Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I literally have just one question about filing my taxes.
I literally have just one question about filing my taxes. How does it work? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Having my taxes done and question came up ask me did I pay
Hi having my taxes done and question came up ask me did I pay my 1997 mortgage point . … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,789 satisfied customers
Purchased land last year with loan secured by the land.
Purchased land last year with loan secured by the land. Started construction on a new home soon after purchase. This home will be our primary residence once completed. The interest on the land is dedu… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I would like for someone to look over a HUD Final Statement
Attachment: 2014-10-12_021959_document-_7.pdf I would like for someone to look over a HUD Final Statement and let me know which parts of the Statement is tax deductible . How would i be able to upload… read more
Anne
Anne
Master Tax Preparer
2,361 satisfied customers
I sold a rental condo in 2013 for 109K. The condo cost 215K
I sold a rental condo in 2013 for 109K. The condo cost 215K in 2007. All depreciation was straight line. I received a 1099 C for cancelled debt for $63K on the sale in 2013. Am I correct that the 1099… read more
Tax.appeal.168
Tax.appeal.168
Principal
4,871 satisfied customers
I live in MN. I bought a house in April 2013 using FHA. I
I live in MN. I bought a house in April 2013 using FHA. I was charged 3,048. upfront for FHA mortgage insurance and I also pay it monthly to my mortgage company. So far this year that amounts to 1709.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Are capital gains and depreciation recovery prorated over the
Are capital gains and depreciation recovery prorated over the life of an installment sale (contract for deed)?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,570 satisfied customers
I am the owner of a 4 unit investment property which we just
I am the owner of a 4 unit investment property which we just purchased. I have 2 tax questions I would love to understand better. 1. What of my closing costs are tax deductible? I know the points asso… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,570 satisfied customers
Tax return: Mortgage points paid at closing to acquire an investment
Tax return: Mortgage points paid at closing to acquire an investment property What do I do with the mortgage points I paid at closing to buy an investment property? Add them to the basis of my propert… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,570 satisfied customers
If you as the buyer have the money owed to the seller at closing
If you as the buyer have the money owed to the seller at closing increase by taxes paid by the seller in advance (around line 106 on the HUD 1 statement), and the seller has the amount he is due to re… read more
Angie
Angie
Accountant, Office Manager
288 satisfied customers
Is my Upfront MIP of $2054 on my Personal Residence tax deductable?
Is my Upfront MIP of $2054 on my Personal Residence tax deductable? I purchased the condo last year in August and the Upfront MIP is not on my 1098… read more
Dave CPA
Dave CPA
Master's Degree
740 satisfied customers
I refinanced a loan in July of 2009. I have two separate questions
I refinanced a loan in July of 2009. I have two separate questions regarding what deductions I can claim along with this refinance: 1) The Settlement Statement listed $3204 of points purchased. I did … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I bought a home in 2009. According to my 1098, I did not pay
I bought a home in 2009. According to my 1098, I did not pay any Property Tax during the year. On my HUD-1 statement though, Line 1004 lists $999.12 (4 mo.) paid at closing by the borrower (me). Is th… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I bought my home in October of 2008. My loan provider did not
I bought my home in October of 2008. My loan provider did not give send me the amount of property taxes paid because they were reimbursed to the seller at closing. I know the amount I am looking for t… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have applied for a mortgage loan in which I have locked my
I have applied for a mortgage loan in which I have locked my interest rate. However, I am now considering "unlocking" my rate in order to get a lower rate. Since I have not yet closed, I have the opti… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I refinanced a home with a loan of $350,000 and paid a ...
I refinanced a home with a loan of $350,000 and paid a broker origination fee of $5,250. We had been told by the mortgage broker that we could pay one point to lower the interest rate which we agreed … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,789 satisfied customers
I bought a house in 2006 and I am wondering what ...
I bought a house in 2006 and I am wondering what portion of my closing costs are tax deductible? The seller agreed to pay $5000 towards closing and we paid the rest out of pocket. I know I have a port… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,789 satisfied customers
can i deduct my downpayment and closing costs on my 2005 taxes
MY WIFE AND I NEED TO KNOW IF WE CAN DEDUCT DOWNPAYMENT AND CLOSING COST (AROUND 5000 ) ON 2005 TAXES. WE MADE AROUND 55,000… read more
R. Greg Paszkiewicz
R. Greg Paszkiewicz
Accountant
Bachelor Degree
140 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