Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My father in law who is a citizen of india wants to invest
Hello. My father in law who is a citizen of india wants to invest close to million with some real estate properties like rental properties or franchise hotel or commercial property in USA .The nature … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a question regarding 1099 reporting. I am a Real
Hello Pearl. I have a question regarding 1099 reporting. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,993 satisfied customers
Is the house or taxes deductible for him. How does it affect
Is the house or taxes deductible for him. How does it affect his taxes. How can the house be in both our names, without making me an equal partner.… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
206 satisfied customers
I am looking for an answer from a CPA who specializes in
I am looking for an answer from a CPA who specializes in real esate. I qualify as a real estate professional, Sec. 469(c)(7)(B) I have income from real-state profession form-1099 which is shown in Sch… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Does he pay less taxes if he sell the house as a foreigner
Does he pay less taxes if he sell the house as a foreigner or if he comes here to stay in use for 183 days and sell it ? Which way he will pay less taxes and how much less? Are there no state taxes or… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
717 satisfied customers
I have a client who is purchases houses with different
I have a client who is purchases houses with different partners, fix them up and turn around and sell within a year or so. Lately I have told them to have one LLC for each project (because each projec… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
Im being audited for my rental house which I own 100 % and
im being audited for my rental house which I own 100 % and manage all the repairs and the leasing of the house they are saying it is passive but im reading that if you do all repairs and handle the re… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a couple of questions about renting a house to my
Hi, I have a couple of questions about renting a house to my parents: I am currently renting an apartment but I would like to buy a house and rent it to my parents. Here are my questions. 1. Assuming … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Federal real estate tax question: I have rental properties
Federal real estate tax question: I have rental properties that I am actively remodeling to sell or possibly rent out. Is this considered a passive or nonpassive activity? I am not a real estate profe… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am looking to buy a vacation rental property. I would like
I am looking to buy a vacation rental property. I would like to buy this property using the most tax advantageous method possible, as my company has a very short term bubble in income that will end wi… read more
Expert
Expert
8 satisfied customers
, we are planning on buying a house in the US and will rent
Hi, we are planning on buying a house in the US and will rent it out. I would like to find out how much we will have to pay in taxes from the rental income?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
This is a federal income tax question. My client is a real
This is a federal income tax question. My client is a real estate agent in MN. He earned a commission on a house that was purchased by his daughter. He ended up giving 80% of the commission back to hi… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
can I set up trusts with an Irish bank that is private? do
can I set up trusts with an Irish bank that is private? do I have to pay irish taxes on my passive income? Is buying a house fairly easy?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Can I sell 50% of my rental property an use that cash in a
Can I sell 50% of my rental property an use that cash in a 1031 exchange to buy another rental property?… read more
Zhannaxena
Zhannaxena
42 satisfied customers
i bought a house from someone as an investment , subject to
i bought a house from someone as an investment , subject to his morgatge on that house and another morgatge that he has on a diffrent house, i want to pay these morgatges from the rental income of thi… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If I am a non citizen (resident of canada) and i buy a house
If I am a non citizen (resident of canada) and i buy a house to "flip" and sell it in 6 months and make, lets say a $30,000 profit, will I be taxed as ordinary income, and if so what rate is that, is … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Im buying a house and want to rent it out, but i want to live
I'm buying a house and want to rent it out, but i want to live there too. I would be gone 3 to 4 months of the year working in another state. I want to rent it out year around. Is this rental property… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My dad passed away 3/06 and left his houses to me in his ...
My dad passed away 3/06 and left his houses to me in his will. His lawyer had the houses put into my name for the property taxes in 10/07. He had a bad property manager on the house in GA (he had live… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 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