Investors & Landlords Tax Forum Q&A

1099-NEC for rents?

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How to recognize 2024 renovation expenses on rental property before receiving rent in 2025

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1 Reply 3705 Views

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3705 Views

Basic Turbotax

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Trade date v settlement date IRS rules

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Long Term Capital Gain Tax

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1 Reply 13669 Views

1 Reply

13669 Views

Download TAX Data from Fidelity fails (again)

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3 Replies 2572 Views

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AirBnb: Revenue posted to my taxID - payments made to property manager

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3 Replies 1988 Views

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1988 Views

I'm being asked to enter a "QBI At Risk Op Loss" for my photography business. Can someone tell me what this is?

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1 Reply 372 Views

1 Reply

372 Views

How do I calculate the US Government interest for 1099-DIV?

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6 Replies 1758 Views

6 Replies

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I sold a rental but did not rent it out in 2023. When enter this info, it tells me to remove the property and doesn't allow me to enter the sale info. What do I do?

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1 Reply 464 Views

1 Reply

464 Views

Reporting Property Installment Sales in Turbo Tax 2023 Desktop

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2 Replies 918 Views

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Why aren't my expenses saving on my rental property?

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2 Replies 605 Views

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1116 foreign tax credit comp wks error

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1 Reply 462 Views

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462 Views

I am trying to calculate the cost basis for a mutual fund held for 55 years by my wife and her ex-husband and nobody knows the amount of the original investment. Advice?

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4 Replies 1559 Views

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1099-B Non-covered Securities with Undetermined Holding Period - Unsure how to imput

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3 Replies 5239 Views

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I got a K-1 with box 16 checked indicating there is a k-3. but K-3 is not available. How can I file this without K-3

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1 Reply 412 Views

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412 Views

Can a widowed spouse receive the step-up basis and tax-free capital gains on a sale of a home?

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3 Replies 1448 Views

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Divorce and Rental Income

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5 Replies 2224 Views

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2224 Views

De Minimis Safe Harbor depreciation -- IRS Form 4562 instructions Say Nothing

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How to report renovation and sale of rental property

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1 Reply 446 Views

1 Reply

446 Views

sale of a 2nd house

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4 Replies 1477 Views

4 Replies

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I am a resident of Illinois, but owns a rental property in Washington DC. The rental income is my only source of income. Which state return should I file?

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8 Replies 5462 Views

8 Replies

5462 Views

Capital Gains and Losses shows different value in Turbotax 2020

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1 Reply 611 Views

1 Reply

611 Views

Taxes with Robinhood

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1 Reply 478 Views

1 Reply

478 Views

Which version of TurboTax do I really need for rental property?

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6 Replies 43729 Views

6 Replies

43729 Views

Does 2020 TurboTax Basic Import 1099s?

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7 Replies 2500 Views

7 Replies

2500 Views

How to file taxes if the stock ticker symbol change due to merger ?

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1 Reply 578 Views

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578 Views

Can i report my rental income and mortgage in schedule E and claim standard deduction still. or should i only take itemized deduction

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4 Replies 4324 Views

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Early distributions on Roth IRA?

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Paying penalties on early distributions of already-taxed Roth IRA contributions

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7 Replies 2162 Views

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How do I fill out Tax form 4797 after sale of a rental property?

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9 Replies 44955 Views

9 Replies

44955 Views

Info sharing: I'm attempting to file a simple return for my kids who are under 10 years old. The walk through questions do not have this option

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4 Replies 1384 Views

4 Replies

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Confusion on treatment of long term capital gains

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1 Reply 549 Views

1 Reply

549 Views

TT tax calculation 2018 tax year

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4 Replies 1498 Views

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1498 Views

Capital Account not adding correctly in TT Basic 2019

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2 Replies 1068 Views

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1068 Views

2019 Form 8995 Loss carry forward and from 8582

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2 Replies 688 Views

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Wife & I 50-50 on 3 rental prop. Our rental inc tax has always been the same.But in 18, TT is giving me different amounts - claiming extra CCA for her, not me. Why?

