Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I have a real estate question, and I would like a prompt or
I have a real estate question, and I would like a prompt or immediate answer if possible … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,931 satisfied customers
If you inherit farmland and 3 siblings agree to sell it in
if you inherit farmland and 3 siblings agree to sell it in 2018, will you owe taxes? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Today I have a question about Property Taxes: We are in
Second opinion] Hello and Good Morning! Today I have a question about Property Taxes: We are in process to buy a Mobile Home. Purchase price is $137.500.- Escrow will close on October 24th or 25th. Th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,791 satisfied customers
Capital Gains Taxes. I purchased 80 acres of farmland in
Capital Gains Taxes. I purchased 80 acres of farmland in 1972. In 1999 I built a home on that land. In 2016 I want to sell home and land. A CPA we visited with said we had no Capital gains tax liabili… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
MN Husband and wife own farmland as joint tenants with right
MN Husband and wife own farmland as joint tenants with right of survivorship. Farmland was purchased in 1970. In 1999, husband and wife deed farmland to four children while retaining a joint life esta… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,323 satisfied customers
If property is in an estate given to 4 heirs equally and is
If property is in an estate given to 4 heirs equally and is sold at a gain of $300,000 what taxes are applied in California? The person who died lived in the house continuously for 30 years… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Does the same "step up in basis" rule apply if the property
Does the same "step up in basis" rule apply if the property is not a home/residence but, rather a farm in which the life estate holder retains total control over the property until he dies?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,791 satisfied customers
My grandmothers will provided that my father have a life estate
My grandmother's will provided that my father have a life estate in the family farm in Iowa and his five children with 'remainderman' status. Now 22 years later my father has passed away and farm valu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
Hi Lev, I have a complicated question concerning a life estate. Time
Hi Lev, I have a complicated question concerning a life estate. Time Line: Farmland left to Brothers A and B in a life estate in 1940. FMV in 1940 approx. 10,000. The life estate names the decedents B… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
I am trying to make a decision which is better. Family trust
I am trying to make a decision which is better. Family trust or Life estate. 320 acres farm land, 7 children. Husband has alzhemiers. We have a long-term nursing home insurance plan I want to be the t… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
I have a client whos father left his land/farm to his 3 children
I have a client who's father left his land/farm to his 3 children and their step-mother. The land, home, furnishings and equipment was left to his wife in a life estate. The wife passed in may 2011 an… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
In 1994, Dad gifted farmland to me, his son, while retaining
In 1994, Dad gifted farmland to me, his son, while retaining a "life estate". In other words, I have owned the land but do not have control of it or receive any income from it. When dad dies, will the… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Real Estate costs for Seller; OTHER Then sales comission
On a 700,000.xx home in southern California, about (ball park figure)how much are the Sellers costs other then the sales commission?… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
How should I file to pay the least cap gains & death taxes
I have inherited farm land in upstate NY. It is being taxed as farm land. Our NY atty had the land appraised as if it is subdividable. However, the Town has not approved any subdivision for many reaso… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
What closing costs can I deduct as the seller on my ...
What closing costs can I deduct as the seller on my current year tax return. They ones I have include title insureance, brokers fees, escrow fees, recording fees, warrants, and more,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,931 satisfied customers
My mother recently passed away. Thirteen years ago she ...
My mother recently passed away. Thirteen years ago she signed a quit claim deed over to my brother and I. Which was after our father had passed away. We have sold the house. Our parents built this hou… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
I would like to sell homes that banks have foreclosed ...
I would like to sell homes that banks have foreclosed on as well as homes that towns are tking back for unpaid taxes. How do I do this?… read more
Paul Taliefero
Paul Taliefero
Enrolled Agent
Bachelor Degree
110 satisfied customers
I sold my house in Florida for $560K do I need to file a ...
I sold my house in Florida for $560K do I need to file a 1099S? I profited from this transaction only $218K.… 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