Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
As a member of a single member LLC me and my friend (not a
As a member of a single member LLC me and my friend (not a member) had invested some money to buy a land in NY state in 2016. In 2017 LLC sold it with some capital gain. Now I have few questions to cl… read more
Carter McBride
Carter McBride
LLM
3,150 satisfied customers
I received a distribution from a real estate trust as a
Hi, I received a distribution from a real estate trust as a beneficiary because the trust sold the only property it held. The trust is a revocable trust that must distribute proceeds from the sale of … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
2,985 satisfied customers
We closed out a UTMA account and rolled over the proceeds to
We closed out a UTMA account and rolled over the proceeds to an educational trust and the IRS wants our grand daughter to file a Sch D with her return but we do not how to file it and show that the pr… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
My mother set up a irrevocable trust last year. This is the
My mother set up a irrevocable trust last year. This is the first year to file it. From previous years on her regular 1040 she has ($76,000) in capital loss carry overs on her schedule D. Can those lo… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
My client holds a rental property in the United Kingdom. She
My client holds a rental property in the United Kingdom. She filed her returns there for the last 5 years . She lives in NY. She has not filed any US returns. She wants to file the last 5 years to sho… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My daughter is a US citizen, married to a citizen of the UK.
My daughter is a US citizen, married to a citizen of the UK. She has lived in the UK for nine years. He started a business in 2010. It now includes sales of computer equipment and service bureau which… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My parent's house in the UK was sold after their deaths and
My parent's house in the UK was sold after their deaths and I have a capital gains tax that I must pay on the net gain of 45,793 UK Pounds. I live in California. What amount should I pay given that my… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,152 satisfied customers
Robin, I have a NEW client that I need help with. Married
Hi Robin,I have a NEW client that I need help with.Married couple who resided in FL for 2015 and who had a Revocable Living Trust before the spouse (Trustee) died on 08/10/15. The Revocable Living Tru… read more
Jonathan Tierney
Jonathan Tierney
MBA
664 satisfied customers
Grossman, EA Client sold property in Brooklyn, 50%
Customer: ***** ***** Grossman, EA Client sold property in Brooklyn, 50% residential rental and 50% personal residence. Is capital gain taxed separately for NY State and NYC? If so, what is NYC capita… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
My siblings(3) and I obtained a title inherited property
My siblings(3) and I obtained a title for an inherited property in VA in June 2014 and sold it in 2 month. Should I report the 11 K to the feds, Az., VA? My other siblings are in MA. We each inherited… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I am still working on a tax clients 2013 tax return and am
I am still working on a tax clients 2013 tax return and am reading up on installment sales. It looks like this qualifies because "the taxpayer received at least one payment after the tax year of the s… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
Hello, My wife and I married in Sept 2013. Shes from the UK
Hello, My wife and I married in Sept 2013. She's from the UK and owns a flat in London that we want to sell. We are hearing that we need to be careful about getting taxed twice on the sale. Can you he… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
In order to avoid inheritance tax, my mother would like to
In order to avoid inheritance tax, my mother would like to gift her house to her 3 children and then pay them rent while she continues to live in it. How does she calculate how much rent to pay?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
I am a UK citizen, my Ex wife is from the USA. We sold the
I am a UK citizen, my Ex wife is from the USA. We sold the family home which we had lived in for 21 years. She has moved in to a rental in the UK with the kids. Is she liable to pay Capital gains on h… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
We sold my moms house this year. Originally bought in 1955.
We sold my mom's house this year. Originally bought in 1955. Deducting home improvements, the net proceeds is about $230,000. My mom is in a nursing home now. Income is Retirement and SS, which is abo… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
My daughter lives in Vermont USA and has just sold her flat,
My daughter lives in Vermont USA and has just sold her flat, she now has £36,000 to play with. Can she transfer it, or some of it into the United States without any tax penelties from the USA governme… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
If we sold our flat but in was in my husbands name but we jointly
If we sold our flat but in was in my husbands name but we jointly paid the mortgage for the past 18 yrs would we each have an allowance to offset the gain and what is the allowance and the tax rate… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
hello again merlo I failed to mention that partner is uk
hello again merlo I failed to mention that partner is uk citizen and one property is in her name although not married .We will be getting married in the states once relocated,are there any tax advanta… read more
Merlo
Merlo
Tax Consultant
558 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