Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
My dad owned a home, in 2010 he did a quick claim deed and
My dad owned a home, in 2010 he did a quick claim deed and added me to the deed on the house. He then bought his own house and I lived at the current house.. We have recently sold the home. I took all… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am about to sell my house and I am trying to avoid paying
I am about to sell my house and I am trying to avoid paying capital gains taxes. I have lived in the house for 4 years, 3 of them I rented the house on a land contract, the last months I purchased the… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,380 satisfied customers
Taxing the trust when selling a home. Changing the deed to
Taxing the trust when selling a home. Changing the deed to the trustee is an option according to the title company because the maker of the trust passed 30 years ago. My question is: With the deed cha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,969 satisfied customers
I HAVE A HOUSE IN IT IS MY SON'S HOUSE SO IF I DO A QUICK
Second opinion] I HAVE A HOUSE IN MY NAME BUT IT IS MY SON'S HOUSE SO IF I DO A QUICK CLAIMS DEED AND DEED IT OVER TO MY SON WILL HE HAVE TO PAY CAPITAL GINS TAX … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,193 satisfied customers
I HAVE A HOUSE IN IT IS MY SON'S HOUSE SO IF I DO A QUICK
I HAVE A HOUSE IN MY NAME BUT IT IS MY SON'S HOUSE SO IF I DO A QUICK CLAIMS DEED AND DEED IT OVER TO MY SON WILL HE HAVE TO PAY CAPITAL GINS TAX … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
My daughter and I are selling a rental house in California
My daughter and I are selling a rental house in California and purchase another rental in Texas. We are hoping to avoid the capital gains, but an intermediary is not an option as I do not plan on bein… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,193 satisfied customers
In 2007 my father put my name on a Warranty Deed. The gist
In 2007 my father put my name on a Warranty Deed. The gist of how it reads is as follows............... This warrany deed made on this 27th day of September, 2007 by (his name) ( Grantor reserves Life… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am in the process of selling my house, and there will be
I am in the process of selling my house, and there will be Capital Gains. I'm concerned about changes in the Capital Gains Rate that might take effect next year because of the Fiscal Cliff negotiation… read more
Richard
Richard
Tax Attorney
Doctoral Degree
6,039 satisfied customers
If I buy a house for $125,000 and sell it for $95,000, on a
If I buy a house for $125,000 and sell it for $95,000, on a contract for deed to the mother of my son which we have never been married, what is the tax results? I will not live in this new house. She,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,969 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
If I am selling a family home that I purchased in 1976 for
If I am selling a family home that I purchased in 1976 for $40,000 for a selling price of $173400.00 would I have to pay capital gains taxes, and if so how much if my annual income is $175k?… read more
Bill
Bill
Master's Degree
3,255 satisfied customers
My mom transferred her property to me November, 2007 -- quit
My mom transferred her property to me November, 2007 -- quit claim deed--$10.00 & love and affection. The house belonged to she and my Dad (he passed away in 1974). My Dad purchased the house in 1968.… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Is it not true that if you sell a house for the first time
Is it not true that if you sell a house for the first time you do not need to claim any monies on your taxes; however if you sign a quick claim deed over to a sibling and then she gives you some of th… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
My dad placed my name on the deed of his home when he ...
My dad placed my name on the deed of his home when he became ill. It was a gift grand deed. After he died I sold the house. Do I have to pay taxes on the 99,000?… read more
The Guy Behind the Tree
The Guy Behind the Tree
Master's Degree
906 satisfied customers
my parents signed over their house with a quick claim deed ...
my parents signed over their house with a quick claim deed to my brother and i. they have since died and we are selling the property. the accountant says the capital gains tax changed in 1/03 and we w… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
How do I go about gifting my home to someone, other ...
How do I go about gifting my home to someone, other than family? Does the title need to be transferred? How?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,969 satisfied customers
In January 2006 my father passed away. The month ...
In January 2006 my father passed away. The month before, he quick claimed deed the house to his kids so the house would not go to probate court. We sold it for $93000 minus closing costs and real esta… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
im going to buy a second home(B). im going to lease ...
im going to buy a second home(B). im going to lease the first(A). If the lease tenents fix the house and then sell the house how much capital gains tax do i pay. I bought the house for $95,000, I owe … read more
GARY ELLIS
GARY ELLIS
Tax professional
Bachelor Degree
74 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

6,039 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

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

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 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