Investors & Landlords Tax Forum Q&A

How do I enter stock sale with no cost basis or acquisition date?

by on Latest post on by

5 Replies 10369 Views

5 Replies

10369 Views

TT keeps changing rental from 27.5 to 40 years. I always used 27.5. Also TT changes depreciation amt from $2658 to $1700 and puts $958 in Adjustment preferences.

by on Latest post on by

11 Replies 3745 Views

11 Replies

3745 Views

RSU vested: both income and taxes already in W2

by on Latest post on by

11 Replies 19123 Views

11 Replies

19123 Views

My rental manager's 1099-MISC lists Box 1 "rents" and Box 3 "other income" covering expenses and late fees from the renter. TurboTax won't allow this. Where do I put it?

by on Latest post on by

7 Replies 5511 Views

7 Replies

5511 Views

Under the Safe Harbor Election for Small Taxpayers, does the term "the cost of all repairs, maintenance and improvements” include separately capitalized improvements?

by on Latest post on by

7 Replies 3186 Views

7 Replies

3186 Views

Mortgage interest deduction - Moved to new house in 2018 and converted previous house to rental property

by on Latest post on by

4 Replies 2053 Views

4 Replies

2053 Views

I sold rental property last year, what numbers should I fill in for the asset sales price and land sales price?

by on Latest post on by

9 Replies 14980 Views

9 Replies

14980 Views

Do I have to include copy of 1099-B with Form 8949 for LT noncovered transactions (Box E) that were entered as a summary rather than individually?

by on Latest post on by

19 Replies 18236 Views

19 Replies

18236 Views

Stock exercised one year and sold another tax implications

by on Latest post on by

11 Replies 4550 Views

11 Replies

4550 Views

On the schedule k1 how do i enter both short term and long term capital gains when buy date is various over two years and sale date is various or current year

by on Latest post on by

6 Replies 2897 Views

6 Replies

2897 Views

Rental property vacant when listed for sale

by on Latest post on by

8 Replies 5844 Views

8 Replies

5844 Views

I had 2 rentals, 1 with gain, 1 with passive loss. I occupied the 2nd. Can I use passive loss carryover from home I moved into to offset gain from rental or K1 income.

by on Latest post on by

3 Replies 1331 Views

3 Replies

1331 Views

How can I elect to depreciate my rental property using ADS depreciation as opposed to GDS?

by on Latest post on by

5 Replies 5373 Views

5 Replies

5373 Views

California resident: how to report Oregon rental property income?

by on Latest post on by

5 Replies 4454 Views

5 Replies

4454 Views

How do I determine my capital loss carryover from 2017 to 2018?

by on Latest post on by

6 Replies 9951 Views

6 Replies

9951 Views

1099-B has Date Acquired as “N/A” How do I enter that into TurboTax?

by on Latest post on by

12 Replies 11827 Views

12 Replies

11827 Views

How do i carry forward loss on sale of rental property

by on Latest post on by

3 Replies 2222 Views

3 Replies

2222 Views

Where do I enter mortgage fees for a new rental property. Also, where/how do I enter seller credits

by on Latest post on by

8 Replies 8254 Views

8 Replies

8254 Views

Are expenses associated from owning a rental property counted as separate from the standard deduction or are they included in the total for the standard deduction

by on Latest post on by

3 Replies 5476 Views

3 Replies

5476 Views

Did not sell assets in my rental but Turbo Tax marked them as sold

by on Latest post on by

3 Replies 1362 Views

3 Replies

1362 Views

Capital Gains calculations are wrong

by on Latest post on by

1 Reply 734 Views

1 Reply

734 Views

Hawaii non-resident state tax on rental income: how are rental expenses handled?

by on Latest post on by

1 Reply 823 Views

1 Reply

823 Views

I sold a rental property in 2016 and want to estimate what I should pay for taxes. How do I use my TY2015 Premier TT to run this computation?

