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 taxpayer that essentially sells space in a
I have a taxpayer that essentially sells space in a co-working office space. Should all the revenue received from such activity be reported as rental income on Form 8825 (Rental RE Income & Expenses),… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,415 satisfied customers
I did a 1031 Exchange back in 2012 and have been reporting
I did a 1031 Exchange back in 2012 and have been reporting the rental income but now I don't want to rent that purchased property anymore. Is there something I have to do from a tax standpoint to quit… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,415 satisfied customers
1031 Exchange: taxpayer relinquishs a residential rental for
1031 Exchange: taxpayer relinquishs a residential rental for 2 replacement properties. One is a $500,000 rental property. The other is $500,000 of vacant land. A rental property will be built on tje l… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,372 satisfied customers
Get in the office building that I have had stay out for
Get in the office building that I have had Lee stay out for three years be exchanged in a 1031 exchange for a residential property to be leased? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,383 satisfied customers
I have a client who sold an apartment building. Using a
I have a client who sold an apartment building. Using a qualified intermediary, the proceeds were used to pay off the mortgage and invested is a DST (Deleware Statuary Trust). There was also debt acqu… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
209 satisfied customers
I have a client that owns a piece of property in San Diego,
I have a client that owns a piece of property in San Diego, CA. that is considered "Mixed Use"--400 sqft Commercial Space and 1800 sqft Residental Space. It is currently titled in a revocable family t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,383 satisfied customers
1031 Exchanges - A taxpayer (non-married Partnership) is
1031 Exchanges -A taxpayer (non-married Partnership) is purchasing residential real estate. They will most likely do some upgrades and then sell the property. Never renting or living in it. Will they … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,372 satisfied customers
I own aaaaaa mixed use building, rent is 6 units residential
rent is 6 units residential $36K per month and 2 units commerical $16K oer month … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,415 satisfied customers
I talked with you several years ago about some commercial
Hi Roger, I talked with you several years ago about some commercial property that the Department of Transportation damaged / acquired via eminent domain. I received conditional zoning to use the remai… read more
taxmanrog
taxmanrog
Master's Degree
1,787 satisfied customers
For section 1244 stock loss: For an S corporation, do
For section 1244 stock loss: For an S corporation, do multiple stock purchases for cash count for determining the loss on sale or only the initial stock purchased when the corporation is first organiz… read more
PDtax
PDtax
Owner
Master's Degree
4,762 satisfied customers
Does or how can a limited partnership qualify the 1031 safe
Does or how can a limited partnership qualify the 1031 safe harbor for vacation home as replacement property?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,415 satisfied customers
If a residential rental property is sold at a gain & the
If a residential rental property is sold at a gain & the seller wants to do a 1031 exchange but purchases a commercial rental property, does it qualify?… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,220 satisfied customers
Question is tax law expert. This is in regards to multi-unit
Question is for a tax law expert. This is in regards ***** ***** property overseas with 5 residential and 7 commercial units. Have been told mixed use rental property, especially with majority units c… read more
Jason M. Tyra, CPA
Jason M. Tyra, CPA
Principal
Master's Degree
168 satisfied customers
Sales Tax - FL : Please explain: if person has commercial property
Sales Tax - FL : Please explain: if person has commercial property and wants to rent it, he need to sales tax or not?If yes , he needs to register in Fl revenue department? Thank you… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
An LLC, owned by one individual, rents space in a commercial
An LLC, owned by one individual, rents space in a commercial building. Is the net profit from this business subject to self-employment tax? The net profit is reported on a Schedule C.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
We currently own an industrial building, which pays us rent.
We currently own an industrial building, which pays us rent. The railroad is using imminent domaine to take this entire property and building, which we we will be compensated for. We need to reinvest … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I am wondering about something my sister asked.... If you sell
I am wondering about something my sister asked.... If you sell a residential property and buy a commercial, can you still skip the capital gains tax, if you buy again within 3 months? I have no idea..… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,476 satisfied customers
Tax deduction on rental space needed for new business
Hello. My husband and I own a business and make approximate 300k per year. This was my husbands business when I met him. We live in PB Florida and I am finally in a position to start my own business i… read more
RD
RD
Self Employed
Master's Degree
1,129 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