Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
How do I determine the cost basis of a stock That I
How do I determine the cost basis of a stock That I purchased some 26 year ago and allowed the dividends to re-invest I would have 4 different costs for every year for 26 years. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,711 satisfied customers
I purchased shares in a company beginning in 1998 thru 2012
I purchased shares in a company beginning in 1998 thru 2012 and held all shares until sold in 2016. In the interim … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
859 satisfied customers
My new client has purchased 100% ownership of a C Corp.
My new client has purchased 100% ownership of a C Corp. (Heating and A/C Service) Basically he shook hands with the old owner and took over the business. My client agreed to pay the old owner $73,000 … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I cashed out an investment each year they sent me the form
I cashed out an investment for which each year they sent me the form for how much I'd gained that year which I reported on my taxes. Since I did that each year, do I owe taxes on the whole amount when… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
-- I stock I owned (NCT) performed a spin-off to a new stock
Hi-- I stock I owned (NCT) performed a spin-off to a new stock (NRZ) in 2014. I sold both stocks in 2014 and I now have a $8k dividend which was reported from my broker to the IRS. I didn't actually g… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My Mom and I own some joint stock. We need to sell this stock
My Mom and I own some joint stock. We need to sell this stock to help pay for her expenses. Not sure how best to handle this from a tax perspective. Should I give the stock to her so it can be sold on… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
My parents have a A/B trust. My mother died in 1992. In 2011
My parents have a A/B trust. My mother died in 1992. In 2011 my father disbursed my mothers side of the trust to his children. The question I have is associated with the stock that I received. In 2012… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
Does qualified dividends or qualified term= Not taxable unless
Does qualified dividends or qualified term= Not taxable unless it meets a filing status test? ,does a 2 for 1 stock split mean the stock you ALREADY OWN can change to the shares being double and the a… read more
Jesse Handel
Jesse Handel
Tax Preparer and Chemist
Bachelor's Degree
3 satisfied customers
In reporting a stock sale on my annual tax reporting form...if
In reporting a stock sale on my annual tax reporting form...if several purchases of this stock were made over the years...is it proper to state "several" in the date of purchase block on the form or h… read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
We had stock with a company on a DRIP plan. We received a
We had stock with a company on a DRIP plan. We received a check for the stock and added it to our taxable income. We have every year paid taxes on the dividends which were reinvested. Help????… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
HI, my mother is 82 (widow)and retired. Her income is about
HI, my mother is 82 (widow)and retired. Her income is about $15K this year. She plans to sell stock and receive $64k+-. 1. Will she have to pay Capital Gains Tax on the $64K ? or 2. Can she distribute… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
At the suggestion of my stockbroker, I sold most of my stock
At the suggestion of my stockbroker, I sold most of my stock portfolio and bought into 3 mutual fund co's. My Merrill Lynch 08 tax reporting statement shows Gross Proceeds from the transaction that wa… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
Question about calculating cost basis of mutual funds I purchased
Question about calculating cost basis of mutual funds: I purchased about 600 shares for $8,000 ten yrs ago; all dividends and gains were reinvested. Sold all 1808 shares this years ; received app. $19… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My husband is entitled to claim 1 child, per the divorce ...
My husband is entitled to claim 1 child, per the divorce agreement. His ex has filed every year for the past 15 years claiming both children. This year we are going to claim 1 of the children and just… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
how do you figure capitol gains on stock that you have ...
how do you figure capitol gains on stock that you have been reinesting dividens in for 16 years and sold all but the original shares ?… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
I received a settlement from a class action law suite that ...
I received a settlement from a class action law suite that was filed against Met Life due to the deceptive and improper sales practices they were using to sell Life Insurance. We received the the sett… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
I received 52 shares of GM Common stock worth $3848.00 ...
I received 52 shares of GM Common stock worth $3848.00 as part of an inheritance 7/15/1986. I sold the entire amount of(NNN) NNN-NNNNshares on 10/16/2006 for $11,941.53. What is my cost basis?… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
I am selling stock purchased in a company I worked in over ...
I am selling stock purchased in a company I worked in over a multi-year period. During part of that time, the stock purchase was matched with an additional 50% contribution by my employer. How does th… 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