Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I am looking at selling my house in California. I've lived
I am looking at selling my house in California. I've lived in it for 4.5 years. I want to know if I can avoid capital gains tax and buying a live aboard boat. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,172 satisfied customers
I bought a primary home in Tucson, AZ in November of 2011.
I bought a primary home in Tucson, AZ in November of 2011. My company closed the local office and transferred me to Dallas, TX. I rented out my home since my transfer in July 2012. Now my job is trans… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
I own second house then rental years, I want to sell this
Hi, I own second house for 25yrs then rental for three years, I want to sell this property and buy new second house other state. Do I need sale as rental property or second home property. I purchased … read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
I moved overseas 3 years ago. I leased my texas home out at
I moved overseas 3 years ago. I leased my texas home out at that time and it has been a lease property till now. we are headed back to the states soon and plan to move back into that property for a sh… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
Hi, I have some capital gains to pay on a house sale. This
Hi, I have some capital gains to pay on a house sale. This was my home before i met my husband and was rented for a while. the reason for the sale was to make changes to our living arrangements (to ge… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
In 1996, my parents bought us (wife and 3 kids) a house in
In 1996, my parents bought us (wife and 3 kids) a house in California. The title and mortgage is in their name and we pay them every month. They have never lived here. The house is considered our hous… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife and I plan to sell our principal residence that we
My wife and I plan to sell our principal residence that we have lived in for the past 10 years. If we buy a new residence with most of the proceeds from our current residence are we liable for any cap… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
My husband and I bought our first home in December of 2004.
My husband and I bought our first home in December of 2004. In August of 2006 we bought our second home and kept our first as a rental property. We are getting ready to sell the first home. Will we ha… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
We are retired having lived in London, England ...
We are retired having lived in London, England for the past 33 years and have owned a house there for the past 30 years. Because of the downturn in the market there we have decided to rent the propert… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I plan to sell my condo next year but by the time I ...
I plan to sell my condo next year but by the time I sell it I will have not lived in it for the last 3 years + 2 months. I did live it in for 3 years before that. Given that I''ll be a few months over… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
do I have to pay capital gains tax on property that I ...
do I have to pay capital gains tax on property that I bought and am now selling and if I do what can I do to get around it… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
We have lived in our house for over 2 years. We plan to ...
We have lived in our house for over 2 years. We plan to buy a house and rent it out while we try to sell the house we live in. Once we sell our 1st house we will refinance the rental house and apply t… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Capital Gains on Previous Rental Property Questioin
Due to a pending divorce, I have been living my house which was previously a rental for 17 months now. I want to sell it and to relocate to another area of my city. Will I be subject to capital gains … read more
GARY ELLIS
GARY ELLIS
Tax professional
Bachelor Degree
74 satisfied customers
we have lived in our house for 5 yrs now and are planning ...
we have lived in our house for 5 yrs now and are planning on selling it and don't plan on buying another house for a couple of years, will we have to pay capital gains… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
I live in Phoenix, Az and am confused about the ...
I live in Phoenix, Az and am confused about the capital gains tax on profit made on selling a home. I have heard that you must be in the home for 2 years even if you are investing directly into a new … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
we live in our primary home now, we have a rental property, ...
we live in our primary home now, we have a rental property, we want to sell, take all the money fromthat sell and buy another home, also sell the primary home. Will we have to pay capital gain tax ? w… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
My wife and I have a home multi-faily home which we now ...
My wife and I have a home multi-faily home which we now rent. We lived in the house at least two years in the past five years. if we sell the home before the five year period is over would we still qu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
Used Rental to pay off Primary Home..Can I avoid C.G.Tax
I owned 2 one family homes...One I rented...the other I lived in with my Wife. We sold the rental home and intended to buy a more expensive (than two homes combined) 2 Family home....figuring that we … read more
Jon Andrews
Jon Andrews
CPA
1,498 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