Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I lost my home to foreclosure in 2015 I am making my $500
I lost my home to foreclosure in 2015 I am making my $500 installments every year and have been since I got the credit in 2008 I just assumed I had to continue to pay but I was informed that if you lo… read more
Anne
Anne
Master Tax Preparer
2,580 satisfied customers
I am selling a 1 bedroom condo apartment unit. term gain.
I am selling a 1 bedroom condo apartment unit. Long term gain. Can my sellers payments at closing all be considered marketing costs thus reducing the capital gain or even creating a tax loss? Signific… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,096 satisfied customers
If you receive a 1099-A and the balance of the principal
If you receive a 1099-A and the balance of the principal outstanding and FMV of the property are the same does anything need to get reported when filing form 1040?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,127 satisfied customers
TAX LAW: Taxpayer filed Chapter 7 bankruptcy in 2015.
TAX LAW: Taxpayer filed Chapter 7 bankruptcy in 2015. Mortgage company foreclosed on the home in 2016 and provided the taxpayer with form 1099-A. How is this data entered on their 1040 tax return? Blo… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,257 satisfied customers
Have questions on reporting and treatment of casualty loss
Have questions on reporting and treatment of casualty loss resulting from damage to taxpayer principal residence… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,096 satisfied customers
Corporate Defendant's agent defrauded client of 200,000
Corporate Defendant's agent defrauded client of 200,000 Judge award client his actual loss, corporate Defendant filed 1099 for the $200,000. What does client do to avoid audit?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,257 satisfied customers
On 5/1/2003 Our oldest son, along with my wife and myself as
On 5/1/2003 Our oldest son, along with my wife and myself as co-borrowers, purchased a house for him to live in at a purchase price of $47,500.00. My wife and I did not live in the house; it was not o… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,743 satisfied customers
Claim and arrangement between buyer and seller disclosed to
Claim and arrangement between buyer and seller disclosed to Lender and Insurer Couple short sold home. Before buyer bought home there was vandalism (police report). Buyer and seller made deal that sel… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,096 satisfied customers
Does the IRS impute income where Taxpayer:(1) buys land
Does the IRS impute income where Taxpayer: (1) buys land for $45,000, holds land for 10 years, then sells land for $2,700,000 in a no-money-down deal, taking back a $2.7 million purchase money mortgag… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,096 satisfied customers
How do I do the calculations on Form 593-E? I have all the
How do I do the calculations on Form 593-E? I have all the figures. Line 1 Selling Price = 510,000.00 Line 4 Purchase Price = 782,789.55 Line 10 Cost Of Additions = 38,300.00 Line 12 Total increases =… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
I had a condo rental property that was owned in joint title
I had a condo rental property that was owned in joint title with my ex-wife. It was short sold on 10.14.11. I have received a 1099-S in the amount of $125,000, the sale price of the property. My ex-wi… read more
Ellen
Ellen
Attorney
Doctoral Degree
75 satisfied customers
In 2008 we paid $289,900 for an investment/second home condo.
In 2008 we paid $289,900 for an investment/second home condo. Paid 10% down. We believe the lender, Wells Fargo, the seller and selling agent, committed fraud by failing to disclose deed restrictions … read more
socrateaser
socrateaser
1,516 satisfied customers
My wife & I filed chap7 in 2010. We FINALLY sold our previous
My wife & I filed chap7 in 2010. We FINALLY sold our previous residence (a condo) via a short-sale the following Aug of 2011. I suppose the forgiven amt was ~$45K. When we filed, we were 99% certain t… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
In 2009 my rental condo was foreclosed upon by the HOA subject
In 2009 my rental condo was foreclosed upon by the HOA subject to the existing financing by BofA. Title passed on 9/1/2009 to the HOA. Seeing that I do not own the property,maintain it, have access to… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
I bought a defaulted mortgage directly from Seacoast Bank in
I bought a defaulted mortgage directly from Seacoast Bank in florida for 50% of principle. I will go thru summary judgement/auction and own the property. The bank told me that I am only liable for HOA… read more
Ellen
Ellen
Attorney
Doctoral Degree
75 satisfied customers
I will be relocating to Southern CA permanently and am in need
I will be relocating to Southern CA permanently and am in need of advice of options to pursue regarding my condo in Walnut Creek, CA. Monthly condo expense is $2K (Mortgage is 30 yr fixed at 5.75% or … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Had a fraud loss on a purchase of a rental condo of $140K.
Had a fraud loss on a purchase of a rental condo of $140K. Paid full amount for unit, money supposedly went into construction of unit, never got title to unit and property was forclosed by bank. Was t… read more
Anne
Anne
Master Tax Preparer
2,580 satisfied customers
I bought an investment condo in 2005 for $500,000 and 10% down.
I bought an investment condo in 2005 for $500,000 and 10% down. I am unable to make payments and it is in foreclosure. When the bank eventually sells the condo (for about $200,000) will I have a tax l… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 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