Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Daughter lives in Arizona with parents & owns a rental in
Daughter lives in Arizona with parents & owns a rental in Indiana. Can she do a 1031 to Arizona? Can she give or sell it to her parents? Could the parents then sell the rental in Indiana and buy a hom… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,971 satisfied customers
My wife and I owned an apartment in the US for 10 years and
My wife and I owned an apartment in the US for 10 years and rented it out for 2 years from Nov 1, 2016 when we stayed abroad. I repossessed the apartment on Nov 4th, stayed in the apartment till Jan 1… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
Transferring rental property to family can the family member
Transferring rental property to family can the family member convert it to personal use? … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
1,206 satisfied customers
What is the easiest way to give your daughter a house you
what is the easiest way to give your daughter a house you had as a rental for 5 years? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,031 satisfied customers
Client has a rental and has completed her own taxes since
Client has a rental and has completed her own taxes since the rental in 2011. Mother gave her the house in 2004. First year she claimed the depreciation for the value of the home $102500) in that year… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,971 satisfied customers
I became resident of the USA not time ago, I have rental
Hi, I became resident of the USA not long time ago, I have rental properties overseas and have couple of questions regarding US taxes, could you help me with that? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,971 satisfied customers
I bought a townhouse for 69K five years ago for my daughter.
I bought a townhouse for 69K five years ago for my daughter. She made payments to me for 3 years then moved. I paid her 12K for her equity and then rented the place for two years. I am now selling for… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
I have rental home that I want to sell. I have never not
I have rental home that I want to sell. I have never not lived in the home since 2000. I would like to transfer the prop 13 to my current residence. Is that possible ? What options do I have. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,573 satisfied customers
I have a client who has bought a condo in Mass. She bought
I have a client who has bought a condo in Mass. She bought this back in 1992, for 60k, she held the mortgage. For some reason back then, she allowed her 2 friends, both who helped manage the property … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
Hi, How do I account for for taxpurposes a 2 family, property
Hi, How do I account for for taxpurposes a 2 family, property which my mother in law ,then in her mid 80's, transferred the ownership to her two daughters (50/50) in 2003, they rented 1 apt the other … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,971 satisfied customers
Hello again: Id like to somewhat understand the following
Hello again: I'd like to somewhat understand the following situation. Mother (88) yrs old quit claimed for $10 land to her daughter about 1 year ago. Daughter is just hold the land; however she did ju… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
Capital Gain tax, I inherited a condo by right of suviorship.
Capital Gain tax, I inherited a condo by right of suviorship. It was worth 125000.00 at that time, I spend 6K on improvements, paid taxes on it, paid the monthly maintenance on it, and the assesments.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
An elderly woman goes into an Assisted Living Care Facility.
An elderly woman goes into an Assisted Living Care Facility. She is 85+ years old. There has been no provision for a Living Will, Trust or any other provision for what happens to her Real Estate shoul… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My Mother is 74, lives in New Jersey and owns a rental property
My Mother is 74, lives in New Jersey and owns a rental property in Florida. She wants to sell this property, since SS benefits are not enought to cover all expenses. Will she have to pay capital gain … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
my mother-in-law has a home that she lives in with one of her
my mother-in-law has a home that she lives in with one of her daughters. The house is worth probably $300,000 - there has been talk that the daughter living with her wants to have mother sign over the… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,971 satisfied customers
In 2003 my father quick claim deeded his home to my sister
In 2003 my father quick claim deeded his home to my sister and I. He died in 2004 and my mother continued to live in the house. The house is in contract and my mother is moving to an apartment. The ho… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Parent bought house in 1975 for $21,500. Father died in 1996
Parent bought house in 1975 for $21,500. Father died in 1996 - house assessed for $61,000. Mother added daughter to title in 2004. Mother died in Dec 2007. House sold in 2009 for $140,000 (current ass… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
Daughter received real property as a JTWROS from her ...
Daughter received real property as a JTWROS from her father. WHen does she pay capital gains on the property? Does she lose the stepped up basis on his part when she goes to sell it. Does she pay full… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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

5,118 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

298 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,818 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,665 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