by on Latest post on by

3 Replies 1605 Views

3 Replies

1605 Views

Claiming Savings Bond interest from dead beneficiary

by on Latest post on by

2 Replies 2125 Views

2 Replies

2125 Views

sold rental property for capital gain and have prior year carryover losses

by on Latest post on by

1 Reply 855 Views

1 Reply

855 Views

I flew to Arizona to work and rented a car. Are my airfare and rental car expenses deductible under business expenses or other deductible area

by on Latest post on by

1 Reply 1245 Views

1 Reply

1245 Views

How do you calculate depreciation for: a principal residence that rents itself out for the summer, then returns to principal residence for remainder of year?

by on Latest post on by

1 Reply 1243 Views

1 Reply

1243 Views

Rental property sold: what is my cost basis?

by on Latest post on by

1 Reply 2919 Views

1 Reply

2919 Views

Is a partial rental property considered as principal residence which enjoys tax exclusion

by on Latest post on by

6 Replies 8674 Views

6 Replies

8674 Views

We received a 1099-C in 2017 for cancellation of debt for a Rental Property that was sold in a Short Sale two years ago. How do I enter the debt amount for this on TT?

by on Latest post on by

1 Reply 1011 Views

1 Reply

1011 Views

Is income from a performing rights (BMI, ASCAP) the same as copyright royalties or do I need to file with business transactions?

by on Latest post on by

1 Reply 3338 Views

1 Reply

3338 Views

What is the proper treatment of seller rent back included in closing statement for purchasing a rental property?

by on Latest post on by

8 Replies 8000 Views

8 Replies

8000 Views

How to handle rental properties mortgage payments when rental properties are under the LLC (deeds have been transferred) but mortgage loan is under my personal name?

by on Latest post on by

2 Replies 4086 Views

2 Replies

4086 Views

Rental property depreciation: What asset category for a total electrical rewiring?

by on Latest post on by

1 Reply 11348 Views

1 Reply

11348 Views

In Apr2016 we sold our rental property. We had repair expenses in the 3 months prior to the sale—furnace replacement, etc. Should I enter these as rental expense or sale?

by on Latest post on by

1 Reply 873 Views

1 Reply

873 Views

How do I use LT capital loss carryover to offset capital gains on an Arizona 140NR Return?

by on Latest post on by

2 Replies 2177 Views

2 Replies

2177 Views

Two different answers on here regarding how to input Rental Property income/expenses. One says prorate, another says enter full amount. Which is correct?

by on Latest post on by

1 Reply 789 Views

1 Reply

789 Views

Purchased rental property in June 2016. TT asks "Were you the only owners of this property in 2016". Answer is "no", right?

by on Latest post on by

2 Replies 1226 Views

2 Replies

1226 Views

Can i deduct the 500.00 expenses for cleaning up the lot that I plan to put a rental trailer on in the future

by on Latest post on by

1 Reply 1017 Views

1 Reply

1017 Views

I lived in my home and in April 2016 leased it out. I put all the numbers in but it does not have anything in the depreciation column. why?

by on Latest post on by

1 Reply 686 Views

1 Reply

686 Views

Where do i enter 1099-div supplemental information from a restricted stock sale

by on Latest post on by

2 Replies 1784 Views

2 Replies

1784 Views

In 2015 we put vinyl siding on our personal home to prepare to rent it starting 6/1/16, can we depreciate this? We pay on a personal loan each month for the siding still.

by on Latest post on by

3 Replies 2461 Views

3 Replies

2461 Views

Question specific for Mac computer: I have rental property and Mac computer. Is there a version of TurboTax for rental property and farm expenses?

by on Latest post on by

2 Replies 1190 Views

2 Replies

1190 Views

My brokerage firm sold some stock, but I think they used the incorrect cost basis information (was incorrect when I transferred the stock). Is this easy to adjust?

by on Latest post on by

1 Reply 3237 Views

1 Reply

3237 Views

How do I enter expenses incurred for rental property

by on Latest post on by

1 Reply 1020 Views

1 Reply

1020 Views

How do I elect the ADS depreciation method instead of GDS depreciation on Form 4562?

by on Latest post on by

1 Reply 2044 Views

1 Reply

2044 Views

I received 1099DIV and 1099B from a deferred account for which I withdrew no money. Do I report this on my tax return and if so where?

