Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
My son wants to sell his rental house and should have
My son wants to sell his rental house and should have $130,000 cleared after mortgage is paid off Can he apply it to his primary residence with a mortgage of $ 350,00 to pay down the principle, to avo… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,219 satisfied customers
What does this cost? I want to sell an apartment in Chicago
OK. I want to sell an apartment in Chicago that is currently rented out and invest in a property in Manhattan. I am thinking of also selling a small house in Oklahoma. That is currently rented. The issue is I don't know what I would have to do regarding renting the New York apartment or how much time I would have to do it so its scary but would be nice to avoid capitol gains taxes to do the escrow transfer of investment properties. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
I am a married 62 years old man, If I sell my rental
I am a married 62 years old man, If I sell my rental property after 18 years of ownership and make a $ 160,000 profit, do I need to pay capital gain? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,115 satisfied customers
I bought a 2 family house one portion rented and in other
I bought a 2 family house one portion rented and in other portion I was living plus an adjacent vacant lot in 2001 for 800k then spend 350k on renovation. I have also 470k loan on house. I have 500k e… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,115 satisfied customers
If I sell my house in Arizona (rental property) and use the
If I sell my house in Arizona (rental property) and use the proceeds to pay down the loan on my current home in California, are the proceeds taxable?… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I moved from uk to usa nearly 6 years ago on a work visa as
I moved from uk to usa nearly 6 years ago on a work visa as my job transferred me to usa. I just got my greencard. I purchased a leasehold property in uk 16 years ago and have always rented it out, ne… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
I am selling a rental property now and will net around 100k.
I am selling a rental property now and will net around 100k. I am selling my other current residence and will profit around 65-85k. We are then turning around and purchasing a final residence and putt… read more
PDtax
PDtax
Owner
Master's Degree
4,338 satisfied customers
Can I relinquish a 1031 property and pay off its mortgage,
Can I relinquish a 1031 property and pay off its mortgage, then put the remainder of the proceeds into a replacement 1031 property, as long as I never have access to any cash?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
My mother is selling her investment rental property. She hopes
My mother is selling her investment rental property. She hopes to net right around $300k. It is a duplex that she has been renting out for over 10 years. If she were to turn around and purchase a cond… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I need someone who has experience with Estate Taxes/Trust Taxes
I need someone who has experience with Estate Taxes/Trust Taxes and Sale of Residence capital gains taxation. My father is selling his home that he inherited in 1965. I believe it is a part of his tru… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
If I sell a rental real estate property (condo) for a net profit,
If I sell a rental real estate property (condo) for a net profit, then buy another real estate property (single family house) in a few weeks as a 1031 exchange, rent this new property out to somebody … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
Selling 80 acreas land that was inherited. I have had for
Selling 80 acreas land that was inherited. I have had for 15 years. If I sell and use it to buy a home (primary residence) how much taxes would I owe on the land since it is being invested in a home t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
I am selling a condo and will realize a long term gain of approximately
I am selling a condo and will realize a long term gain of approximately 150,000. I file jointly and our combined taxable income this year will be approx 75,000 this year. I am going to reinvest in ano… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
What are the tax implications with a 1031 exchange 2 ...
What are the tax implications with a 1031 exchange: 2 duplexes exchanged for waterfront property. The waterfront property is valued at $359,000. The duplexes are valued at $280,000 x2 = $560,000. $130… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I bought a second house in 1999 for 75,000 in the same town
I bought a second house in 1999 for 75,000 in the same town that I live in.My in laws live in it and pay rent which is less than the mortgage.I don't make anything,but my wife's parents are close and … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hi, My husband is 63 with MS and I am 60. If we sell a ...
Hi, My husband is 63 with MS and I am 60. If we sell a duplex in WA state and use the proceeds to pay off our primary residence in California what kind of tax would we have to pay… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,930 satisfied customers
do I have to pay capital gains tax on property that I ...
do I have to pay capital gains tax on property that I bought and am now selling and if I do what can I do to get around it… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
I sold my primary residence and a rental property at the ...
I sold my primary residence and a rental property at the same time. Realized profits on both. $ 260K on primary residence and $ 50K on rental property. Owned and stayed in primary residence for 6 year… read more
Zhicheng Lai
Zhicheng Lai
Master Degree
426 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