Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My mom bought property in 1977 stated to build a house in
My mom bought property in 1977 stated to build a house in 1993 but stopped 3 years later then completed it in 1996. She sold it on an installment (Primary residence) November 2017. She received one in… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
I am in Texas. My 92 year old mother who lives with us,
I am in Texas. My 92 year old mother who lives with us, transferred her real estate property to me in Nov., 2017, in exchange for living with us. There is one house and 2 empty lots. The 2 houses are … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I have received 1099 S for the sale of a house I built and
I have received 1099 S for the sale of a house I built and sold! I never lived in that house. I bought land in 2010 and never claimed property taxes I paid. I took private hard money loan and paid int… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,066 satisfied customers
I'm trying to fill out a 4797 form for the sale of rental
I'm trying to fill out a 4797 form for the sale of rental property last year … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I bought some land in 2017 to build a new house on. I took
I bought some land in 2017 to build a new house on. I took out a home equity loan to pay for it. how do I handle interest paid in 2017 and taxes paid to town and county where property is located? 2nd … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,066 satisfied customers
How should an accountant record the sale of a house for a
How should an accountant record the sale of a house for a contractor who built it. I know all expenses are put in to a wip account then when its completed its moved to COGS? When does it move to inven… read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
422 satisfied customers
I bought a one story 600 sq foot house in April 2008. Needing more space I demolished the
I bought a one story 600 sq foot house in April 2008. Needing more space I demolished the house to the ground in 2010 and built a brand new 2000 sq foot house. I got married in 2012 and both me and my… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
FOR A CPA OR TAX ATTORNEY WITH EXTENSIVE EXPERIENCE IN PROPERTY
FOR A CPA OR TAX ATTORNEY WITH EXTENSIVE EXPERIENCE IN PROPERTY SALES: We purchased a piece of vacant land in 2009 and sold it in 2012 at a loss. We paid cash for the lot. We purchased the lot in an L… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
-Husband and wife filing jointly returns all our lives. -bought
-Husband and wife filing jointly returns all our lives. -bought 5 acres parcel in Gresham, Oregon for $17,500 in 1979. -put a new manufactured home 1984 value of $37,500. -improvements: water well, se… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
- Owned home since Nov 1997; Purchase price: $435K - Rented
- Owned home since Nov 1997; Purchase price: $435K - Rented home from May 2003 to July 2006 - Demolished main house in Aug 2007, and city granted permission for two lots - Built new house in the old b… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I sold a second home in 2011. I do not have a base price because
I sold a second home in 2011. I do not have a base price because we bought the land in 1987 and over the years my husband did most of the work to build the house. My husband passed away in 2007 and ha… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am a co-owner of some property. The purchase price back in 2007 was 725,000. It was rece
I am a co-owner of some property. The purchase price back in 2007 was 725,000. It was recently sold for 405,000 for a loss of (320,000). I'm selling quite a bit of stock this year and will have some s… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
My wife and I owned a rental house on 2 building lots. We
My wife and I owned a rental house on 2 building lots. We then tore the house down, formed an LLC, and then built a spec. house on one of the lots, and split off the other lot to keep. We had an inter… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I bought a vacant lot for cash in Dec. 2007 on which I ...
I bought a vacant lot for cash in Dec. 2007 on which I plan to build a rental house in about three years after I have paid off my own personal residence. What can I deduct on my 2007 federal tax retur… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I purchased vacant land in 2006 with plans on building ...
I purchased vacant land in 2006 with plans on building a new home on it. In 2007, I sold the land. I also sold my primary residence and built a new home on a different parcel that I had bought. There … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I am a resident in Florida and my mother is looking to sell ...
I am a resident in Florida and my mother is looking to sell her property. Lets say for example She purchased land, then built two rental homes and her residence. Lets says she bought the land for 100,… read more
Zhicheng Lai
Zhicheng Lai
Master Degree
426 satisfied customers
I have a principal residence that is situated on 10 acres ...
I have a principal residence that is situated on 10 acres that built in 1987, bought land in 1985. I am subdividing the property in half and refinancing the home with 5 acres. I plan on selling the 5 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I know mortgage interest is tax deductible, but is the ...
I know mortgage interest is tax deductible, but is the monthly HOA fee for a condo, or the land rental fee for a manufactured home, also tax deductible?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 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