Investors & Landlords Tax Forum Q&A

I sold a rental property in New Hampshire, do I owe any tax? buisness profit or Business Enterprise Tax???

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How do I Adjust Tax Exempt Dividends for Vanguard Muni-Bonds for State Tax?

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What are the tax implications of selling a rental property that I fully depreciated?

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I own two houses both bought prior to 2017. In February I moved from one to the other. I received one month rent on one and 11 on the other. How do I account for this?

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I would like to by motor homes (class c rv) and live in their full time renting a camp ground so can I claim the camp ground renting for my deductible yearly tax . ?

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My startup company got acquired last week. I’ll get ~ 300K (2017 taxable event). What are things I can / should do to limit my tax hit? (Gifts, other?)

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What is the best way to find the land value of a rental property i just sold (both when I bought and when I sold). Appraisal? Town records?

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If I have passive income losses from a rental property in 2016 and then more losses in the 2017 before selling, do those losses offset gains on the 2017 house sale?

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We own a second home and rent it out for part of the year

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Does FMV after lost = FMV before lost minus the cost of repair/replacement?

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I am a sole proprietor - I have a car for personal use but want to rent a car for my business for the next several months. Leasing one after that. What is deductible?

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Buying furniture for rental property and travel to buy property? Write off?

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We inherited rental property and sold last month. Can we pay capital gains tax now or should we wait until we file in January?

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Can my wife and I use this platform (turbotax live) to file itemized, with rental properties, and an LLC as well?

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3 Replies 517 Views

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I'm currently paying rent and would like to know if I can claim the utilities I pay as well and where would I put them?

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2 Replies 495 Views

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I paid cash for a rental house and then borrowed against it to buy a second house. Then I did the same with the third house. Which house do I deduct the mortgages from?

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1 Reply 388 Views

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Do I enter depreciations under miscellaneous expenses

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8 Replies 1539 Views

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I rent out 2 rooms in my own house where i live so what type of rental is this ? that i should file?single family or mulit family ?

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1 Reply 965 Views

1 Reply

965 Views

Where do i find all the calculations for 2017 tax return . I need to see the depreciation calculation for my rental property .

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1 Reply 448 Views

1 Reply

448 Views

How do I find out what the fair market value is for my rental property? Is that what it is worth, or what the average rent is?

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3 Replies 3759 Views

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After TurboTax pulled all data including rental data from 2016 return I had started working on my 2017 return. I accidentally deleted rental data from the 2017 return.

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3 Replies 901 Views

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I selected that my Rental Property was eligible for the QBI Deduction. Now I realise that was incorrect - but I can't figure out to turn QBI off.

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1 Reply 548 Views

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548 Views

I used my personal car on trips to do maintenance on a rental property, which I just sold. Do I need to repay some of the prior deductions I took for the car?

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Topics with Label: TurboTax Basic Online

I sold a rental property in New Hampshire, do I owe any tax? buisness profit or Business Enterprise Tax???

How do I Adjust Tax Exempt Dividends for Vanguard Muni-Bonds for State Tax?

What are the tax implications of selling a rental property that I fully depreciated?

I own two houses both bought prior to 2017. In February I moved from one to the other. I received one month rent on one and 11 on the other. How do I account for this?

I would like to by motor homes (class c rv) and live in their full time renting a camp ground so can I claim the camp ground renting for my deductible yearly tax . ?

My startup company got acquired last week. I’ll get ~ 300K (2017 taxable event). What are things I can / should do to limit my tax hit? (Gifts, other?)

What is the best way to find the land value of a rental property i just sold (both when I bought and when I sold). Appraisal? Town records?

If I have passive income losses from a rental property in 2016 and then more losses in the 2017 before selling, do those losses offset gains on the 2017 house sale?

We own a second home and rent it out for part of the year

Does FMV after lost = FMV before lost minus the cost of repair/replacement?

I am a sole proprietor - I have a car for personal use but want to rent a car for my business for the next several months. Leasing one after that. What is deductible?

Buying furniture for rental property and travel to buy property? Write off?

We inherited rental property and sold last month. Can we pay capital gains tax now or should we wait until we file in January?

Can my wife and I use this platform (turbotax live) to file itemized, with rental properties, and an LLC as well?

I'm currently paying rent and would like to know if I can claim the utilities I pay as well and where would I put them?

I paid cash for a rental house and then borrowed against it to buy a second house. Then I did the same with the third house. Which house do I deduct the mortgages from?

Do I enter depreciations under miscellaneous expenses

I rent out 2 rooms in my own house where i live so what type of rental is this ? that i should file?single family or mulit family ?

Where do i find all the calculations for 2017 tax return . I need to see the depreciation calculation for my rental property .

How do I find out what the fair market value is for my rental property? Is that what it is worth, or what the average rent is?

After TurboTax pulled all data including rental data from 2016 return I had started working on my 2017 return. I accidentally deleted rental data from the 2017 return.

I selected that my Rental Property was eligible for the QBI Deduction. Now I realise that was incorrect - but I can't figure out to turn QBI off.

I used my personal car on trips to do maintenance on a rental property, which I just sold. Do I need to repay some of the prior deductions I took for the car?

Do you have a TurboTax Online account?

Topics with Label: TurboTax Basic Online