Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Good evenin Lane, I have a client that bought a house last
Good evenin Lane, I have a client that bought a house last year and rented out one of their room to a person and received some rental income. Would I need to go through allocating that portion of the … read more
Carter McBride
Carter McBride
LLM
4,411 satisfied customers
Are you familiar with home depreciation? We rented 1 room of
we rented 1 room of our home but stopped last year excuse me 2017 … read more
taxmanrog
taxmanrog
Master's Degree
1,896 satisfied customers
I was widowed 3 years ago. we moved into the house May of
I was widowed 3 years ago. we moved into the house May of 2014. I rented a room for 15 months of the last 4 years. I just sold my house. Will the 15 months that I rented it affect my taxes? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,734 satisfied customers
I have a 2700 square foot 5 bedroom house and last year
Hi. I have a 2700 square foot 5 bedroom house and last year rented two bedrooms to two roommates. They each pay $300 rent and a three-way split of the utilities. I actually didn't have a contract on t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
I am a certified family home provider for my adult disabled
I am a certified family home provider for my adult disabled son. I have to charge him room and board per the CFH agreement. What can I use as deductions against the tax liability for the room and boar… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,280 satisfied customers
In this house which I sold last year I had 2 rooms rented to
In this house which I sold last year I had 2 rooms rented to tenants. My wife and me we moved out about 6 months before the house was sold. Within this time I had to drive a lot to this house for main… read more
kcox79
kcox79
38 satisfied customers
After my mom died and there was no longer sharing monthly
After my mom died and there was no longer sharing monthly expenses, I rented out the downstairs of my townhouse to meet expenses. Do I have to claim her as income? How is this different from sharing a… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
922 satisfied customers
I have a few roommates in my house where I live. Rather than
I have a few roommates in my house where I live. Rather than calculating spaces occupied by them, depreciating that much portion of the house, deducting associated utility usage cost, If I just figure… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
21,900 satisfied customers
If you have a 3 family home which is partially rented and
If you have a 3 family home which is partially rented and partially your residence and you have lived there the last 10 years, do you get full $500k exclusion as a married couple when sold or does it … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
My employer sent me this letter: "Please note that on the
My employer sent me this letter: "Please note that on the W-2 form issued by the Yupiit School District for calendar year 2014, included in box 1 are the Gross taxable Wages, the full amount of salary… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
I own my home, and I have a housemate. The last two years,
I own my home, and I have a housemate. The last two years, I have filed my taxes to reflect the rental income, and, have taken depreciation on an appropriate percentage of the house. I would like to N… read more
Anne
Anne
Master Tax Preparer
2,581 satisfied customers
I've been trying to complete my 2013 but am stuck on figuring
I've been trying to complete my 2013 but am stuck on figuring out my rental income/expenses. I've been trying to get help from the online support for the software program I use but they can't give me … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,746 satisfied customers
My son has been incarcerated since July 2011 and will be
My son has been incarcerated since July 2011 and will be until 2014 and we just got his taxes done and he owes $7300.00. What are our options?… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
774 satisfied customers
I AM RENTING A ROOM IN MY HOUSE TO MY ADULT DAUGHTER. I INCLUDE
I AM RENTING A ROOM IN MY HOUSE TO MY ADULT DAUGHTER. I INCLUDE FOOD AND ALL UTILITIES FOR THE $600 SHE PAYS. I ASSUME I HAVE TO CLAIM THIS AS RENTAL INCOME. WHAT CAN I INCLUDE AS EXPENSES FOR DEDUCTI… read more
Lev
Lev
Tax Advisor
44,566 satisfied customers
My question involves converting my house, in which I rented
My question involves converting my house, in which I rented out a room, completely into a rental. I purchased the house 5 years ago and rented out two room while I lived there as well. On my taxes, I … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,555 satisfied customers
Ive been renting a room in my house to a housemate for last
I've been renting a room in my house to a housemate for last year and this year. I've reported it, and done all the "depreciation" stuff as necessary. But, I'm not going to rent out the room any longe… read more
Jacy
Jacy
Bachelor's Degree
567 satisfied customers
If I sell my house, I am not sure if I meet the 24 month use
If I sell my house, I am not sure if I meet the 24 month use test for the capital gain exemption. The details on my residence over the last 5 years are below. Please advise which periods count towards… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I work for a company that requires me to work out of my ...
I work for a company that requires me to work out of my house full-time. I will make $85k this year and my home office is about 30% of my house sq ft. What all can I deduct. Is this on the schedule A … read more
Lev
Lev
Tax Advisor
44,566 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