Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Ten years ago I sold a house by creating an LLC that bought
Ten years ago I sold a house by creating an LLC that bought the house from me and I retained a 25% interest in the LLC in exchange for a reduced price on the propert. The LLC has now sold the property… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,208 satisfied customers
I have a tax question regarding selling my house and the
I have a tax question regarding selling my house and the taxable earning we'll get after selling it. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
I have a client who is purchases houses with different
I have a client who is purchases houses with different partners, fix them up and turn around and sell within a year or so. Lately I have told them to have one LLC for each project (because each projec… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
We bought our home in 1987 and lived in it until 2010 when
Hello. We bought our home in 1987 and lived in it until 2010 when we bought our present home. When we left our first home we rented it way under market value to our son. The house was considered renta… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
My parents bought their home in 2001 for 250,000. They gave
My parents bought their home in 2001 for 250,000. They gave their house as a gift to myself and my sister. The title on the house is myself an my sister. The current market value is 650,000. If my sis… read more
Jonathan Tierney
Jonathan Tierney
MBA
664 satisfied customers
My mother died in 2014. I am the executor of the will, and
My mother died in 2014. I am the executor of the will, and an heir along with my siblings. The will stipulates the house be sold and the proceeds distributed to the heirs. I'm trying to determine if t… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
got married, both owned homes, we sold one house, refinanced
got married, both owned homes, we sold one house, refinanced another, and purchased a new built home. Took a loss on home we sold - $10,000 less than purchase price and that doesn't include any commis… read more
Jacy
Jacy
Bachelor's Degree
434 satisfied customers
We bought a house in March 2010 with the assumption we qualified
We bought a house in March 2010 with the assumption we qualified for the $6500 tax credit. We deferred our 2009 taxes per our real estate agent to qualify for the rebate. We owned a house in Florida f… read more
Jacy
Jacy
Bachelor's Degree
434 satisfied customers
my house in michigan is underwater. my father in laws house,
my house in michigan is underwater. my father in laws house, witch he lived in is in tennessee. the house was put in my wifes name 5 years ago. he passed away last year and we sold the house. what are… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
How to list cost of repairs to get a tax deduction?
How do I list the cost of repairs to a house to prepare it for a land lease sale in order to get a tax deduction?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
Mom passed away in 2009 and we sold the house. My brother and
Mom passed away in 2009 and we sold the house. My brother and I split 50/50. The house appraised and sold at 310,000 After real estate fees and costs to maintain and fix up house for sale we lost 39,0… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
2,158 satisfied customers
My wife and I bought a house in Omaha, NE in March of 2007.
My wife and I bought a house in Omaha, NE in March of 2007. Three days after we closed on the house we found evidence of the house being deemed unlivable by the city due to three dozen cats living fre… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
We have recently sold our recreational property with ...
We have recently sold our recreational property with cabin. We bought it five years ago at $42,000, we have put improvements on is totaling $11,000. We sold it for $112,000. We are planning on re-inve… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
My parents bought a home 56 years ago for $24,000. They ...
My parents bought a home 56 years ago for $24,000. They both lived in this home as there primary reseidence. I estimate that they put $100,000 of improvements into there home over the years. My father… read more
Jon Andrews
Jon Andrews
CPA
1,498 satisfied customers
what is the capital gains law for selling residential real ...
what is the capital gains law for selling residential real estate? If you put all of the gain into a new property, are any taxes due?… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
My sister and I inherited a house when our mom died a year ...
My sister and I inherited a house when our mom died a year ago. My sister and her husband lived with our mom during her last year and have stayed in the house since. We are now having them buy us out … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
my parents who file joint returns bought their home 20 ...
my parents who file joint returns bought their home 20 years ago for 100,000 and are now selling their home for 700,000. They will be purchasing another home for 140,000 in another state. How much cap… read more
Jon Andrews
Jon Andrews
CPA
1,498 satisfied customers
My husband and his brother and sister were given his ...
My husband and his brother and sister were given his mothers house (signed over) when she became ill. She passed away three years ago and it has been sold in 2005 . Is there a capital gains tax on thi… read more
John D NORTHCUT
John D NORTHCUT
CEO
Bachelor Degree
14 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

18,806 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