Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I sold my house for 234,000 in 2016..I have not done taxes…

Customer Question
I sold my house...

I sold my house for 234,000 in 2016..I have not done taxes since...I am filing this year...do I need to report that?

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I am on social security...t

Accountant's Assistant: Is there anything else the Accountant should be aware of?

I am disabled

Submitted: 3 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 5 minutes by:
3/29/2018
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 3 months ago
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,607
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
Verified

Hello!

My name is***** will assist you today.

Please give me one moment while I review your question and type my initial response

Ask Your Own Tax Question
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 3 months ago

Was the home your primary residence for at least 2 out of the previous 5 years?

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

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 >

Related Tax Questions
My Mom died a few years ago and left her home to my sister
My Mom died a few years ago and left her home to my sister and I. I am on disability and have thought-process problems, so We put it in her name in an LLC. Now I 'm doing even worse so we wNT TO SELL … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I having difficulty determing whether I need to file a tax,
I having difficulty determing whether I need to file a tax … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
MY mOM PASSED IN 2015, NEVER FILED AN ESTATE RETURN FOR HER
MY mOM PASSED IN 2015 , NEVER FILED AN ESTATE RETURN FOR HER FOR 2015 & 2016 . iN 2017 WE SOLD THE ONLY THING MY MOM LEFT ( HOUSE) SHOULD THAT BE REPORTED ON A 1041 ? DO i NEED TO GO BACK AND FILE A 1… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What is the limitation for failure to give employees WW2 or
What is the limitation for failure to give employees WW2 or 10 99 forms, also for hiring people who are on disability and paying them under them cash. … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My IRS taxes are paid up. My home on Island is about to be
My IRS taxes are paid up. My home on Long Island is about to be foreclosed Aug 1st owned by myself and former spouse. I am in a position to file bankruptcy being paid up to do that. Am hesitant to do … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,325 satisfied customers
I am the executor of my father's estate. He died in Feb
I am the executor of my father's estate. He died in Feb 2016. In 2016, I received IRA distributions of about $5000 and some interest (about $100) from the local bank for the estate. In 2017, I was abl… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I live in mnn and made 22,000 gross sold house for 12,500
I live in mnn and made 22,000 gross sold house for 12,500 net to me how much capital gains tax do I have to pay … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My dad's home was in a revocable trust when he died in Feb
My dad's home was in a revocable trust when he died in Feb 2016. Sold the property on Mar 2017 for $182,500. I am the trustee, and one of 6 beneficiaries. When do I file a tax return, for 2016 or 2017… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
3/21/2016. Sold my condo of 10 years. Age 65 at that time.
3/21/2016. Sold my condo of 10 years. Age 65 at that time. Do I need to report the money I received from the sale? The sale was $1000 more than I paid for it. Was living in Kansas. Moved to Florida on… read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
848 satisfied customers
What form if any is required to be filed on forgiving
What form if any is required to be filed on forgiving $14,000 mortgage debt credit to my daughter as I previously owned a 2nd home and sold and financed the note & mortgage to her during 2016? Since t… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I Turned Age 62 in April Of this year (2016) . I worked in
I Turned Age 62 in April Of this year (2016) . I worked in the Offshore Oil & Gas Industry Up to April. I am now on Social Security. I will Receive My First Social Security Check In June of this Year … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
My Mother and her brother inherited a house/land from my Grandmother
My Mother and her brother inherited a house/land from my Grandmother when she died in 2008. My Mother paid her brother $6000 for his share of the property in 2009, thus becoming the sole owner. The ho… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
We bought a house in Las Vegas for $210,000 on 11/02/2002.
We bought a house in Las Vegas for $210,000 on 11/02/2002. We divorced in 2008. I paid my X spouse $59,000 for her half of house. I then rented it out until last year when I sold it. I sold it for $23… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
i have a uncle who died 9-18-2012. he was on disability with
i have a uncle who died 9-18-2012. he was on disability with a total income of 12545.10 from social security, do i need to file incomw taxes for him and i am the executor to the estate and sole benefi… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
i sold my home in florida was first and last that i will ever
i sold my home in florida was first and last that i will ever own im 54 yrs old and disabled and divorced was divorced when i sold home my ex had nothing to do with the home had aprox 200 thousand in … read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I am now on disability and my 3 kids get disability deposited
I am now on disability and my 3 kids get disability deposited into my asccount. Can I add their $ to my earnings? Or do I need to file for each of them? T hey had nothing taken out for taxes.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I Kenneth L. Auxier, Draw agovernment disability (90%- ...
I Kenneth L. Auxier, Draw agovernment disability (90%- unemployable -100%) as well as Social Security[XXX-XX-XXXX] I didn''t file taxes for 2007 and am wondering if and how I go about a rebate check? … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I bought my house 2 years ago for 157,000 and just sold it ...
I bought my house 2 years ago for 157,000 and just sold it for 234,000 how much capital gain do I have to pay. I live in washington state and my wife and I file jointly. We make 72,000 a year combined… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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.

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