Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I'm looking to find out in cash inherited from an Aunty in
I'm looking to find out in cash inherited from an Aunty in Minnesota is considered taxable income for Hawaii residents? Also is it taxable when we file the federal taxes for 2019. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
89 year old inherited 1/2 million and wants to pass it on to
89 year old inherited 1/2 million and wants to pass it on to 4 kids. how much is tax for her? I understand there is no tax for the kids. 89 year old income is a pension of less than 40k a year. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,263 satisfied customers
My wife's father passed away a few months ago, and we are
Hi, My name is Bryan. My wife's father passed away a few months ago, and we are struggling to get an answer to the following question: If a parent's Traditional IRA has a Trust as the beneficiary, and… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,259 satisfied customers
I want to sell my house but am wondering about taxes. I live
I want to sell my house but am wondering about taxes. I live in California. My only income is Social Security (I am 65) of about $21,000/year. My home is worth 1.4 Million dollars and there is no mort… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
My brother and I inherited farmland in NE in 2016 and sold
My brother and I inherited farmland in NE in 2016 and sold it in July, 2018. I am wondering what basis to use. My parents created a trust in 1995. They placed farmland my mother had inherited from her… read more
Richard
Richard
Tax Attorney
Doctoral Degree
60,569 satisfied customers
Lev (or whoever answers :)This is a follow-up question
Hi Lev (or whoever answers :)This is a follow-up question to one you answered a few months ago. Following is the original question and your answer, and finally the new question is at the end.QUESTION … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
My Dad is on his death bed, and just gave me $150,000 to split
My Dad is on his death bed, and just gave me $150,000 to split with my brother and sister. Tax consequence-lights are flashing before my eyes. Before he moves it from his account what is the proper wa… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,200 satisfied customers
Good Evening! Wondering if you can help me! My grandparents
Good Evening! Wondering if you can help me! My grandparents passed away fairly recently...we lost my grandfather two years ago and my grandmother a few months ago. Many years ago, there was a will pre… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
this question pertains to the new minnesota gift tax of 10
this question pertains to the new minnesota gift tax of 10 percent that goes into effect july 1st 2013. my parents just set up a irrevocable trust one in each name. it is the family farm 513 acres. th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
Foreign Trust: My parents passed away 6 years ago in Hong
Foreign Trust: My parents passed away 6 years ago in Hong Kong without any will. They were non-resident alien in US (they were not US citizen or green-card holder). Among 5 siblings, I am the only US … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
Our house is currently under mom, dad, brother and myself.
Our house is currently under mom, dad, brother and myself. Parents' have a trust that says brother and I get the house when they pass. If they take brother and my name off the deed, are there differen… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,692 satisfied customers
My parents passed away, one in 2010 and one in 2009. They
My parents passed away, one in 2010 and one in 2009. They placed their house in a trust that now since their death my brother and I are co-Trustee's. The house is in NY and my parents were full time r… read more
Richard
Richard
Tax Attorney
Doctoral Degree
60,569 satisfied customers
An Ohio resident passed away in mid-July owning a second property
An Ohio resident passed away in mid-July owning a second property in the Adirondacks of New York. It's appraised value is estimated to be $1.5 million. What is a reasonable estimate of the estate tax … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,240 satisfied customers
What is the best way for a father to transfers residential
What is the best way for a father to transfers residential properties to his children in the state of California… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My parents have both passed away and we are in the process ...
My parents have both passed away and we are in the process of dividing up the assets from their trust. Does the money each person receives need to be reported on our income tax forms?… read more
Cassandra
Cassandra
Accountant and Tax Preparer
Bachelor's Degree
170 satisfied customers
my widowed mother is 90 with assets of approx $2.7 mil. Is ...
She could begin to reduce her estate over the next several years by starting a gifting program this year. She can give $12,000 each to as many individuals that she wishes without having to file a gift… read more
Bill
Bill
Master's Degree
3,154 satisfied customers
I inheritated money on a farm that my grandparents have own ...
I inheritated money on a farm that my grandparents have own for years. We sold the farm and split the money between 10 errors.So i file my income tax in minnesota which is where i live and I found out… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
I am to get 50k (in the will) from from a friend who passed ...
I am to get 50k (in the will) from from a friend who passed just recently I was wondering if I will get the full amount or if estate and inheritance tax will be taken out of my share. The estate is in… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 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

60,569 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