Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I am self employed. S corp. I use about 300 square feet for
I am self employed. S corp. I use about 300 square feet for a home office Weather is getting below freezing at night, and I need to prevent my product (water based epoxies) from freezing. I am storing… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,066 satisfied customers
Trying to figure out the correct way to record roommates
Trying to figure out the correct way to record roommates (all family) within my primary residence where we provide all utilities, internet and at least 5 meals a week. H&R Block said the food cost cou… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,066 satisfied customers
I charge rent to my my two sons who are staying with me. I
I charge rent to my my two sons who are staying with me. I realize I have to pay taxes on this income. But besides the regular deductions of depreciation, percentage of utilities, internet, etc how do… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,022 satisfied customers
I have a tax question about the home office deduction. I own
I have a tax question about the home office deduction … read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,178 satisfied customers
Need to know how to figure tax deduction on 24x32 garage
Need to know how to figure tax deduction on 24x32 garage used exclusively for autobody repair/ detailing shop on same property as my home… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,022 satisfied customers
After my mom died and there was no longer sharing monthly
After my mom died and there was no longer sharing monthly expenses, I rented out the downstairs of my townhouse to meet expenses. Do I have to claim her as income? How is this different from sharing a… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,930 satisfied customers
We are a sole proprietor tree service. We use part of our
We are a sole proprietor tree service. We use part of our barn for a saw shop and lots of our land is occupied with piles and stacks of wood for sale, as well as brush waiting to be burned. We also ha… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have an online E Commerce business. My boyfriend who lives
I have an online E Commerce business. My boyfriend who lives in my home also has an online E Commerce business. Two separate business's. We file separately. I am the only one who specifically use spac… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I have a few roommates in my house where I live. Rather than
I have a few roommates in my house where I live. Rather than calculating spaces occupied by them, depreciating that much portion of the house, deducting associated utility usage cost, If I just figure… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,022 satisfied customers
If you have a 3 family home which is partially rented and
If you have a 3 family home which is partially rented and partially your residence and you have lived there the last 10 years, do you get full $500k exclusion as a married couple when sold or does it … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hi, Lev. Im finally doing the 2012s and I have another question.
Hi, Lev. I'm finally doing the 2012s and I have another question. I know you said a property listed on on schedule need not be owned by the one declaring income. As I mentioned, I am renting my apartm… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
Home Business Space Rental Deduction - I am a sole proprietor/contractor
Home Business Space Rental Deduction - I am a sole proprietor/contractor and my wife works a job. We expect a 6 figure gross income in 2013. I recently sold my home so now I have no deduction for mort… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
Were looking to purchase a home with a rental unit in the
We're looking to purchase a home with a rental unit in the basement. How do we work out the percentage of expenses to allocate? Is it based on number of bedrooms (2 out of 7 = 28%) or number of rooms … read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
5,193 satisfied customers
Our detached garage has an apartment over it that we are renting
Our detached garage has an apartment over it that we are renting out. Since the apartment is included in the total value of our property for calculation of our real estate taxes, how do we properly de… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I purchased a home in 2009 for $119,000 and was eligible to
I purchased a home in 2009 for $119,000 and was eligible to receive the 1st time buyer tax credit of 10% of the value of the home, up to $8000. I purchased a duplex and I am not sure how much of a cre… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I do consulting, using my home as my office. I use
I do consulting, using my home as my office. I use 200 square feet out of 3000 square feet in my house - in other words, 1/15th of our living space. This total house area does not include the basement… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
We live in the parsonage of the church my husband ...
We live in the parsonage of the church my husband works for. We must live here as it is next door to the church and he has to have 24 hour access to the church. Is the rent we pay of $1500 per month d… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
how do you calculate mortgage interest deduction ...
how do you calculate mortgage interest deduction on the rental of a two family home if you live in one apartment and rent the other… 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

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