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 capital gains tax in massachusetts.
i have a question about capital gains tax in massachusetts … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,279 satisfied customers
My wife has a condo in her name that she is selling. We also
My wife has a condo in her name that she is selling. We also have a house jointly owned that we are selling in Michigan. We are moving and buying a home in Nashville I'm trying to understand if sellin… read more
HK Tax
HK Tax
CPA
Master's of Science
354 satisfied customers
If I make a profit on sale of primary home, will I have to
If I make a profit on sale of primary home, will I have to pay capital gains tax on the entire profit or is there an exemption level (we are not going to reinvest in another house immediately) ? The p… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,421 satisfied customers
If I share an investment property with my sibling and one of
If I share an investment property with my sibling and one of us moves in and sells it, is there any benefit in reduced capital gains tax to one or all siblings? Or is it an all or none situation where… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
283 satisfied customers
I bought a new house around 3 years ago, and was looking to
I bought a new house around 3 years ago, and was looking to sell my previous home (which I had been renting over the last few years) by the end of this month. I was wondering if I have to pay capital … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
My wife and I lived and owned my house than 7 years. Now it
My wife and I lived and owned my house for more than 7 years. Now it has appreciated about 500k. I am planning to rent it out for a year or so then sell when the market is better. Some (nolo and my mo… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,255 satisfied customers
disabled dependent child has lived with a fulltime caregiver
disabled dependent child has lived with a fulltime caregiver in a home the parents own but have not occupied for over 15 yrs. no rent ever collectd. need to move disabled child closer to siblings, but… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
570 satisfied customers
We (husband and wife) own 2 homes in different parts of the
We (husband and wife) own 2 homes in different parts of the same state. One we live in and the other has been rented out for 8 years. My husband is retiring soon and we propose to do the following: 1.… read more
Anne
Anne
Master Tax Preparer
2,533 satisfied customers
Ive owned a home since 1994 but I married and moved out of
I've owned a home since 1994 but I married and moved out of it in1997 and rented it to my brother. He now wants to buy it from me and I want to sell it to him. Would I still be able to qualify for the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,754 satisfied customers
Own a home in NC, primary residence for 17 yrs. bought another
Own a home in NC, primary residence for 17 yrs. bought another home in NC, July 2005, same town, rented the 17yr home for a couple years, now on the market, empty for 7 mos. When I sell, does the 2 of… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
Ive heard that if you have lived in your home between 2-5
I've heard that if you have lived in your home between 2-5 years and in that time turned it into a rental, when you sell your home you do not have to pay certain taxes on the profit made from the sale… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,240 satisfied customers
In regards XXXXX XXXXX Mortgage Forgiveness Debt Relief Act of 2007,
In regards XXXXX XXXXX Mortgage Forgiveness Debt Relief Act of 2007, do "short sale" properties qualify? Secondly, If a couple owns a home but due to a divorce, the husband moves in with parents in ne… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I would like to rent my perm. resid out for 11 months ...
I would like to rent my perm. resid out for 11 months a year. We are retired and would like to start travelling extensively. Can i rent with 12 mo. Lease with 30 or 60 day notice clause to move if pro… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
My mother deeded her house to my brother and me several ...
My mother deeded her house to my brother and me several years ago. She's lived there rent free and now we're selling the home. We live is in Alabama. Is there any way to declare that home as a vacatio… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
we are selling a 3 family home and buying a one family ...
we are selling a 3 family home and buying a one family home..We are selling our home for $500.00. The property is a rental property although I do reside in it. What will be if any. the capital gains I… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
I have a question about Capital Gains. Sold our primary ...
I have a question about Capital Gains. Sold our primary (main) house in August of 2006. We lived in the house for 2 1/2 years which meets the use and time test and sold it for $235,000 which makes the… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
My wife and I have lived in our house for 35 years and will ...
My wife and I have lived in our house for 35 years and will turn 65 on Jan. 30 2007. Will we be elegible for a tax exemption for this year and if so what do we have to do?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,754 satisfied customers
If my wife and I sell a property that was grant deeded to ...
If my wife and I sell a property that was grant deeded to us over 18 years ago that we have not lived in or rented for the past 17 years for under $500K, will we have to pay capital gains taxes. We ar… read more
Barbara
Barbara
Certified Test Admin. - Personal Coach
Bachelor Degree
182 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