Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
Client sells the home of deceased parent. Prior to death,
quot;For Lev"Client sells the home of deceased parent. Prior to death, parent was mentally incapacitated and client had a POA and medical POA. Other than the house, a bank acct and pension, the deceas… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,647 satisfied customers
Lane, When reporting stock sales for a deceased person. Do
Lane,When reporting stock sales for a deceased person. Do reporting issues arise when splitting sales and adjusting basis between 1040 and 1041?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,035 satisfied customers
What do I have to do to pay capital gains on the sale of an
What do I have to do to pay capital gains on the sale of an estate property when there is no other income?My mother passed away in April 2016. House was vacant until I fixed it and sold it in January … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 satisfied customers
I have a client whose mother deeded her home to her 3
I have a client whose mother deeded her home to her 3 children; therefore, the client's basis is the mother's basis. However, it was for sale for several years before it finally sold. My question is: … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 satisfied customers
Second opinion] My mom just sold my grandfather's house that
Second opinion] My mom just sold my grandfather's house that has been in probate since July 28, 2014 for cash. My grandfather died in 2012 and left her executor of the will. What are her next steps?? … read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
I have a client that bought a home to fix up and sell. No
I have a client that bought a home to fix up and sell. No rent was collected after it was fixed up. There was mortgage interest and Real estate taxes paid in addition to the cost of improvements. The … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 satisfied customers
2015 Situation, A property that has been a rental property
2015 Situation, A property that has been a rental property of the decease (DOD 10/1205) and reported on personal taxes for several year was transfered to it's beneficiary -- Warranty Deed (12/2015). T… read more
taxmanrog
taxmanrog
Master's Degree
1,411 satisfied customers
My mother left me executor of estate The settlement date on
My mother left me executor of estate The settlement date on the sale of her home is 9/30/2015 and 115,000. was deposited in bank. We now need to divide 115,000 five ways. How do I report this sale I w… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
16,035 satisfied customers
I am the executor of my mother's trust and would like to
I am the executor of my mother's trust and would like to understand the tax implications of 593-C withholding cert. (The property to be sold is in CA and I live in MA.)… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,647 satisfied customers
My name is ***** ***** and I have a question regarding
Hi, my name is ***** ***** and I have a question regarding deductions on a final 1041 for an estate. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 satisfied customers
My husband died in 2014 and i am doing s taxes cattle that
My husband died in 2014 and i am doing his taxes for the cattle that was sold in 2014 creating a gain from the dispersal of the herd. He also had 1 home that is in probate and the home and the land wa… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,647 satisfied customers
In follow on to your response, my father died in April 2015,
In follow on to your response, my father died in April 2015, and I sold his house a few days ago. I had to spend $11,240 in remedial work due to deferred maintenance -- new roof, termite control, plum… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 satisfied customers
I am an executor of an estate that consisted of a home and
I am an executor of an estate that consisted of a home and a traditional ira worth 83000 (WITHDRAWN BY END OF 2013)that was used entirely from the time of death in 06/2012 to the time of the sale of t… read more
taxmanrog
taxmanrog
Master's Degree
1,411 satisfied customers
I am preparing a 2009 1041 for an estate. The decedent died
I am preparing a 2009 1041 for an estate. The decedent died Feb. 15, 2009. The tax year will end Jan. 31, 2010. There is only one beneficiary. One of the assets of the estate is a single family home t… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
A Canadian resident owned real property in Florida. He has
A Canadian resident owned real property in Florida. He has died and his estate is administered in Canada. An ancillary estate for the Florida real estate has been opened. When the Florida real estate … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Purchased real estate in 2007 with sister with the intent of
Purchased real estate in 2007 with sister with the intent of fixing up the house and then reselling. Various expenditures during 2007 and 2008 for items such as insurance, utilities, and taxes in addi… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Are costs of maintaining a Decedents residence prior to sale
Are costs of maintaining a Decedent's residence prior to sale (utility bills, real estate taxes, maintenance fees) permitted to be taken as deductions on the Form 1041, Line 15a?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 satisfied customers
my mother passed away in 3/2006 she had her lawyer as ...
my mother passed away in 3/2006 she had her lawyer as excuter we had to pay pa inheritance tax on her home which was sold and my question is the lawyer filed the forms for the tax but he claimed the w… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,921 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