by on Latest post on by

1 Reply 1246 Views

1 Reply

1246 Views

What is my cost basis on a return of capital on foreign ADR stock where 1099-B shows acquired and distributed the same date in the amount of $0.31?

by on Latest post on by

3 Replies 2264 Views

3 Replies

2264 Views

How do I report Equity Elevator Stock paid out after age 70?

by on Latest post on by

1 Reply 930 Views

1 Reply

930 Views

Sold Investment land and barn rental property

by on Latest post on by

4 Replies 1754 Views

4 Replies

1754 Views

Are suspended PAL's fully deductible when rental real estate property is sold at a loss?

by on Latest post on by

2 Replies 2203 Views

2 Replies

2203 Views

Where do I enter Lost Rent in Turbo Tax Premium?

by on Latest post on by

1 Reply 1262 Views

1 Reply

1262 Views

MAGI on Form 8962 is incorrectly not adding back my rental losses so I am getting a big PTC refund because Turbotax is showing my income below poverty level.

by on Latest post on by

1 Reply 1341 Views

1 Reply

1341 Views

Exercised and sold ISOs in same year; tax withheld by employer on portion; how do I capture this in the investment sales flow?

by on Latest post on by

3 Replies 2006 Views

3 Replies

2006 Views

Sold vacation home used for short term rentals for 20+ years. Accumulated losses were copied from Sched 1 to 1040, Line 6 reducing 2018 taxable income. Correct?

by on Latest post on by

1 Reply 895 Views

1 Reply

895 Views

My son turned 18 and his grand mother who lives abroad set up a bank account for him. Do I have to declare it in Form 8938?

by on Latest post on by

1 Reply 1057 Views

1 Reply

1057 Views

There is no place to enter rental real estate income or loss for 2018 from schedule k1 partnerships. All that is available is 2017. Where is 2018?

by on Latest post on by

2 Replies 1251 Views

2 Replies

1251 Views

TurboTax Premier 2018 Mac has a bug: the column headers when entering rental property expenses show the wrong years.

by on Latest post on by

3 Replies 1723 Views

3 Replies

1723 Views

Long term cap gains tax being taxed as short term gains?

by on Latest post on by

1 Reply 1349 Views

1 Reply

1349 Views

I sold my rental property in 2018, Can I deduct from sale price the closing costs that I paid for the buyer as a "sales expense" of the home sale? give ex of item

by on Latest post on by

6 Replies 4470 Views

6 Replies

4470 Views

For depreciation, which % should I use for the time used in business in 2018. Is it when you began renting (100%) or the entire year (~42%)?

by on Latest post on by

1 Reply 913 Views

1 Reply

913 Views

How do i enter a loss on the sale of rental home

by on Latest post on by

1 Reply 845 Views

1 Reply

845 Views

How do I enter former passive losses from a rental home converted back to use then sold. Ex. Primary residence converted to rental 2013 rented 2014 2015 then occupied 16.

by on Latest post on by

1 Reply 1050 Views

1 Reply

1050 Views

How do I claim home office deduction (simplified option) for rental property?

by on Latest post on by

1 Reply 912 Views

1 Reply

912 Views

With form 8453, what if I don't have the cost basis on my 1099B?

by on Latest post on by

1 Reply 824 Views

1 Reply

824 Views

Can I deduct any interest payments on a loan secured by stock holdings?

by on Latest post on by

1 Reply 2429 Views

1 Reply

2429 Views

Purchased rental condo in HI, managed by a rental pool. Recd 1009-misc with Rents (box 1) and Other income (box 3). TT won't allow both on same form.

by on Latest post on by

8 Replies 2748 Views

8 Replies

2748 Views

How do I claim the cost of a new A/C I put into my second home that is to be used as a rental. No income received during 2017

by on Latest post on by

2 Replies 1229 Views

2 Replies

1229 Views

Converted rental property of 6 years to personal residence, TT pop-up says 0 days are personal use, as long as it was rented out for 12+ months.Can I account for remodel?

