Explore the 1,000’s of tax questions answered by professionals.

Basically I'm selling my house at the end of November, and in the cellar I have an expensive home theater, .... ... read on

I bought 80 acres of agricultural land with an old house and a few outbuildings 20 years ago for $32,000. .... ... read on

My spouse died in 2004 and owed the IRS for back taxes. I've paid my own taxes but my .... ... read on

I inherited a house from my deceased father that is now in my name, but the mortgage is still in .... ... read on

Section 163 allows deduction for interest paid or accrued. Can I deduct mortgage interest accrued this year but not paid .... ... read on

I purchased my first residence for $130,000 in 1996 and then converted it into a rental property from 2004 until .... ... read on

If I cash out an insurance policy, will I have a tax liability? ... read on

Can my wife and I both open a roth ira and contribute $6,000 each since we're both older than 50 .... ... read on

I want to withdraw funds from my 401k to pay my medical bills. How much is the early withdrawal fee .... ... read on

I'm an international Taiwanese student with an F1 Visa in Illinois. Recently I've sold 50 books on Amazon for $3,000. .... ... read on