,203 satisfied customers
My father-in-law passed away 2 years ago. His son is buying
My father-in-law passed away 2 years ago. His son is buying his dad's house. He is actually buying out three siblings of their share of the house. He got it appraised and split the amount by 4 and he … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,903 satisfied customers
In 2003, my mother-in-law bought a house and put my husbands
In 2003, my mother-in-law bought a house and put my husband's and my brother-in-law's names on the title, rather than her own. In 2011, the house was sold, and my husband recieved 50% of the proceeds.… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,903 satisfied customers
MY WIFES MOTHER PASSED AWAY. MY WIFE AND HER BOTHER WERE PUT
MY WIFES' MOTHER PASSED AWAY. MY WIFE AND HER BOTHER WERE PUT ON HER HOME DEED AS JOINT TEANTS IN 1998. SHE ALSO HAS A DOCUMENT STATING " IT IS NOT MY INTENTION AT THIS TIME TO GIFT ANY INTEREST IN TH… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,903 satisfied customers
How to determine capital gains tax that was gifted?
How do I determine capital gains on a house that was gifted to us and is now a secondary residence?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,903 satisfied customers
I am trying to figure my basis other than cost,on the sale
I am trying to figure my basis other than cost,on the sale of a home.My wifes Mother passed away in 2003.In 2006 my wifes Father put her name on the deed has joint tenants.In 2010 they sold the house.… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
My mother in law is 88 years old and she wants to give her
My mother in law is 88 years old and she wants to give her house to my husband since her one son passed away last year and she doesn't talk to the other. What is the best way to do this without causin… read more
Richard
Richard
Tax Attorney
Doctoral Degree
6,039 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
I recently had my deceased mothers home sold at auction.
I recently had my deceased mother's home sold at auction. I held a survivor's deed with hers and my name on it. Will I have to pay taxes on this and if so what percentage will I pay?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,443 satisfied customers
My family lives in Texas. My 80 year old mother gifted her
My family lives in Texas. My 80 year old mother gifted her home to me and my brother in April 2007. The value was $66930 ($33465 for me). My mother's tax preparer completed a form 709 in 2008. My moth… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
On Feb 6, 1989 my in-laws did a Quick Claim Deed turning the
On Feb 6, 1989 my in-laws did a Quick Claim Deed turning the house ownership over to their five children, with the proviso that they could occupy the house until their death. My father-in-law died Feb… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,443 satisfied customers
My husbands mother did a warranty deed in 1988 to him for the
My husbands mother did a warranty deed in 1988 to him for the family property reserving a Life Estate for herself. She died 1995. My husband sold 4 acres of the property in 2008. Does he owe taxes. We… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
1) Mother, Daughter and Son have purchased a home that ...
1) Mother, Daughter and Son have purchased a home that Mother lives in for $300,000. Mother pays $200,000, Son and Daughter each pays $50,000. The home is titled as Joint tenants with rights of surviv… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
in 1994 I purchased a 3 family home and I sold it in 2007.
in 1994 I purchased a 3 family home and I sold it in 2007. Can I use the "indicated value approach'' given to me by a professional appraiser, for my cost basis in figuring mt capital gain for IRS purp… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
If your home were in a trust and the person named in ...
If your home were in a trust and the person named in trust died and the home were then quit deeded to deceased wife, would there be an inheritance tax due, and the person who quit deeded the property … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
before my Mother died in 2002 she quit claimed her home ...
before my Mother died in 2002 she quit claimed her home over to herself, my brother and I. After her death I filed a death of joint tenant and had her removed. When my brother and I sell the house am … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,443 satisfied customers
This is more of a property question. My mother died ...
This is more of a property question. My mother died and 1993 and there was not a will. The family home was paid off using some of the insurance monies. My dad and four brothers were still living in th… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 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

6,039 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

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

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 satisfied customers

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

< 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