Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I need help determining if interest paid on a construction
I need help determining if interest paid on a construction loan for a new house is deductible. I understand that it is if certain requirements are met. I need a tax expert to help me if the requiremen… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
49 satisfied customers
I have a home that I did Air BnB through in 2017, I didn't
Hi - I have a home that I did Air BnB through in 2017, I didn't pay any interest on the mortgage due to changing mortgage holders. The tax people Iam working with want to know the actual # of days I w… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
We are thinking of selling our home in order to raise money
We are thinking of selling our home in order to raise money for retirement. We have lived at the home for over 40 years. Would we owe the government capital gains tax or any other such taxes?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I'm selling my house to my son and his wife, and planning on
I'm selling my house to my son and his wife, and planning on gifting the equity of 20% so they can get a loan for the balance. gift will be sale price $440,000; equity gift $88,000 ; new loan $352,000… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
859 satisfied customers
More detail on last question. I have 3 houses. My own (in
More detail on last question. I have 3 houses. My own (in CA) and the two I bought in Phoenix for my parents, who lived in those 2 separate houses (they are legally separated). I am selling the more e… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I moved out of my house October 1, 2007 and started to rent
I moved out of my house October 1, 2007 and started to rent it at that time. I went in on another property 1/2 with another couple. The couple are on the loan and I am not, but I am shown on the title… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
Im hoping to get some clarity on a tricky tax situation.
I'm hoping to get some clarity on a tricky tax situation. My wife and I were married in May 2010. In October 2009, while we were engaged, she purchased a historical home in order to take advantage of … read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
2 years ago my mother and I agreed to purchase a pproperty
2 years ago my mother and I agreed to purchase a pproperty "together" with the agreement that I would live in the property and renovate it for 2 years and she would purchase the property. After the 2 … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,733 satisfied customers
I bought a 65 acre property over 2 years ago and lived in the
I bought a 65 acre property over 2 years ago and lived in the house from day one. On the same property I built another home and have lived in it for about 1 year. The original home is now a guest hous… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Interest expense question I own few rental properties. I
Interest expense question I own few rental properties. I refinance one property, conventional 30 year mortgage, Took CASH to fix another property I own. Mortgage on 2nd property 30 year conventional C… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
We inherited a house valued at 225k and bought out 1 sibling
We inherited a house valued at 225k and bought out 1 sibling for 75K (original mortgage). We lived in the home for 2 years and decided to move. The home was placed into rental service in May of '05 an… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
86 satisfied customers
I purchased a house on 12/07/09 (REO) that i am fixing up.I
I purchased a house on 12/07/09 (REO) that i am fixing up.I plan to take the $8,000 on my '09 taxes. Currently, however, I live in a moble home and pay a lot fee. The city bought the trailer park on 0… read more
Jesse Handel
Jesse Handel
Tax Preparer and Chemist
Bachelor's Degree
3 satisfied customers
I have a question regarding the $6500 tax credit. I recently
I have a question regarding the $6500 tax credit. I recently purchased a 2nd home and closed on Dec 21, 2009. This is my primary residence. I moved to Arizona in 2004 and bought a home under construct… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I bought a house for my mentally unstable mother to live in
I bought a house for my mentally unstable mother to live in on January 16th, 2007. She took one look at it and drove awway and I went bananas and put it immediately back on the market. She refuses to … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wifes parents owned a farm in Kentucky. They bought it
My wife's parents owned a farm in Kentucky. They bought it approx. 50 years ago for approx. $7000. They lived on it for a few years then moved to another home they bought. Some improvements were made … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am refinacing a rental house that is paid off. I plan to
I am refinacing a rental house that is paid off. I plan to use most of the cash to build another unit on the same lot. It will take about 4 months to build. When that unit is rented can I then deduct … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I live in a house my Mother owns, She has never lived in ...
I live in a house my Mother owns, She has never lived in this house. I have lived here since she bought it 27 years ago. I know she can gift this h ouse to me and neither one of us would have to pay t… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I bought a property in CA last April and have about 60K in ...
I bought a property in CA last April and have about 60K in equity. I might be re-locating to Orange County for a great job opportunity. I know I'm under the 2 year mark for capital gains tax. However,… 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