Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Hope your day goes great! I was wondering if I could deduct
Hi! Hope your day goes great! I was wondering if I could deduct the full cost for kitchen cabinets ($1050), stove (959), fridge ($740), tiles ($400), backsplash ($350), countertop ($89), floor ($990) … read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
864 satisfied customers
I need to know if a foundation repair on a rental house will
I need to know if a foundation repair on a rental house will be considered as a repair or improvement by the IRS. The house is not rentable in its current condition and ignoring the problem will haste… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
864 satisfied customers
NY & Federal Government Tax questions: If one has an LLC
NY & Federal Government Tax questions: If one has an LLC which is a rental property and fortunately has finally got rid of gainfully employees squatters (also known as those people who beat the rental… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,706 satisfied customers
For this year (Tax year 2018), are there any changes on the
For this year (Tax year 2018), are there any changes on the F4562 about how to do depreciation & amortization?… read more
Carter McBride
Carter McBride
LLM
3,231 satisfied customers
I replaced a hot water heater in 2018 for my rental
I replaced a hot water heater in 2018 for my rental property. I did not hire a contractor but did the work myself. I understand you normally would depreciate this, however if the cost is under $2500 y… read more
Gerald, Esq
Gerald, Esq
Juris Doctor
393 satisfied customers
I recently purchased a rental property. I am wanting to
Hello i recently purchased a rental property. I am wanting to repair some of the electrical that is a safety hazard. I also want to repair the window trim and repaint the exterior. The garage has plan… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,706 satisfied customers
Tax depreciation of a roof on a residential rental property.
Tax depreciation of a roof on a residential rental property. What do I classify it as for asset type, land improvement, fixture, residential rental property, or other asset?What is the life that I cho… read more
Carter McBride
Carter McBride
LLM
3,231 satisfied customers
My wife and I rent a home. It has a garage that was
Second opinion] My wife and I rent a home. It has a garage that was converted long ago to a hobby room. We had water damage to this room in 2018 and received an insurance settlement of $7,000. This wa… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,641 satisfied customers
My wife and I rent a home. It has a garage that was
My wife and I rent a home. It has a garage that was converted long ago to a hobby room. We had water damage to this room in 2018 and received an insurance settlement of $7,000. This was for replacing … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
Dr: Publication 523 is useful yet confusing. "Any costs of
Dr Chen: Publication 523 is useful yet confusing. "Any costs of repairs or maintenance that are necessary to keep your home in good condition but don't d to its value or prolong its life" would seem t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,660 satisfied customers
I rent a space to run my business. We are a tattoo shop that
I rent a space to run my business. We are a tattoo shop that requires smooth flooring for keeping blood borne pathogen exposure a non-issue. The floor we have in now is falling apart and no longer smo… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
864 satisfied customers
I had a question regarding deductions and start-up expenses
I had a question regarding deductions and start-up expenses for a rental property.As I understand it you are allowed to deduct up to $5000 in start-up expenses, but this does not include any long-term… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,660 satisfied customers
Own a residential rental property. In 2015, replaced the air
Own a residential rental property. In 2015, replaced the air conditioner and also the roof. How many years is the air conditioner depreciated and how many years is the roof depreciated. Also, isn't th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Mitch complete renovation of 5 apartments out of 30 in a
mitch complete renovation of 5 apartments out of 30 in a residential building … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,706 satisfied customers
We are a company that sells and refurbished used laboratory
We are a company that sells and refurbished used laboratory equipment. We buy a lot of spare parts that we either install into the equipment that we repairing now that will be sold or keep for future … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,641 satisfied customers
Purchased rental home in 2013 and could not rent the property
Purchased rental home in 2013 and could not rent the property till 2014. I did approximately $14K in repairs in 2013 and did not report in 2013 since it did not rent. How or can I report these repair … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,706 satisfied customers
Tax Accounting 2014 Tangible Property Regulations The
Tax Accounting 2014 Tangible Property Regulations The tangible property regulations we are electing are the De minimis safe harbor 1.263(a)-1(f) or production of a unit of property and the Safe Harbor… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,706 satisfied customers
JUST ANSWER I need the opinion of an IRS enrolled agent
JUST ANSWER I need the opinion of an IRS enrolled agent (EA) regarding repairing a duplex investment property that I own. In 2002, I purchased the duplex which was built in 1985 and is part of a 4 uni… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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