Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I am recently divorced I received land in the divorce but he
I am recently divorced I received land in the divorce but he received home in divorce I need to sell the land to get me a home will I pay capital gains. I have nowhere to live currently in a rv. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,707 satisfied customers
In regards to the new tax bill that was signed, it appears
In regards ***** ***** new tax bill that was signed, it appears the equity loan interest in no longer deductible. Is this the case for rental properties? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,707 satisfied customers
I am retired in Ohio----If my daughter moves in & gives me
I am retired in Ohio----If my daughter moves in & gives me $200,00/mo. for rent how do I claim this? Do I need a special form?--I now file short form … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,950 satisfied customers
I have a tax question. We bought a house in our name parents
I have a tax question. We bought a house in our name for my parents to live in. They pay all direct expenses, the exact amount of the mortgage, taxes, insurance, etc. Since the property is in my name … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I bought some rental property with cash, can I structure the
I bought some rental property with cash, can I structure the loan payments back to my self interest free, till the principle is payed back. I have them under LLC.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Are items won on websites/communities like Yerdle considered
Are items won on websites/communities like Yerdle considered taxable purchases under Ohio State law that would need to be reported on state income returns or would they fall under the garage sale exem… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,633 satisfied customers
My question concerns the tracing of interest expense
My question concerns the tracing of interest expense for the financing of a multifamily property investment that I am preparing to make. I am looking to ensure that all of the interest expense associa… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Hello, I am an Ohio resident that recently discovered the "use
Hello, I am an Ohio resident that recently discovered the "use tax." I am planning on paying the use tax this year, but I am concerned that doing so would just bring attention to myself and cause an a… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I would like to sell a house in Virginia which is rented out
I would like to sell a house in Virginia which is rented out and use the money to buy a house in Texas. If the house in Virginia is sold for a profit is the profit taxable if using the money towards b… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I am in the process of purchasing a second home. I am collecting
I am in the process of purchasing a second home. I am collecting my social security income but also still working. Since my income has risen, I need a write off and have purchased a second home. The p… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a home in Ohio. I also have a rental property in Ohio.
I have a home in Ohio. I also have a rental property in Ohio. I am looking to purchase a second home (vacation) in Southern California. It is in a mobile home community. There is a monthly fee of appr… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
How do I set up a rental on current home where we will rent
How do I set up a rental on current home where we will rent to 3 serparate family members (Parents and an Aunt) which will total to below FMV rent? I would like to depreciate but cannot if not at FMV.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Hello,My parents have offered to purchase a house for me
Hello, My parents have offered to purchase a house for me and my family, which we would "rent" until we are able to sell our condo and either purchase the house from them or file an interfamily transf… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
In regards to taxes; what increase would an new owner of multiple
In regards XXXXX XXXXX; what increase would an new owner of multiple homes expect to pay? What is the increase based on? How does it affect their tax bracket? A little information: getting money from … read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
We are considering placing our 3000 sq ft personal residence
We are considering placing our 3000 sq ft personal residence into a newly formed S Corp that was created to also include sales/expenses from our new service business. This year we began renting the up… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
Friend is thinking of purchasing a vacation/rental property.
Friend is thinking of purchasing a vacation/rental property. To be used a couple of weeks as vacation spot and the rest of the year as a rental property. He is curently paying the Alternative Minimum … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If I refinance and take cashout of rental property and use ...
If I refinance and take cashout of rental property and use it to pay off my primary home, is the new increased interest on the rental tax deductible just like the original interest? Are the expenses o… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
i am renting a house that i actually purchase and put in my ...
i am renting a house that i actually purchase and put in my sister name I paid all taxes and insurance and downpayment on house now its tax time and i want to know who has the right to claim the inter… 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

18,633 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