Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
5 years ago I purchased some gold and silver coins. The
5 years ago I purchased some gold and silver coins. The price of gold and silver has dropped significantly since then. These coins are in an ira and I was thinking if I took them out of the ira now my… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,771 satisfied customers
When I retired 4 years ago I purchased some gold and silver
When I retired 4 years ago I purchased some gold and silver coins and rolled them into an ira. Since the value has reduced dramatically, I am considering closing the account, putting them in a bank an… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,771 satisfied customers
I purchased Apple stocks several years ago and my cost was
I purchased Apple stocks several years ago and my cost was 1,745.93. Since then the stock as split and the company has started to pay dividends. It works out to $16.891 a share as cost basis. I am con… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I received an IRA-regular annuity but don't know which option
I received an IRA-regular annuity but don't know which option to take (lump sum, annual payout) since it will be taxable on 1099. I was told that this counted as additional income and therefore will b… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,771 satisfied customers
Can the commissions of the selling broker be included in the
Can the commissions of the selling broker be included in the "cost basis" when I calculate my loss on a purchase of precious metals from 2009 to 2014?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Hello, I am looking to start investing in precious metals,
Hello, I am looking to start investing in precious metals, however I have questions regarding tax advantages/disadvantages of investing in physical bullion vs. ETF investment. I am looking to invest i… read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,978 satisfied customers
If I take out all of my IRA that is in silver do I have to
If I take out all of my IRA that is in silver do I have to put the money from the silver back into silver to put it back into an IRA. Or will a 5498 from another qualified IRA that is not silver be ok… read more
winktax
winktax
Enrolled Agent
Master's Degree
346 satisfied customers
I have another question on here that I asked yesterday that
I have another question on here that I asked yesterday that says waiting for expert. Can you answer it?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
A question regarding Section 179 depreciation for heavy SUVs Our
A question regarding Section 179 depreciation for heavy SUVs: Our small Schedule C business has a heavy SUV that is used 90% for the business. This SUV is fully depreciated and has to be replaced. A n… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
We have 6 oil wells in a self directed Roth. They are virtually
We have 6 oil wells in a self directed Roth. They are virtually worthless. We pay more for administration than the oil wells make. We received some forms from the IRA custodian to file a FMV for each … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
Our federal income tax for 2009 (yes, Im still working on
Our federal income tax for 2009 (yes, I'm still working on it in July) is crazy because of 401K loans that were called in and therefore became distributions. This doubled our "income," causing us to p… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I purchased a house 7 years ago for $265K. Tax appraisal 2
I purchased a house 7 years ago for $265K. Tax appraisal 2 years ago indicated a value of $296K. Invested $50K last year and now appraises at $345K. What can I sell for to get a maximum tax advantage?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife and I have lived in our current home in Texas for 15
My wife and I have lived in our current home in Texas for 15 years. We are now building our new retirement home near Tucson, AZ. We are about to put our current home up for sale. We would like to sell… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,771 satisfied customers
Ive been unemployed for several months due to my financial
I've been unemployed for several months due to my financial situation I need to break open my 401K. I just converted it to Standard (not Roth) IRA with same broker (Vanguard). I need advice on how I c… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
My wife and I Purchased an investment property in our IRAs
My wife and I Purchased an investment property in our IRAs about 3 years ago. property has now lost approx. 40% of its origional cost, $670,000. plus its costing me over $350. a month for bank managem… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
We have been a two income family for many years. At this ...
We have been a two income family for many years. At this point now, we are living off of one income. We sold our home to relocate 6 months ago and are looking to purchase a new home. However, with the… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
What are the tax penalties with 401k retirement accounts
I''m currenlty in a sittuation where I''m considering leaving the company I''ve worked with for 10 years and relocation. I''d like to use a portion of this when a check is distributed to me, to help m… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I recently sold a home I had lived in for 20 years. My ...
I recently sold a home I had lived in for 20 years. My intention is to pay down our current mortgage from the proceeds of that sale. I would also like to pay off a credit card debt at this time. Will … read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
666 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

18,771 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