Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I purchased a stock on December 31, 2014, which I sold for a
I purchased a stock on December 31, 2014, which I sold for a long term capital loss on July 12 2016. I never reported it on my tax return for 2016 or 2017.Can I still claim this long term capital loss… read more
Lev
Lev
Tax Advisor
34,015 satisfied customers
How are stocks and bonds taxed? Can losses be applied to
How are stocks and bonds taxed? Can losses be applied to ordinary income or rental income?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,972 satisfied customers
For tax year 2015, I had a foreclosure on rental property
For tax year 2015, I had a foreclosure on rental property with a loss of $120,546 that I reported on form 4797. I received a 2016 1099-C of $220,000 of Cancellation of Debt Income for the same propert… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,972 satisfied customers
I sold oil royalty rights in 2016 that I inherited from my
I sold oil royalty rights in 2016 that I inherited from my mother's death in 2015. How would that be treated for tax purposes? … read more
Lev
Lev
Tax Advisor
34,015 satisfied customers
I had capitol gains losses in 2005 which I claimed $3000,
I had capitol gains losses in 2005 which I claimed $3000, the maximum allowed. That was the last year I filed. For 2016 I am filing, can I continue to take the rest of the capitol loss from 2005 at th… read more
Lev
Lev
Tax Advisor
34,015 satisfied customers
Im trying to figure out why i don't have capital loss
im trying to figure out why i don't have capital loss carryover for california but have had capital loss carryover on my federal return for several years… read more
Lev
Lev
Tax Advisor
34,015 satisfied customers
My wife and I are retired senior citizens and I am using the
My wife and I are retired senior citizens and I am using the HR Block Tax act to prepare the 2014 Fed Tax Return. We have income of $110k which is composed of $42k social security, $28k of oil/gas roy… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,106 satisfied customers
, I am an individual with a huge amount of investment losses
Hi, I am an individual with a huge amount of investment losses that i am carrying forward every year (about $300,000). But i have no job and zero income. Therefore no write-off's help me out. My quest… read more
Lev
Lev
Tax Advisor
34,015 satisfied customers
If i had a $50k short term capital loss (stock) in 2009 and
If i had a $50k short term capital loss (stock) in 2009 and a $100k short term capital gain in 2011, can I use use the entire $50k to offset the gain in 2011 tax? or am I limited to only $3k? What if … read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
924 satisfied customers
On 07-03-2003, my cousin - Coeta Fern Howell - transferred
On 07-03-2003, my cousin - Coeta Fern Howell - transferred the ownership of her stock, which is being handled by Scottrade, to Coeta Fern Howell and V. XXXXX XXXXXebman as Joint Tenants with the right… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I am a co-owner of some property. The purchase price back in 2007 was 725,000. It was rece
I am a co-owner of some property. The purchase price back in 2007 was 725,000. It was recently sold for 405,000 for a loss of (320,000). I'm selling quite a bit of stock this year and will have some s… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
Under the present laws what is the maximum # XXXXX years long
Under the present laws what is the maximum # XXXXX years long term capital losses can be carried over ?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I became a partner in an s corporation in July of 2010. The
I became a partner in an s corporation in July of 2010. The partnership is not working out and I may have to sell my shares at a $23,000 loss. Will this have any tax advantage?… read more
BK-CPA
BK-CPA
Bachelor's Degree
972 satisfied customers
If I have a $100,000 long term loss on real estate can I deduct the 1st $50,000
This happened to me once before about 25 years ago, wherein I could write off the first $50,000 of long term loss against ordinary income and have a carry forward to use at the rate of $3000 per year … read more
Lev
Lev
Tax Advisor
34,015 satisfied customers
I have a question regarding capital gains and loss carry-forward.
I have a question regarding capital gains and loss carry-forward. For 2008 I expect to realize net long term capital gains. I also expect net short tem capital losses that will exceed my net long term… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
Is there a loss limit with a personal 1040 return I would
Is there a loss limit with a personal 1040 return? I would like to sell me losers but fear I would realize only a limited benefit.… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have a tax question regarding ESPP transactions. I know ...
I have a tax question regarding ESPP transactions. I know that a disqualified dispensation may result in short-term capital gains. Can such gains be used to offset stock investment losses from previou… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
I understand that one cannot have more than $3000 in ...
I understand that one cannot have more than $3000 in stock capital losses for a calendar year. As I prepare for 2007, am I only allowed to carry a $3000 loss from a stock loss from a few years ago, or… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 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