Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Lane, If I took out a construction loan in 2017 and used it
Lane,If I took out a construction loan in 2017 and used it to build a 4 unit apartment building that I will be renting out in 2018? Can the interest be deducted in the current year or it needs to get … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I became US resident last year and I'm trying to figure out
Hi, I became US resident last year and I'm trying to figure out my tax requirements for the US. I have rental properties abroad and want to know if there are any option to let another person rent my p… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
We have a rental that the mortgage payment ($620) is paid by
We have a rental that the mortgage payment ($620) is paid by the occupant and we make no money above the monthly payment. The mortgage includes principal, interest,taxes and insurance. The rental is o… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I have a rental property in Ireland which I have never filed
Hello. I have a rental property in Ireland which I have never filed on a tax return as it has been making a lose for the past 5 or more years and I didn't think I could file a deduction as it wasn't m… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Partners and I formed an LLC to take over the mortgage a home
Partners and I formed an LLC to take over the mortgage a home owned by a relative going through bankruptcy. Collectively, 50K was put into the LLC. The relative provided monthly payments and they were… read more
Tax-Scholar
Tax-Scholar
Senior Associate
Bachelor's Degree
53 satisfied customers
My son s name is on our single house owner title ( grant
My son s name is ***** ***** single house owner title ( grant deed) as joints tenants , but his name is ***** ***** the house mortgage loan from the bank . Can my son be eligible to claim tax return f… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My adult daughter purchased a house last year and owned a
My adult daughter purchased a house last year and owned a home that she did not sell, but let her in-laws take over payments. The home is still in her and her husband's name. The in-laws gave them $50… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
. My girlfriend and I are looking to buy a house together.
Hi. My girlfriend and I are looking to buy a house together. The loan will be in my name and she will be paying half of it, technically as "rent." She will in turn be renting out her own house. As for… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
If i share my home 50/50 with a tenant, and declare the rental
If i share my home 50/50 with a tenant, and declare the rental income, when time comes to sell it, will I be able to claim a full home capital gains exclusion (save for issues of depreciation) or will… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Wife and I bought another home (actually listed as Investment
Wife and I bought another home (actually listed as Investment property) My son/daughter-in law/grand babies live in the house. We do not take rental money or anything...they pay mortgage etc. etc.....… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
My wife and I are buying a property with our son and daughter
My wife and I are buying a property with our son and daughter in law. We live on the island of Hawaii in Hawaii and they live on the island of Kauai in Hawaii. The property is on Kauai and has two hou… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
My husband and I are contemplating buying a home for a daughter
My husband and I are contemplating buying a home for a daughter and her husband in NJ.They do not quality as they have not had steady employment for the qualifying 2 years. They will be responsible fo… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
We lived in our old house from January 1st - March 1st, 2008.
We lived in our old house from January 1st - March 1st, 2008. The house sat empty while we were trying to sell it from March-August. Beginning August 1st, we entered into an installment sale (land con… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
08/05 Daughter & son-in-law refid and rented out their home.
08/05 Daughter & son-in-law refi'd and rented out their home. Son-in-law was in Florida for an extended period of time for work. Transactions were done by fax and email. I also refi'd and rented out m… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I bought a house 14 years ago and put in my daughters ...
I bought a house 14 years ago and put in my daughter''s name due to close of a business, I have been living in it and have paid all payments, taxes, insurance, etc. She married six years ago and my wi… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
The cost of owning a home (I am single) has gotten too ...
The cost of owning a home (I am single) has gotten too expensive for me. However, with the recent changes in the real estate market, my loan is higher than the estimated value of my home. I have a hom… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
i bought a house in oct 95 i put money into it to ...
i bought a house in oct 95 i put money into it to resell also have been paying interest and utilities since then. i figured when it sold i could deduct all this plus taxes realitor cost ect... i have … read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
im going to buy a second home(B). im going to lease ...
im going to buy a second home(B). im going to lease the first(A). If the lease tenents fix the house and then sell the house how much capital gains tax do i pay. I bought the house for $95,000, I owe … read more
GARY ELLIS
GARY ELLIS
Tax professional
Bachelor Degree
74 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

18,640 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