by on Latest post on by

1 Reply 822 Views

1 Reply

822 Views

What are withholding requirements on sold rental property from feds and california sold in 2017?

by on Latest post on by

4 Replies 1479 Views

4 Replies

1479 Views

How do I handle capital improvements for 2 family home,I live in one unit and rent the other. I claim 50% depreciation but what about new gutters or electric upgrade

by on Latest post on by

1 Reply 1161 Views

1 Reply

1161 Views

I have 2 1099 Misc forms one is for the oil & gas lease - Box 1 rent. The other is for the royalties from the oil and gas lease - Box 2, where do I enter these?

by on Latest post on by

1 Reply 1730 Views

1 Reply

1730 Views

I have rental property out of state, do I need to file a non-resident state form?

by on Latest post on by

2 Replies 2613 Views

2 Replies

2613 Views

I have rental income loss on Fed return. The property is in IL but I moved to GA on 7/1/18. How do I report/allocate this loss on my IL and GA state tax returns?

by on Latest post on by

1 Reply 854 Views

1 Reply

854 Views

Do you enter the total amount of property taxes on Schedule E when reporting AirBnB income

by on Latest post on by

1 Reply 1320 Views

1 Reply

1320 Views

How to Enter Code Q and adjstment amount on Form 8949

by on Latest post on by

2 Replies 1965 Views

2 Replies

1965 Views

1099B gives 2 acquired dates but stocks were sold from 5 buys. I have trade confirmations for cost basis. Can I enter total sale & total cost basis? Do I send any proof?

by on Latest post on by

5 Replies 2989 Views

5 Replies

2989 Views

I live in Massachusetts and own rental properties in new Hampshire. Do I need to file NH tax return for the rental income?

by on Latest post on by

1 Reply 3790 Views

1 Reply

3790 Views

In 2016 I converted my main home to rental property, then sold it in 2018 at a loss. Do I treat this as sale of my main home, sale of rental property, or both?

by on Latest post on by

1 Reply 1088 Views

1 Reply

1088 Views

Rental prop where is "Sale of Business Property" section to enter rental property that was not rented in 2017? How do I update cost basis due was primary residence prior?

by on Latest post on by

1 Reply 1083 Views

1 Reply

1083 Views

Home improvements while getting the property ready to rent and home not rented for 45 days after I moved out

by on Latest post on by

4 Replies 11119 Views

4 Replies

11119 Views

How and where do I enter option assignments a) the original short option transaction b) the purchase of the assigned stocks c) selling the stocks ?

by on Latest post on by

1 Reply 2883 Views

1 Reply

2883 Views

Are US Saving Bonds and their interest taxable if they were received as part of our inheritance?

by on Latest post on by

1 Reply 1775 Views

1 Reply

1775 Views

I assume the previous years boxes on the screen to “Enter Any Rental Income” should read 2017 and 2018 and not 2016 and 2017. This is on TurboTax Premier 2018

by on Latest post on by

1 Reply 763 Views

1 Reply

763 Views

Do I say that I have no home loans in the deductions & credits section if my only home was converted to rental propety and all mortgage data entered in rental section?

by on Latest post on by

1 Reply 940 Views

1 Reply

940 Views

When entering purchase date for a rental property (converted from personal use), do I use the original purchase date, or the date my husband died and my basis stepped-up?

by on Latest post on by

1 Reply 1388 Views

1 Reply

1388 Views

Should I amend the tax to include a not-for-profit rental 51% of FMV? No deductions claimed. Brother with lease occupied newly build in-law unit that cost $85K to build.

by on Latest post on by

7 Replies 3829 Views

7 Replies

3829 Views

How much capital gains tax do I owe to Michigan if I moved mid-year?

by on Latest post on by

1 Reply 1629 Views

1 Reply

1629 Views

Sold covered & noncovered shares of mutual fund, cost method: average cost. Don’t know specific noncovered shares sold. How fill out “date acquired” on form 8949?"

by on Latest post on by

2 Replies 2073 Views

2 Replies

2073 Views

I have large capital gains for 2018 because of a stock merger sale. Is there any way to defer or sprread the tax burden of that involuntary event?

