Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I have a question about my cost basis in a rental property.
I have a question about my cost basis in a rental property. If I were to take a second mortgage secured by the property may I add that amount to my basis whether or not I use the money to pay for impr… read more
Rick
Rick
MBA
734 satisfied customers
Okay- my partner and I will be getting a salary in our new
Second opinion] Okay- my partner and I will be getting a salary in our new business. With that being said. I would like clarification or best option/recommendation. 1) If we register our business as a… read more
PDtax
PDtax
Owner
Master's Degree
4,757 satisfied customers
I want to buy a house. To do that I need to withdraw a
Second opinion] I want to buy a house. To do that I need to withdraw a massive sum from my mutual funds, representing years of compounded savings. I expect I will have to pay a huge capital gains tax … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,285 satisfied customers
I am 63 with no retirement or savings. I want to retire in
Second opinion] I am 63 with no retirement or savings. I want to retire in 4-5 years and need more monthly cash to contribute more to my 401K. I have about $100K equity in my home and also have a stud… read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
400 satisfied customers
My client received a 1099-K from a corporation called
my client received a 1099-K from a corporation called "Coinbase, Inc." in relation with trading of Bitcoin. But he is saying actually the whole amount shown on 1099-K is not the money he made. He made… read more
HK Tax
HK Tax
CPA
Master's of Science
354 satisfied customers
TAXPAYER PURCHASES A BUILDING IN 2017 FOR $4,000,000. IT
Second opinion] TAXPAYER PURCHASES A BUILDING IN 2017 FOR $4,000,000. IT WILL BE OCCUPIED IN MARCH 2019. WHAT IS HIS FASTEST DEPRECIATION WRITEOFF? … read more
Carter McBride
Carter McBride
LLM
3,081 satisfied customers
The sole shareholder of a C Corporation passed away. The
Second opinion] The sole shareholder of a C Corporation passed away. The only asset in the corporation is a rental property that is fully depreciated and had a FMV on the date of death of $1.5M. It is… read more
Carter McBride
Carter McBride
LLM
3,081 satisfied customers
I have a question about what number to claim on my w4. I'm
Second opinion] I have a question about what number to claim on my w4. I'm married and we both work full time. When we file taxes, we do "married filing jointly". We have one child. I know that claimi… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,285 satisfied customers
My company recently made two purchases. The first was the
My company recently made two purchases. The first was the purchase of a Walmart ground lease. The second was a purchase of a Walmart building AND ground lease, separately stated in the agreement. Thes… read more
taxmanrog
taxmanrog
Master's Degree
1,783 satisfied customers
I have recently inherited a sum of money from my uncle's
Second opinion] I have recently inherited a sum of money from my uncle's estate. I was told that no tax was due on the principle but tax would be due on the investment earnings. Please set me straight… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,285 satisfied customers
We would like to purchase a business property to expand my
we would like to purchase a business property to expand my current business to a second location. Should we purchase it in my name or the business name. Also I can borrow the money from a relative and… read more
Cole Parker
Cole Parker
Principal/CPA
Bachelor's Degree
112 satisfied customers
I came into some money that i will not need for the next
Second opinion] i came into some money that i will not need for the next several years and i was wondering what would be the best thing to do with it, should i just put in my savings account to build … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,864 satisfied customers
For a four member LLC, for the purpose of Real Estate
Second opinion] For a four member LLC, for the purpose of Real Estate purchase (a four=plex), one entity being a c-corporation, one being an s-corporation and two being a husband and wife sole proprie… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,285 satisfied customers
I am trying to calculate the adjusted cost basis of my home
Second opinion] I am trying to calculate the adjusted cost basis of my home to figure out the amount of depreciation for a renting out my basement. I understand you are to look at your tax assesment a… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,285 satisfied customers
Second opinion] Now that Kerry died,I am waiting for the
Second opinion] Now that Kerry died,I am waiting for the death certificates.When I get them,what do I need to do next at the Solano County,CA,Recorders Office to get the new stepped up basis and keep … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,285 satisfied customers
Do you have any info on the following Low income Housing tax
Do you have any info on the following Low income Housing tax credit set aside for the Nonprofit Supportive Pool per the 2116 Qualified Auction plan/ What part can be profit and what part is nonprofi?t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I know your not supposed to withdraw from your 401K ...
I know your not supposed to withdraw from your 401K account...ever.... but I have been ''swimming" for almost year juggling all bills - credit cards, installment loans and including my mortgage recent… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have an S-Corp. I purchase a commercial structure with a ...
I have an S-Corp. I purchase a commercial structure with a store-front which has extra space on a second floor. The second-floor is open and could be used for renting, either as office space or living… read more
Paul Taliefero
Paul Taliefero
Enrolled Agent
Bachelor Degree
110 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