Tax

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

Related Tax Questions
I also bought a car for 1500 what are the taxes if any on
I also bought a car for 1500 what are the taxes if any on that? … read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
546 satisfied customers
This is a tax question regarding real estate: My mother is
Hi, This is a tax question regarding real estate: My mother is elderly and I am her sole heir. She bought her house outright in California 11 years ago for $300,000. The house is currently valued arou… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,966 satisfied customers
You mentioned earlier that a technique for minimizing estate
You mentioned earlier that a technique for minimizing estate taxes would be to distribute funds taxable to the beneficiaries (and deductible to the Estate), who then could lend money back to the Estat… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,966 satisfied customers
My sister passed away in Oct 2017. I was over her estate. I
My sister passed away in Oct 2017. I was over her estate. I paid off the rest of her loan balance on her home with the proceeds of the sale, and I also paid off her daughter's condo as well. Her daugh… read more
Rick
Rick
MBA
935 satisfied customers
My mom owns her home in southern Ca. for over 30 years. She
My mom owns her home in southern Ca. for over 30 years. She is recently moved into a nursing home. She has a reverse mortgage and owes about $240,000. The home value is about $500,000. It is in a living trust. If she gives it to me and I take out a mortgage to repay the reverse mortgage money due, how will that effect property taxes? Is there a way to keep them at her low rate? How does it effect my income taxes if I plan to keep it as a second home and do not sell it? Is there gift tax or capital gains? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,867 satisfied customers
My Mother passed away and her house was part of a family
My Mother passed away and her house was part of a family trust with me as trustee. If I sell the house without actually living in it for two years, what are my tax obligations from the proceeds? … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,937 satisfied customers
My 93 year old mother wants to get a reverse mortgage. My 68
My 93 year old mother wants to get a reverse mortgage. My 68 year old sister lives with Mom, and wants to remain in the house after Mom passes. Does sister have to be on the title of the house to be o… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My Mother passed away this year and I was named the personal
My Mother passed away this year and I was named the personal representative. She left some assets (Savings Bonds valued at $800 and Stocks valued at $3,000) and a house with a reverse mortgage (house … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,937 satisfied customers
When my mother died she was receiving monthly payments from
When my mother died she was receiving monthly payments from an owner financed loan on the sale of her old townhouse. Her estate inherited the loan which has about 3 years left to payoff. How is this t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,966 satisfied customers
A MOTHER LENDS HER DAUGHTER $500,000 TO PURCHASE A SINGLE FAMILY
A MOTHER LENDS HER DAUGHTER $500,000 TO PURCHASE A SINGLE FAMILY RESIDENCE, FOR ALL CASH, THAT WILL BE THE DAUGHTER'S PRINCIPAL RESIDENCE (UNSECURED LOAN). THE MARKET IS VERY HOT AND SELLERS ARE GETTI… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,263 satisfied customers
I need an opinion on this situation. I have a client, Mary,
I need an opinion on this situation. I have a client, Mary, who took out a mortgage for her step-daughter, Jane, for a home that Jane would rent out and she promised to pay all mortgage payments, taxe… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
This is a follow up to my previous question. My mother is
This is a follow up to my previous question. My mother is now in a nursing home and my wife and I are helping with her support. If I added my wife to the joint tenancy I now have with my mother, would… read more
socrateaser
socrateaser
1,509 satisfied customers
I am the beneficiary of a family trust set up with my mothers
I am the beneficiary of a family trust set up with my mother's assets, which sets out administration of the trust both during her life and death. Mom died only a month after the trust was set up, and … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wifes brother-in-law passed away on March 1, 2010 after
My wife's brother-in-law passed away on March 1, 2010 after a very long illness leaving his with no source of income other than a very small amount from social security. She is not able to make the mo… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,242 satisfied customers
Can you deduct the deferred mortgage interest assessed that
Can you deduct the deferred mortgage interest assessed that is added to the principal balance of your home loan?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,966 satisfied customers
My mother is 78, she is selling her house, (Enfield, CT) and
My mother is 78, she is selling her house, (Enfield, CT) and has already moved to an elderly rental apartment in Middletown, CT. My father passed away in 2004, this is the first home she/them every ow… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My mother signed her house over to me and my two siblings.
My mother signed her house over to me and my two siblings. We were to get the house upon her death. Recently, my mother moved in with my sister and my brother moved into the house. He had it appraised… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
My Father passed away in 2002. My mother is still alive ...
My Father passed away in 2002. My mother is still alive and now is the sole owner of a 24 unit building. In 1991 they sold a 20 unit and bought the 24 unit in order not to pay the capital gains tax. S… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,966 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:

Robin D.

Robin D.

Senior Accountant

17,620 satisfied customers

15 years as a Senior Accountant and Divisional Leader at H&R Block

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.

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