by on Latest post on by

1 Reply 972 Views

1 Reply

972 Views

I have two homes I converted to rental properties are the consider at risk

by on Latest post on by

1 Reply 1143 Views

1 Reply

1143 Views

How to report RSU sell to cover if have not sold any RSUs myself?

by on Latest post on by

5 Replies 5954 Views

5 Replies

5954 Views

I own a rental property that has leased solar panels on the property. Am I allowed to deduct the monthly lease payment for the panels as an expense?

by on Latest post on by

1 Reply 3931 Views

1 Reply

3931 Views

How do I correct one of my rental property's address?

by on Latest post on by

1 Reply 1567 Views

1 Reply

1567 Views

Question on depreciation - I had a 30 year mortgage loan on early 200s, then refinanced for 15 in 2012, and turned it into a rental in 2013. Do I need to update/change?

by on Latest post on by

1 Reply 959 Views

1 Reply

959 Views

Where do i enter interest paid on rental property sold, the property was sold in 2014, so the property is no longer in my rental property list

by on Latest post on by

1 Reply 986 Views

1 Reply

986 Views

When my rental home was vacated by the tenants, I did some plumbing & painting repairs as well as replacing old carpet with ceramic tile. Where do I enter this?

by on Latest post on by

1 Reply 1138 Views

1 Reply

1138 Views

Own two houses, one categorized as investment property. Allowing my son's family to use it, no rent. How do I report this?

by on Latest post on by

1 Reply 1440 Views

1 Reply

1440 Views

TT 2018 (Premier) Bug: wrong previous and current year column labels. Column labels need to be updated to "2017" and "2018" in (at least) Rental Property expenses.

by on Latest post on by

1 Reply 1023 Views

1 Reply

1023 Views

Can I switch what rental property I deduct mortgage interest on?

by on Latest post on by

6 Replies 2492 Views

6 Replies

2492 Views

Have Condo purchased in 1999 and remodeled in 2017. Converted to rental 4/1/18. I am confused as to where to record the remodel costs.

by on Latest post on by

1 Reply 738 Views

1 Reply

738 Views

Is a new storage shed for a rental a captial improvement?

by on Latest post on by

3 Replies 2699 Views

3 Replies

2699 Views

Primary home convert to rental, have extensive repair expenses but not yet rental income for the tax year

by on Latest post on by

8 Replies 3118 Views

8 Replies

3118 Views

How to file jointly when each one of us have our own capital loss carryover?

by on Latest post on by

1 Reply 1429 Views

1 Reply

1429 Views

Rental condo was purchased in 2015. Worked on it for 2 years. Never stayed there. Put in in service in 2017. Can I add 2015 and 2016 depreciation to 2017 tax return?

by on Latest post on by

1 Reply 910 Views

1 Reply

910 Views

We lived in a home from 1/18 to 6/18. The house was available to rent in July, but no tenants moved in during 2018. What is our Days Rented at a fair market price ____?

by on Latest post on by

1 Reply 1614 Views

1 Reply

1614 Views

If we sell our rental property at a loss can we deduct the loss?

by on Latest post on by

2 Replies 1098 Views

2 Replies

1098 Views

Live in NC but have rental property in az, in what state do I pay taxes on the income?

by on Latest post on by

1 Reply 999 Views

1 Reply

999 Views

I rent out 1 room in my home. When entering utility exp, do I apportion the amt? EG: room is 20% of home sqft, all utilities are $2K. Do I only enter $400 as utility exp?

by on Latest post on by

1 Reply 1473 Views

1 Reply

1473 Views

Married filing separately how do I report joint investment accounts and rental property? Live in NC so not a common property state. Thanks.

by on Latest post on by

5 Replies 7426 Views

5 Replies

7426 Views

Purchased rental mid Dec. Paid Dec HOA+prop taxes in closing costs. Rented 15 days but management co. paid me mid Jan. Can I deduct HOA + taxes for Dec on 2018 taxes?

by on Latest post on by

2 Replies 1363 Views

2 Replies

1363 Views

Where to enter Section 199A Dividends which were listed on my 1099DIV line 5 ?

