Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My query revolves around what tax liabilities there are for
My query revolves around what tax liabilities there are for the net proceeds of an inherited asset from overseas? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,993 satisfied customers
We have investment property (vacant lot) that we would like
We have investment property (vacant lot) that we would like to be able to write off as a loss against capital gains (sale of stocks), interest and dividend income. We think our transfer options may in… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,794 satisfied customers
I sold a 25 foot by 150 foot piece of land on the edge of my
I sold a 25 foot by 150 foot piece of land on the edge of my property to increase the size of the lot that is next to me. This was done in 2014 and I have lived on this property for over 25 years and … read more
Lev
Lev
Tax Advisor
33,748 satisfied customers
I own a 10-acre property adjacent to my primary home. It has
I own a 10-acre property adjacent to my primary home. It has been used as a rental property. I want to sell the adjacent property in order to pay off the loan on my primary residence. Any way to avoid… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I just sold a vacand land and my profit in cash is $200,000.
I just sold a vacand land and my profit in cash is $200,000. what are my options to reduce the tax I would have to pay?. as far as I can see I would be paying close to 30% of the $200000. I own an imp… read more
Lev
Lev
Tax Advisor
33,748 satisfied customers
My parents own a piece of land overseas that they inherited
My parents own a piece of land overseas that they inherited many years ago. About five years ago they became US permanent residence, do they have to pay taxes if they decided to sell that real estate… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Need some advise on a land contract transaction please. I
Need some advise on a land contract transaction please. I live in Iowa. Sold vacant land in Minnesota on contract in 2001 with a 10 year term. I recieved semi annual payments that were below the amoun… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I bought and sold some vacant property in michigan last year.
I bought and sold some vacant property in michigan last year. I made 35000.00 profit after all was done. I realize I have to pay capital gains on the profit but I also have a tech stock that is worth … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I am going to sell a ranch in Paraguay, S A and have lived
I am going to sell a ranch in Paraguay, S A and have lived on this ranch since 1980. My income has been in the 15% tax bracket and am wondering if I will have to pay capital gains on this property. Wo… read more
Lev
Lev
Tax Advisor
33,748 satisfied customers
I completed a purchase of land in 2004. I sold a home in Colorado
I completed a purchase of land in 2004. I sold a home in Colorado and bought this land using a 1031 exchange. Do I need to hold the land any period of time before selling it? Do I use the land sales p… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My siblings and I sold my late mothers house in N. Y. State.
My siblings and I sold my late mother's house in N. Y. State. It was in all our names. The NY capital gains were paid when it sold. I am paying federal capital gains but do not know if I need also to … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
if i sold a plot of land on street x and bought a house on
if i sold a plot of land on street 'x' and bought a house on street 'y' should I pay taxes on the earnings from land sale… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have a partnership that purchased 240 acres of land with ...
I have a partnership that purchased 240 acres of land with timber in 2004 and planned to sell this asap. I sold the timber at the cost basis this year and and sold 40 acres of the land this year. Do I… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I sold both my primary residence of 7 years, and a separate ...
I sold both my primary residence of 7 years, and a separate but adjacent piece of vacant land in 2006. I realized a gain of $8,000 on the land and a loss of $2,000 on the primary residence. Also later… read more
Paul Taliefero
Paul Taliefero
Enrolled Agent
Bachelor Degree
110 satisfied customers
I sold land overseas and paid taxes in that country for the ...
I sold land overseas and paid taxes in that country for the sale of the land. Do I have to claim the proceeds of the sale as taxes for u.s. filings? If so, Does that mean I get taxed twice? The total … read more
Zhicheng Lai
Zhicheng Lai
Master Degree
426 satisfied customers
Sold property in Bonaire, Netherland Antilles.Had ...
Sold property in Bonaire, Netherland Antilles. Had property over one year Reportable income (excluding profit on land) less than 20,000 What percentage capital gains will I pay… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I am selling an investment property. I am looking for a way ...
I am selling an investment property. I am looking for a way to defer the tax gain (1031,etc) by putting the whole sales price of the property into another investment property, by building on it, that … read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Minimizing or Advoiding Capital Gains Taxes on Invest Prop
I have an investment property that I want to sell. I want to minimize or bypass capital gains taxes. I was told that since we took a job overseas (not military or DA civilian) that it may be reduced. … 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

4,512 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 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