Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
We are selling our first house but we have been renting it
We are selling our first house but we have been renting it for over 5 years while we were moving around for work. We are now settled and are ready to sell house (closing is in a week) We were building… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Pearl. Thanks in advance for your help. My mom was an SSI
Hi, Pearl. Thanks in advance for your help. My mom was an SSI recipient. Three days ago she moved in with me and her house/condo is in the process of being sold (it's under contract right now). She ha… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I live in Maryland and I am 64 years old. I own a farm in
I live in Maryland and I am 64 years old. I own a farm in Nebraska and am selling it in February of next year. the capital gains will be about 300 to 450 thousand dollars. I am still working and my in… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
This year i have sold a house and im about to sell a
This year i have sold a house and im about to sell a business rental property. I have never sold real estate before now im concerned about the tax i will have to pay next year. is there any suggestion… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I have owned my home in Snohomish WA for three years, I
I have owned my home in Snohomish WA for three years, I expect to retire in two years and then sell this house to purchase my permanent retirement home. A medical situation has developed with my 16 yr… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
859 satisfied customers
Presently I own 2 rental properties: (a) one is a home,
Hello,Presently I own 2 rental properties: (a) one is a home, which I am renting with a year lease to my sister and brother in law in Indio, CA, and (b) I just purchased a condo last December in Palm … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a legitimate office in my home. I have taken about $20,000
I have a legitimate office in my home. I have taken about $20,000 in depreciation over approx 10 years. I want to sell my house. If I sell the house do I owe taxes on this transaction? If I buy anothe… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a home that I have lived in since 2008. I bought it
I have a home that I have lived in since 2008. I bought it for $315k and it is now worth about $290k with a $215k mortgage. I anticipate it getting back to $315k in 2-3 years. I also took part in that… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
We have purchased a negatively geared home in S.A. to rent
We have purchased a negatively geared home in S.A. to rent out now, but to live in when we retired - we are currently renting in Tasmania - we intend to retire in 2 years... What would be the capital … read more
Expert
Expert
Hi I had a rental property that was foreclosed on last week.
Hi I had a rental property that was foreclosed on last week. I was losing money on the property every year for the last three yrs,could not rent it or sell it. I paid 200,000 for it and it was sold at… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
hello, we are trying to find out what our tax advantages and
hello, we are trying to find out what our tax advantages and disadvantages will be if we sell our house on a Land contract or rent to lease. We will be renting a condo or apartment for at least a year… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
We own our own home and paid off the mortgage in June 2009.
We own our own home and paid off the mortgage in June 2009. This September we purchased, using an equity loan on our home, an auction house across the street in Saint Paul MN for a very low price. We … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
Do you answer federal tax questions regarding real estate and
Do you answer federal tax questions regarding real estate and capital gains on property sales?… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
My husband and I would like to sell our primary home as ...
My husband and I would like to sell our primary home as soon as possible for personal family reasons. We have lived here less than 2 years and do not meet any of the "exclusions" outlined by the IRS. … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If I just sold my house and there was no homestead on ...
If I just sold my house and there was no homestead on it and I rented it out for 1 yr, do I have to pay taxes on it?… read more
The Geezer
The Geezer
Master's Degree
120 satisfied customers
I live in Florida and am purchasing a house (new ...
I live in Florida and am purchasing a house (new construction). When would be the best time tax wise to close on my new house -- in December of this year (2007) or in January next year (2008)? Or does… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I was given a residential property as a gift. I lived in ...
I was given a residential property as a gift. I lived in the home for approximately 6 years. It was then left vacant while I decided what to do with it. I purchased another home as my homestead. In th… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
isold a house in florida that was homesteaded,i had rented ...
isold a house in florida that was homesteaded,i had rented it from jan-july,2005. sold it in october for 150,000...i paid 79,000 in 2000...i want to know do i have to pay capital gains on the 70,100//… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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