Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Tax question: A partner took out a loan from Partnership A
Tax question:A partner took out a loan from Partnership A to finance Partnership B. Partnership A issue a mortgage statement Form 1098 in box 1. The Form 1098 was issued to his personal name. How shou… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
My Daughter was unemployed part of 2016 and received help
My Daughter was unemployed part of 2016 and received help from Florida State Housing Finance Agency. She has received forms 1098 and form 1098-ma I don't know what form should I use and were to report… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,865 satisfied customers
My mom had home equity lines from Bank of America in 2007.
My mom had home equity lines from Bank of America in 2007. It had 2 loans. #1- $200,000 # 2- $100,000. In 2008 the Deed of the house was transferred to me. Only the deed. The home equity loans were st… read more
Shan-Nel Simmons
Shan-Nel Simmons
Tax Professional/Owner
Master's Degree
44 satisfied customers
In September of 2013 I reaffirmed my mortgage that I was approximately
In September of 2013 I reaffirmed my mortgage that I was approximately two plus years behind on. Bayview Loan Servicing LLC set up a new payment plan and this was based on my outstanding principle, ba… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,160 satisfied customers
I have a client that had their house foreclosed on in 2013.
I have a client that had their house foreclosed on in 2013. They had made no payments but have received a 1098 for a large sum of mortgage interest. The house loan was about $750,000. This amount of i… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,865 satisfied customers
I have a client who holds a mortgage on a house that they sold.
I have a client who holds a mortgage on a house that they sold. They want a Form prepared to give to the borrower to indicate the amount of mortgage interest paid for the the year. Please advise what … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,666 satisfied customers
I am a non-resident alien on a F1 visa. I graduated with a
I am a non-resident alien on a F1 visa. I graduated with a masters degree from an accredited university in 2013. I have taken a student loan from my home country, India solely to pay the tuition fees.… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,885 satisfied customers
I have been approved for a mortgage loan modification. My
I have been approved for a mortgage loan modification. My lender Back of America is refusing to issue me a correct mortgage interest statement for 2012. I received a form with 0 interest indicated. I … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
I got a divorce this last year and in the divorce papers it
I got a divorce this last year and in the divorce papers it said we would file single and separately. We owned a house, which I gave to him in the divorce. My name was on the mortgage until November 2… read more
Jesse Handel
Jesse Handel
Tax Preparer and Chemist
Bachelor's Degree
161 satisfied customers
TAX REPORTING AND DEDUCTIONS ON A MORTGAGE ARRANGEMENT BETWEEN
TAX REPORTING AND DEDUCTIONS ON A MORTGAGE ARRANGEMENT BETWEEN FAMILY MEMBERS In 2011, I loaned my adult son money to purchase a home. The funds for the loan were provided through my brokerage using m… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
I have a client who rents an apartment but owns a large RV,
I have a client who rents an apartment but owns a large RV, which they travel back and forth to Florida alot, they have a condo in Florida as well. We took the interest on the condo as well as the int… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,885 satisfied customers
My wife and I files tax 2009 separate, She files Itemized deduction
My wife and I files tax 2009 separate, She files Itemized deduction included Mortgage deductible, I file standard deduction. the problem is Mortgage document just show my SS number on, not my wife, ev… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
For Income tax purposes, can my partner and I (who share a
For Income tax purposes, can my partner and I (who share a joint bank account, all income and expenses, and have our home Title in the name of our Revocable Living Trust) arbitrarily set the percentag… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Does a co-borrower on a HELOC get to deduct the interest paid
Does a co-borrower on a HELOC get to deduct the interest paid on the HELOC as an itemized deduction if he lives in the home but is not an owner of the home, (his name is XXXXX XXXXX the title) but his… read more
Dave Z
Dave Z
Self-Employed
Bachelor
418 satisfied customers
I did a streamline refinance this year. I bought my house
I did a streamline refinance this year. I bought my house in 2007. On my loan settlement PMI is added to it. Can I deduct that amount on my taxes. I did get my 1098 from the loan provider but this is … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
My father is taking out a home equity line of credit from ...
My father is taking out a home equity line of credit from Bank Of America for 50,000.00 amortized over 25 years at 8.14% interest with payments of 392.00 a month. He is then going to loan me the money… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,801 satisfied customers
We made the payments to the bank for a house when we took ...
We made the payments to the bank for a house when we took over the property from the previous owner. We are on title but not on the mortgage. Can we take the interest deductions for the amount we paid… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
I bought a motorhome in 2006. Is the interest I pay ...
I bought a motorhome in 2006. Is the interest I pay on the loan tax deductable. If so, where do I document this. Also, is the sales tax deductable as well along with license and registration fees and … read more
Tammy F.
Tammy F.
Freelance Writer and Editor, Animal Resc
4,438 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

5,764 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

626 satisfied customers

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

Loren

Loren

Attorney

372 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

20,865 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,666 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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