Investors & Landlords Tax Forum Q&A

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

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How can I deduct AirBnB expenses if under 15 days rented

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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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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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Download TAX Data from Fidelity fails (again)

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

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

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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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Reporting Property Installment Sales in Turbo Tax 2023 Desktop

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

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1116 foreign tax credit comp wks error

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

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

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Divorce and Rental Income

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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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sale of a 2nd house

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4 Replies 1989 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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Capital Gains and Losses shows different value in Turbotax 2020

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1 Reply 913 Views

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Taxes with Robinhood

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

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6 Replies 55395 Views

6 Replies

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Does 2020 TurboTax Basic Import 1099s?

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

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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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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

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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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Confusion on treatment of long term capital gains

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TT tax calculation 2018 tax year

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Capital Account not adding correctly in TT Basic 2019

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2019 Form 8995 Loss carry forward and from 8582

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

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

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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 1302 Views

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

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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

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

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

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

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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 1482 Views

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

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

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Can I deduct the expenses of adding a room?

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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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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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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 1262 Views

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1262 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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