Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I have a small business question. I have a home office. I
I have a small business question. I have a home office. I want to take advantage of any tax deductions I can for my home office and therefore I want to depreciate the portion of my home that is dedica… read more
taxmanrog
taxmanrog
Master's Degree
1,355 satisfied customers
Thank you! I am using Turbo Tax this year - last year I had
Thank you! I am using Turbo Tax this year - last year I had my taxes done by an accountant and they did not fallout the 4562 form to assess the depreciation on my car. They just completed Part 4 on th… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,865 satisfied customers
Can I claim amortization or depletion on a stone quarry? I
Hello Can I claim amortization or depletion on a stone quarry? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,935 satisfied customers
I own a LLC and trying to complete a schedule c. I made an
I own a LLC and trying to complete a schedule c. I made an expansion in my business last year by erecting a building on leased ground instead of working out of a leased facility. Can I claim any of th… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
Owned a home and moved out in 02/01/11 and rented the property.
Owned a home and moved out in 02/01/11 and rented the property. Have included this as a rental property on schedule E for 2011, 12 and 13. On 03/01/13, sold the property at a loss (even with the depre… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
THIS QUESTION IS REGARDING PARTNERSHIP. ON K-1 LINE 13 CODE
THIS QUESTION IS REGARDING PARTNERSHIP. ON K-1 LINE 13 CODE W ( INTEREST EXPENSE ALLOCATED TO DEBT-FINANCED DISTRIBUTIONS). HOW TO TAKE THIS DEDUCTION ON MY PERSONAL TAX… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
Do I have to complete IRS Form 4562 if I am claiming standard
Do I have to complete IRS Form 4562 if I am claiming standard mileage rates for my personal vehicle on Schedule C?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Im a physician set up as a single member LLC. I built a new
I'm a physician set up as a single member LLC. I built a new office building and moved in Feb 1, 2011. This building is owned by a separate single member LLC. I had a cost segregation study done on th… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
This is my first time using Turbo Tax. I am a realtor and
This is my first time using Turbo Tax. I am a realtor and use my car for business. In entering my auto into the depreciation and amortization report, I had difficulty. The program sent me back to that… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,104 satisfied customers
I am a one-man residential contractor. I purchased a $4000
I am a one-man residential contractor. I purchased a $4000 work van in 2010. Where (and how much) do I list the depreciation? Does the $4000 go on Sch. C line 9 as an expense? What goes on Sch. C, lin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
I am a finish carpenter. I purchased a 2008 Cargo Van (GVW
I am a finish carpenter. I purchased a 2008 Cargo Van (GVW over 6000 lbs.) that was placed in service on 11/28/2007 for $23,240.00 (cost/basis for depreciation). I have been depreciating the van on th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
SCH-C. Questions 1. Is the yearly fee for my website I have
SCH-C. Questions: 1. Is the yearly fee for my website I have for my sole proprietor/self employed business deductible? If so where on SCH-C do I list this expense? 2. Also, I pay other websites a year… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
how can I tell if my tax program is depreciating my husbands
how can I tell if my tax program is depreciating my husbands truck twice? It asks about depreciation in the assets and the vehicle. Please help… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hi, I am employed by a company but work full time from an
Hi, I am employed by a company but work full time from an office in my home. I am not an independent contractor but an actual employee. I want to write off a percentage of my home office expenses base… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I own a small busiess, since all my deductions can be deducted
I own a small busiess, since all my deductions can be deducted the first year, can I just use my Schedule C form rather than using the schedule 179 for deductions that does not really apply to me? tha… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am doing a late 2005 tax return.. what line do I place the
I am doing a late 2005 tax return.. what line do I place the 2005 SUV $25,000 section 179 tax deduction and what line do I place the remaining 5 year deprciation. How do I word it on the descript Can … read more
Anne
Anne
Master Tax Preparer
2,361 satisfied customers
I have a tax question about entries on a final K-1 schedule
I have a tax question about entries on a final K-1 schedule and am preparing an amended return for 2008. Where do I place on form 1040 the box 11 c item off the K-1?… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
How and where do I enter depreciation in a gas well ...
How and where do I enter depreciation in a gas well investment? Can it be done in a Schedule C. I found the depletion, but cannot find how to do the depreciation… read more
Jon Andrews
Jon Andrews
CPA
3,038 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

18,935 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