by on Latest post on by

1 Reply 2998 Views

1 Reply

2998 Views

Why does TurboTax calculate depreciation on my rental house and then enter zero on Schedule E?

by on Latest post on by

4 Replies 1919 Views

4 Replies

1919 Views

Is this qualified business income? New question under the asset Rental Summary section, assets depreciation.

by on Latest post on by

6 Replies 2191 Views

6 Replies

2191 Views

How can I report my cryptocurrency trading? My version does not have cryptocurrency report

by on Latest post on by

1 Reply 1130 Views

1 Reply

1130 Views

Unsure of how to calculate basis for DVMT shares exchanged in Dell's DVMT buyout 12/18. Is my DVMT basis FMV ($47.20) or is it dependent on original basis of EMC shares?

by on Latest post on by

1 Reply 1817 Views

1 Reply

1817 Views

Utility expenses does not have 2018 year for rental property .. when will the software show 2018?

by on Latest post on by

1 Reply 921 Views

1 Reply

921 Views

I received a 1099 R for my ESOP manditory distibution to STOCK, where to I enter that. it’s not been cashed out.

by on Latest post on by

13 Replies 4383 Views

13 Replies

4383 Views

I sold stock and reinvested 100% through a different brokerage account. How do I record this (assuming I don't have to pay tax)?

by on Latest post on by

2 Replies 1227 Views

2 Replies

1227 Views

My second home was vacant and I decided to convert it into rental. I renovated the house with new interior, paint etc. However I couldn't rent, can I deduct the expense?

by on Latest post on by

1 Reply 853 Views

1 Reply

853 Views

What is the "Date placed in service" for a newly purchased rental that needed extensive remodeling prior to putting it on the rental market?

by on Latest post on by

1 Reply 3448 Views

1 Reply

3448 Views

Do I (where do I) put suspended losses in TT Premier from a converted rental to primary in 2013 and sold in 2018 -TT keeps deleting the property since no activity?

by on Latest post on by

1 Reply 882 Views

1 Reply

882 Views

Sale of Rental Property. Improvements to same property (roof, hvac) were reported as repairs, not assets, in 2013. Can I add them as assets now? How calc depreciation?

by on Latest post on by

4 Replies 1826 Views

4 Replies

1826 Views

How do I determine cost basis for RSU/ESPP during cash/stock exchange acquisition?

by on Latest post on by

1 Reply 2066 Views

1 Reply

2066 Views

I need to add 2 more rental properties. The answers online are at least 2 years old & don’t work

by on Latest post on by

1 Reply 783 Views

1 Reply

783 Views

Turbo Tax for Rental Property LLC and Home Taxes

by on Latest post on by

3 Replies 3060 Views

3 Replies

3060 Views

Have Rental property:rent below market to family member. Premier calculates depreciation on property; under these circumstances tax code does not permit depreciation?

by on Latest post on by

1 Reply 971 Views

1 Reply

971 Views

Hello. I filed all of my cryptocurrencies (mainly losses, yikes). I added each individual trade, date, cost basis, etc.. Do I need to mail a copy of my 8949 to the IRS?

by on Latest post on by

1 Reply 1102 Views

1 Reply

1102 Views

Where do I deduct repair expenses (including mileage and M&IE) made after the renter moved out. The house will be sold in 2017.

by on Latest post on by

1 Reply 1107 Views

1 Reply

1107 Views

I received a 1099b that shows I sold stock but had taxes taken out of proceeds how do I enter it into turbo tax. Do I adjust the sales proceeds for the tax?

by on Latest post on by

3 Replies 991 Views

3 Replies

991 Views

DOES THE PREMIER SOFTWARE CALCULATE THE DIVIDEND, INTEREST AND CAPITAL GAIN/LOSS NUMBERS REQUIRED BY THE TAX FORM?

by on Latest post on by

1 Reply 592 Views

1 Reply

592 Views

I paid off my mortgage on a rental with savings, took a loan on home equity line of credit for the balance i owe. where do i enter the information.

by on Latest post on by

2 Replies 918 Views

2 Replies

918 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier Mac