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1 Reply 848 Views

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848 Views

Which version of turbo tax do i need to depreciate a portion of my house that I rent out?

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1 Reply 970 Views

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Can I report a small, long-term stock sale loss in 2016 on my 2017 return?

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1 Reply 1094 Views

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New costmoer, what version of turbo tax do I need? have a K 1, rental income & sole business owner

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1 Reply 1067 Views

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1067 Views

What edition should i buy to file my Robinhood (Investment Loss), W-2Form, 1095-A form?

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1 Reply 2913 Views

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2913 Views

I pay the mortgage on a house that is not in my name on the deed/statements. Can I claim it as rent in Michigan without the owner having to claim payment as income?

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What is the fair way to divide sale of parents home put in our 5 names 15 yrs ago? A few siblings are in higher tax bracket but want tax paid first then divide equal?

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7 Replies 5675 Views

7 Replies

5675 Views

Can I deduct the rent my wife pays while I'm overseas with the military?

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1 Reply 1263 Views

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1263 Views

Got bonds as a gift when I was a toddler. Sold them all this year, no idea of donor cost basis. What do I enter?

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1 Reply 1016 Views

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How do I file (federal.)rental income on a boat slip? Slip is in a different state than I live in.

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3 Replies 2820 Views

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Why is my standard deduction, for married filing jointly, showing up as $26,600? I did not check the legally blind boxes.

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Philadelphia pa school tax based on stock dividends and investments

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2 Replies 1938 Views

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Does Turbo Tax Basic 2017 have step-by-step entry for investment income and land sales?

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1 Reply 1098 Views

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1098 Views

How can I reopen one of my rentals to add an expense?

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1 Reply 884 Views

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Why is Turbo showing rent received on a 1099-Misc separate from the rest of the rental income?

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1 Reply 1041 Views

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1041 Views

I'm a CA resident; my husband is a MT resident; we own CA & MT rental properties; some a profit & some a loss; do we report half of the total net loss to CA & half to MT?

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1 Reply 1786 Views

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1786 Views

I've had to live outside/elsewhere since my house was gutted because of flooding from Hurricane Florence. How can I deduct the living expenses and storage expenses?

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1 Reply 1027 Views

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1027 Views

Should Coinbase sales be showing up under both Cryptocurrency AND Stocks, Mutual Funds, Bonds, Others?

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1 Reply 718 Views

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2018 I sold a lot of stock but software only credited $3000 of previous loss, not the full amount of $13,000

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5 Replies 1604 Views

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Can i rent my condo principal home to a friend while i stay with a family, in a return they only pay mortgage while i pay other stuff, should I claim rental credits?

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1 Reply 928 Views

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928 Views

I need help to file an amended return for the state of Missouri ( form #5674), to receive credit for "property tax rental".

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1 Reply 2542 Views

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2542 Views

Do I need to declare the interest on US saving bonds if it is an inhertance?

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1 Reply 957 Views

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Can I deduct the expenses of adding a room?

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2 Replies 1076 Views

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1076 Views

My father passed away in December 2016 but some of his savings accounts earned $900 in interest in 2017 before being distributed. How do I report this income to the IRS?

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1 Reply 1240 Views

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1240 Views

Can I carry over rental property losses from 2017 to 2018, I turned the rental property into my primary residence during 2017?

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1 Reply 729 Views

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I live in nevada (no state income tax) but i have a rental in california (that does have a income tax) can turbotax do that? what package would i need?

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1 Reply 1022 Views

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1022 Views

2005:2 Sisters co-purchased SFH for $150. 2007:1 moves out; 1 stays(never rented). 2019:pending sale $450. Can live in exclude $250 CG? Legal to gift $10 to each nephew?

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3 Replies 1216 Views

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