Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Last year I deducted just under 1.1 million in home mortgage
Last year I deducted just under 1.1 million in home mortgage interest. 200k was from a primary mortgage we have had on a second home my wife has owned since 2011, the other 900k was from our new prima… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,081 satisfied customers
I have a slightly below $1M mortgage on the purchase of my
I have a slightly below $1M mortgage on the purchase of my primary home purchased in 2015. I am planning to buy another home in 2018 and rent out the old one. Would I be able to deduct mortgage intere… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,423 satisfied customers
I have a client who is coming to get a loan on a vacation
Hi there; I have a client who is coming to get a loan on a vacation home that she's building. She wanted to refinance her current residence for the funds to build the vacation loan to get a lower inte… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,257 satisfied customers
Ok Robin, I have another one for you... When I mortgaged my
Ok Robin, I have another one for you... When I mortgaged my home I had a seconded interest only loan to accompany the regular mortgage. With the changes to the Tax Code for 2018, can I still deduct th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Will my new home loan that I signed docs for on November
Will my new home loan that I signed docs for on November 1st, be subject to the new tax rules regarding Mortgage Interest deduction or am I grandfathered in?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,580 satisfied customers
Too busy to look up, so client refinanced in 2013 with
Too busy for me to look up, so client refinanced in 2013 with Network Bank and I amortized the points/origination charges over 30 years. In 2014, they refinanced again with the same bank and have an a… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
WHAT CAN I DEDUCT FOR REFINANCE PRIMARY RESIDENCE OFF HUD REPORT----JUST
WHAT CAN I DEDUCT FOR REFINANCE PRIMARY RESIDENCE OFF HUD REPORT----JUST LOWERED INTEREST RATE- IN NC--CAN I DEDUCT LAWYER EXPENSE IN OTHER DEDUCTIONS AS THEY PROTECTED MY FINANCIAL ASSET?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,257 satisfied customers
A home was purchased 25yrs ago for $90,000 and today it is
A home was purchased 25yrs ago for $90,000 and today it is valued at $450,000. The original mortgage was re-financed before and I am currently looking to lock in even at a lower rate. If I re-finance … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Would like to work with BK-CPA. Refinance interest inquire I
Would like to work with BK-CPA. Refinance interest inquire? I bought Real-estate investment property for 300K few years back. Financed the debt on 250K, Deducted the mortgage interest on schedule E. F… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hi I have 4 questions that I think are pretty simple. 1.
Hi I have 4 questions that I think are pretty simple. 1. I took out tuition money from my 529 plan for my daugher this year. Is it true that I don't have to pay a penny on the gain (my cost basis was … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
My friend bought a new home in September 2009 with more than
My friend bought a new home in September 2009 with more than 1.1M mortgage to replace his old house that had about $750,000 mortgage that he sold this January. I am helping him to do income tax with T… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
The question I have is When a person refinances, can they
The question I have is: When a person refinances, can they take the full amount of the interest? I keep reading that it depends on how much. Example: purchase home for $100,000, refinanced new loan to… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Mortgage Debt Relief Act - Tax on Short Sale or Foreclosure
Background: Bought a house in 2006 for $400k. My parents loaned me the entire amount so there was no official mortgage/lender. My sister and I both lived and still live in the house and it is our prim… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
i got a mortgage in 2005, yet i had no income; can i deduct
i got a mortgage in 2005, yet i had no income; can i deduct the points paid in subsequent years, or get any benefit from what i paid?… read more
Anne
Anne
Master Tax Preparer
2,361 satisfied customers
I bought my home for $159,000 12 years ago. I have put ...
I bought my home for $159,000 12 years ago. I have put about $85,000 worth of improvements into it. I want to refinance now. As far as mortgage interest deductibility, can I borrow only $259,000 (orig… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
I refinanced my house and built a garage, I was ...
I refinanced my house and built a garage, I was wondering what tax breaks I can [email protected] Optional Information: custer, South Dakota Already Tried: nothing… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 satisfied customers
one question and you guys want to get paid! Rip-off!!!
If I am paying a high interest on my mortagae payments, am I eligible to deduct the interest from my taxes?… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 satisfied customers
I paid points for a refinance, how do i claim this
I refinanced. The new loan amount is $139400.00. I paid 2439.50 in points. How do you claim this on taxes?… read more
Jon Andrews
Jon Andrews
CPA
3,038 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