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 an AB trust set up by my late husband and myself,
I have an AB trust set up by my late husband and myself, which was created in January 1998. My husband passed away in May 1998, so currently the B trust holds our investment property. From what I unde… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,871 satisfied customers
1996: Two brothers took deed (50% /50%) to their moms houses
1996 : Two brothers took deed (50% /50%) to their moms houses via a Gift (filed Fed form 709). they were each residential houses 1-2 family2018: they sell one of the homes and realize a capital gain. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
My mother passed 1/6/17. I am an only child and successor
My mother passed 1/6/17. I am an only child and successor trustee to the family trust and the exemption trust. I sold the property in May of 2017. The property that was sold was in the exemption trust… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
I am preparing the form 8949, to report the estate's
I am preparing the form 8949, to report the estate's fractional share of a real estate sale. I have some questions regarding the preparation of the form.1. Part ii, 1(b) asks for the date acquired - i… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
I have a question about basis for depreciation and cost
i have a question about basis for depreciation and cost basis for property i received as a beneficary of a qprt… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,202 satisfied customers
Is there a way , other than a 1031 exchange, to avoid or
is there a way , other than a 1031 exchange, to avoid or minimize capital gains tax on a property sale with 0 bass and a 400k mortgage? it has been suggested I amke a charitable donation with an artif… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,808 satisfied customers
Louise, who died in January 2011, was survived by her husband,
Louise, who died in January 2011, was survived by her husband, Larry. Louise's gross estate was equal to $6,000,000 on the date of death. When Louise died, Louise and Larry owned an undeveloped parcel… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
I have a client whos father left his land/farm to his 3 children
I have a client who's father left his land/farm to his 3 children and their step-mother. The land, home, furnishings and equipment was left to his wife in a life estate. The wife passed in may 2011 an… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
I have two questions related to my parents estate Both my
I have two questions related to my parent's estate: Both my parents passed away last year leaving a home in their name. My brother and I are the sole heirs of the estate. Unfortunately, it took 7 mont… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
A while back I read somewhere that a federal tax law passed
A while back I read somewhere that a federal tax law passed in 2002 ? allowed the TAX BASIS of a business property to be increased to the FAIR MARKET VALUE if the property was owned in that year. Can … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
My dad just died and left me his estate which basically consists
My dad just died and left me his estate which basically consists of a house and nothing else. Before he died, he left two differnet legal instruments regarding his estate. He left a will leaving the h… read more
Chad Oberg
Chad Oberg
Director
Bachelor's Degree
174 satisfied customers
I inherited a home in montana with a life estate attached
I inherited a home in montana with a "life estate" attached to it for my aunt. I could not do anything with the home as long as she lived there. When she passed away, I sold the home. My question, sin… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
I inherited a resort property (rental) that was fully depreciated
I inherited a resort property (rental) that was fully depreciated by my mother. Can I depreciate the property again based on the value at the time of inheritance?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
If someone leaves shares in property investment company to
If someone leaves shares in property investment company to their wife on death and she immediately gifts these to her kids, what base cost will be used for CGT purposes as this is a gift to connected … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
What basis should be used for figuring capital gains taxes ...
What basis should be used for figuring capital gains taxes when selling real estate acquired by transfer on death? The price when bought by the original owner (now deceased) or the fair price value at… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
My father died in l974. In his will he left 1/3 of his ...
My father died in l974. In his will he left 1/3 of his estate to mother and 2/3 to us five daughters. His will also gave mother life estate in our 2/3 and the five of us would only inherit if we outli… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,641 satisfied customers
My mothere passed away, leaving me her house. I am the ...
My mothere passed away, leaving me her house. I am the only heir. Not living with mom or in the same city, and because she did not leave a will, the probate process took almost a year, just this year … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
how do I determine FMV of personal real property ...
how do I determine FMV of personal real property distroyed in hurricane if there was not a market to compare to. Optional Information: Creole, Louisiana… 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

5,914 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

673 satisfied customers

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

Loren

Loren

Attorney

555 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

21,808 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