Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
We are in Texas. A community property state. In 2005 my
We are in Texas. A community property state. In 2005 my father passed and via his will he left his 50% of the home to my mother as a life estate with me and my brother and sister as remaindermen. In 2… read more
PhillipsEsq.
PhillipsEsq.
Attorney-at-Law
JD
261 satisfied customers
Married couple bought home in Hawaii about 25 years ago.
Married couple bought home in Hawaii about 25 years ago. They got divorced about 2 years ago and finally have the home in escrow to divide the money. Sale price is about. $960,000. Purchase price was … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
2nd Home owned by 3 siblings sold in Sept 2018... 2nd home
2nd home owned by 3 siblings sold in Sept 2019... however due to a dispute between siblings and a resulting court case (undecided), a Pennsylvania county court handled/conducted the sale and placed proceeds into escrow pending a court decision.... the court decision was rendered in February 2019 and the proceeds distributed in February 2019.... does this sale have to be reported in 2018 taxes or wait until 2019 taxes are filed? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
I live in Arkansas. I recently received payment for property
I live in Arkansas. I recently received payment for property that was sold that was still in my maternal grandfather's name. My grandfather died in 1980, and my mother died in 2014. I am trying to det… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,701 satisfied customers
My wife and 3 siblings sold a tract of land that was owned
My wife and 3 siblings sold a tract of land that was owned by their father. It was divided up into 4 parts and each received the same amount of money for it. The land was signed over to them before th… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,590 satisfied customers
My sister sold her home ( our mother quitclaimed it to her
My sister sold her home ( our mother quitclaimed it to her years ago) and after paying off the mortgage and related costs she realized a profit of nearly 400k.My sister now wants to split the proceeds… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,418 satisfied customers
I live in Minnesota (MN). My aunt, living in India and a
I live in Minnesota (MN). My aunt, living in India and a resident of India deceased in the Yr 2000 leaving 4 properties that were eventually inherited by 7 of us (6 Sisters + Self). There was a court … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,418 satisfied customers
My wife's parents signed the deed to their house over to their
My wife's parents signed the deed to their house over to their three children a number of years ago, maintaining a life estate interest. They moved out about three years ago. In 2015 the house was sol… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
My parents left a condo to me and my sister. She wants to
My parents left a condo to me and my sister. She wants to live in the condo. The condo is worth $100000. The mortgage and taxes are $360 a month. The association us $160. Who pays what? Do we each get… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
My mother passed away in April 2011, then my father passed
My mother passed away in April 2011, then my father passed away in July 2011. Me and my three sisters were left the house equally. The estate was under $1,000,000.00 so no estate tax was due. My siste… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
Before my mother passed away in 2000, she provided paperwork
Before my mother passed away in 2000, she provided paperwork to my sister so she could put the deed to their property in my sister and brother's name so the state could not take the property if and wh… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Two years ago, our mother transferred the deed to her house
Two years ago, our mother transferred the deed to her house to me, my brother and my sister. In November, she moved into an assisted living apartment and the house was sold with the proceeds split eve… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
My uncle dies last year without a will. His home went to probate
My uncle dies last year without a will. His home went to probate and then to his remaining family members. We sold the house, and my portion of the proceeds were $7,700. The home was in Arkansas, I li… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My parents bought our family home in 1952. Mom died in 1968.
My parents bought our family home in 1952. Mom died in 1968. In 1974, , Dad added our sister's name to title so that she could serve as steward of proceeds when he died and family home was sold. Dad d… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
My mother passed away over two years ago and we are getting
My mother passed away over two years ago and we are getting ready to put her house on the market. Before her death, she put one of my siblings on the title. Her will stipulated that the house proceeds… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,736 satisfied customers
Mother died in 1996 with a living trust. All of the trust
Mother died in 1996 with a living trust. All of the trust assets were to be divided between my two sisters and myself. One of my sisters (named the trustee) was living in the house, and mom's trust di… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
Since 1996, 4 siblings have been on the quick claim
My sister was the only one on the deed of the house. In 1996, she did a quick claim deed as a bonafide gift and added the other 3 siblings. The 2 single siblings have lived there for many years off an… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
if a home is sold by one sister for $34,000 after ...
if a home is sold by one sister for $34,000 after closing cost and realtor fees are taken out, and that $34,000 is divided equally be- tween four siblings, what if any taxes would be owed by the selle… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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