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 1099R from a life insurance policy that i cashed
i have a 1099R from a life insurance policy that i cashed out and the taxable amount (2a) is blank and the (2b) taxable amount not determined is checked. how do i determine what the taxable amount is?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
13 April 2018 11:42 I have a Form 1099-R reporting the
13 April 2018 11:42 I have a Form 1099-R reporting the amount I received, the $29,370.01 from my "Gross Distribution" from my "pensions, Annuities, Retirement, or Profit-Sharing Plan", IRAs, Insurance… read more
Bill
Bill
Master's Degree
3,161 satisfied customers
I have 1099- from Rosenthal line 9 shows unrealized loss of
I have 1099-B from Rosenthal Collins line 9 shows unrealized loss of $19000.00 do I report this on 1040 Schedule F. Your advice would appreciated.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I am trying to figure out if our health care premiums are
I am trying to figure out if our health care premiums are taken out pre or post taxes. The gross amount on my husbands 1099-R is roughly the same as the taxable amount ($300 difference, as opposed to the $15,000 or so that we paid in premiums). His retirement is from Calpers, but they said they cannot answer the question. We itemize, but I am not certain about the pre/post payment. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Good Evening, I am preparing a tax return where the taxpayer
Good Evening, I am preparing a tax return where the taxpayer received a living stipend of $17,000 with no tax form given just a deposit into their checking account, how do I report it? I have research… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,720 satisfied customers
I have accelerated death benefits, I am the insured and the
I have accelerated death benefits, I am the insured and the policy holder however my wife is the one that is terminal is this taxable… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
I am aware that income on the 1099R goes on line 8 Other Income,
I am aware that income on the 1099R goes on line 8 Other Income, on the Form 1041 however I need to know if either the GROSS DISTRIBUTION on Line 1 or Taxable Amount on Line 2a is reported on Line 8 1… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,720 satisfied customers
What support documentation do I need to submit with my 1040
What support documentation do I need to submit with my 1040 form to justify that the value of line 16b is $0? I received a 1099-R from Jackson National Life Insurance Co. Inc. I took a cash withdrawal… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,326 satisfied customers
I hold duel citizenship in Canada and the US. I have a US life
I hold duel citizenship in Canada and the US. I have a US life insurance that I wish to surrender for cash. I file US taxes but I don't pay any taxes to the US but I do pay to Canada. Will I be oblige… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
In 1985 I converted 6 fully paid up life insurance policies
In 1985 I converted 6 fully paid up life insurance policies into 1 larger policy. Recently, because of medical (cancer) reasons I cashed-out the larger policy. Question 1: Will I get a 1099 from the i… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
Intuit The IRS is questioning my 2008 Return, as follows Retirement
Intuit: The IRS is questioning my 2008 Return, as follows: Retirement Taxable Income: 1040 line: 15a agrees exactly with IRS numbers. line: 15b (taxable amount) is software reduced by $7480 ... the qu… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
I inherited some Mutual funds and Iras from my mothers estate,
I inherited some Mutual funds and Ira's from my mothers estate, I cashed out the IRA'S and the Mutual funds, none were ROTH IRA's. Is the income I received from these cashed out accounts considered in… read more
Bill
Bill
Master's Degree
3,161 satisfied customers
On what line on the Form 1041 Scedule K-1 would the Fiduciary
On what line on the Form 1041 Scedule K-1 would the Fiduciary report an IRA distribution that was payable to the Estate of the Decedent? I am assuming that it is line 14.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
I have a client in the following situation and not sure which
I have a client in the following situation and not sure which way to turn. Below is what is going on. Several years ago the clients purchased a joint NQ annuity . The purchase was a 1035 exchange from… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
Are life insurance distributions taxable My husband received
Are life insurance distributions taxable? My husband received a check for $10,352 from his late mother's life insurance company. We received a form 1099-R from the insurance company, which says the gr… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
I received a 1099-r from Thrivent Financial for Lutherans.
I received a 1099-r from Thrivent Financial for Lutherans. Over 20 years ago I received less than $1k and ended my policy with them. Now in 2008 I get a 1099-r saying I have gross distribution of $19K… read more
Bill
Bill
Master's Degree
3,161 satisfied customers
Question regarding tax and divorce decree judgement
In my divorce decree it states I am to have the proceeds of a universal life policy. It was never given to me and my ex cashed it out and spent the money (none of the money was ever in my posession). … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,815 satisfied customers
I inherited money from a realtives Insurance/IRA after her
Customer Each beneficiary should have received a 1099-R showing their portion. As far as the incorrect amount in 2a, is the "taxable amount not determined" box in 2b also checked? If so, do not worry … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 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