Investors & Landlords Tax Forum Q&A

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

by on Latest post by

11 Replies 50966 Views

11 Replies

50966 Views

How can I deduct AirBnB expenses if under 15 days rented

by on Latest post on by

5 Replies 2210 Views

5 Replies

2210 Views

1099-NEC for rents?

by on Latest post on by

3 Replies 1974 Views

3 Replies

1974 Views

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

by on Latest post on by

1 Reply 4623 Views

1 Reply

4623 Views

Basic Turbotax

by on Latest post on by

3 Replies 6774 Views

3 Replies

6774 Views

Trade date v settlement date IRS rules

by on Latest post on by

10 Replies 17648 Views

10 Replies

17648 Views

Long Term Capital Gain Tax

by on Latest post on by

1 Reply 14089 Views

1 Reply

14089 Views

Download TAX Data from Fidelity fails (again)

by on Latest post on by

3 Replies 3168 Views

3 Replies

3168 Views

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

by on Latest post on by

3 Replies 2557 Views

3 Replies

2557 Views

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

by on Latest post on by

1 Reply 685 Views

1 Reply

685 Views

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

by Latest post on by

6 Replies 2766 Views

6 Replies

2766 Views

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?

by on Latest post on by

1 Reply 720 Views

1 Reply

720 Views

Reporting Property Installment Sales in Turbo Tax 2023 Desktop

by on Latest post on by

2 Replies 1583 Views

2 Replies

1583 Views

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

by on Latest post on by

2 Replies 939 Views

2 Replies

939 Views

1116 foreign tax credit comp wks error

by on Latest post on by

1 Reply 623 Views

1 Reply

623 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?

by on Latest post on by

4 Replies 2176 Views

4 Replies

2176 Views

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

by on Latest post on by

3 Replies 7607 Views

3 Replies

7607 Views

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

by on Latest post on by

1 Reply 766 Views

1 Reply

766 Views

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

by on Latest post on by

3 Replies 2179 Views

3 Replies

2179 Views

Divorce and Rental Income

by Latest post on by

5 Replies 3396 Views

5 Replies

3396 Views

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

by Latest post on by

5 Replies 5285 Views

5 Replies

5285 Views

How to report renovation and sale of rental property

by Latest post on by

1 Reply 632 Views

1 Reply

632 Views

sale of a 2nd house

by on Latest post on by

4 Replies 1971 Views

4 Replies

1971 Views

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?

by on Latest post on by

8 Replies 6679 Views

8 Replies

6679 Views

Capital Gains and Losses shows different value in Turbotax 2020

by on Latest post on by

1 Reply 905 Views

1 Reply

905 Views

Taxes with Robinhood

by on Latest post on by

1 Reply 854 Views

1 Reply

854 Views

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

by on Latest post on by

6 Replies 54617 Views

6 Replies

54617 Views

Does 2020 TurboTax Basic Import 1099s?

by on Latest post on by

7 Replies 3172 Views

7 Replies

3172 Views

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

by on Latest post on by

1 Reply 993 Views

1 Reply

993 Views

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

by on Latest post on by

4 Replies 5553 Views

4 Replies

5553 Views

Early distributions on Roth IRA?

by on Latest post on by

3 Replies 1732 Views

3 Replies

1732 Views

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

by on Latest post on by

7 Replies 2826 Views

7 Replies

2826 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

by on Latest post on by

4 Replies 1858 Views

4 Replies

1858 Views

Confusion on treatment of long term capital gains

by on Latest post on by

1 Reply 899 Views

1 Reply

899 Views

TT tax calculation 2018 tax year

by on Latest post on by

4 Replies 1932 Views

4 Replies

1932 Views

Capital Account not adding correctly in TT Basic 2019

by on Latest post on by

2 Replies 1365 Views

2 Replies

1365 Views

2019 Form 8995 Loss carry forward and from 8582

by on Latest post on by

2 Replies 947 Views

2 Replies

947 Views

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?

by on Latest post on by

1 Reply 1112 Views

1 Reply

1112 Views

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

by on Latest post on by

1 Reply 1325 Views

1 Reply

1325 Views

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

by on Latest post on by

1 Reply 1362 Views

1 Reply

1362 Views

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

by on Latest post on by

1 Reply 1289 Views

1 Reply

1289 Views

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

by on Latest post on by

1 Reply 3481 Views

1 Reply

3481 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?

by on Latest post on by

1 Reply 1720 Views

1 Reply

1720 Views

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?

by on Latest post on by

7 Replies 6932 Views

7 Replies

6932 Views

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

by on Latest post on by

1 Reply 1608 Views

1 Reply

1608 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?

by on Latest post on by

1 Reply 1246 Views

1 Reply

1246 Views

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

by on Latest post on by

3 Replies 3438 Views

3 Replies

3438 Views

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

by on Latest post on by

6 Replies 2983 Views

6 Replies

2983 Views

Philadelphia pa school tax based on stock dividends and investments

by on Latest post on by

2 Replies 2566 Views

2 Replies

2566 Views

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

by on Latest post on by

1 Reply 1505 Views

1 Reply

1505 Views

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

by on Latest post on by

1 Reply 1211 Views

1 Reply

1211 Views

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

by on Latest post on by

1 Reply 1462 Views

1 Reply

1462 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?

by on Latest post on by

1 Reply 2268 Views

1 Reply

2268 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?

by on Latest post on by

1 Reply 1460 Views

1 Reply

1460 Views

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

by on Latest post on by

1 Reply 1029 Views

1 Reply

1029 Views

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

by on Latest post on by

5 Replies 2221 Views

5 Replies

2221 Views

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?

by on Latest post on by

1 Reply 1346 Views

1 Reply

1346 Views

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

by on Latest post on by

1 Reply 2987 Views

1 Reply

2987 Views

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

by on Latest post on by

1 Reply 1196 Views

1 Reply

1196 Views

Can I deduct the expenses of adding a room?

by on Latest post on by

2 Replies 1494 Views

2 Replies

1494 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?

by on Latest post on by

1 Reply 1638 Views

1 Reply

1638 Views

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

by on Latest post on by

1 Reply 958 Views

1 Reply

958 Views

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?

by on Latest post on by

1 Reply 1248 Views

1 Reply

1248 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?

by on Latest post on by

3 Replies 1589 Views

3 Replies

1589 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Basic Windows