Investors & Landlords Tax Forum Q&A

I own a two family house and plan to convert to condos. What are the tax rules if I sell my unit, move to the rental, live there for two years and then sell it?

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Can I submit a single summary 1099 Div entry for several holdings in a brokerage account or do I have to enter data for each holding?

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Must I report a deposit made in 2018 for a week's rental of my vacation home in 2019 on my 2018 return, or can I report it on my 2019 return?

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5 Replies

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How do I enter tax free dividends, what form?

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EMPLOYEE STOCK OWNERSHIP PLAN (ESOP). Sold all shares upon termination. How report 1099B gain if paid over 10 years?

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If insurance pays under Coverage D-ALE/Loss of Use for lost rental income after a hurricane, how is that handled on my taxes?

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My ex & I sold a rental property at a technical loss, but got back 21k cash. I gave him 6k to pay back the remainder of a 10k loan from his mother. How do I claim this?

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Can my adult son to live in my 2nd home (has no mortgage) and pay "rent" to cover insurance and property taxes without claiming the "rent" as income? What can I deduct?

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4 Replies 6844 Views

4 Replies

6844 Views

I have DeLuxe but I may have misunderstood the product. I have dividends, capital gains, capital losses. Will I be prompted to upgrade?

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1 Reply 908 Views

1 Reply

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My husband and I rent an apartment as our "home". Are we able to claim the School Property Tax Credit based on our rent?

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2017 error: Rental property incorrectly shows $22,044 in revenue; should be $20,400. Net loss would have been $1644 more. Worth fixing on our CA and federal returns?

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1 Reply 845 Views

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845 Views

For a rental property S corp owned with siblings, the K-1 has a number in Box 17 with code X, which is for "Unadjusted Basis." Where do I enter this in Turbo Tax?

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1 Reply 978 Views

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978 Views

I live in mass and sold 19k on eBay not as a business. Some stuff was never used and some of it was used, do I have to report it as income? Why?

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3 Replies 1396 Views

3 Replies

1396 Views

Can I get a separate appraisal for loss of value to landscaping and claim that loss on a rental property damaged during Hurricane Florence?

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3 Replies 1224 Views

3 Replies

1224 Views

Co. merged, I rec'd cash, but no stocks. 1099-B has "Loss not allowed(X), not reported(Z); Loss of $1K+ (Proceed(1d) vs Cost). Do I report as loss? How?

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5 Replies 5168 Views

5 Replies

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Topics with Label: TurboTax Deluxe iOS

I own a two family house and plan to convert to condos. What are the tax rules if I sell my unit, move to the rental, live there for two years and then sell it?

Can I submit a single summary 1099 Div entry for several holdings in a brokerage account or do I have to enter data for each holding?

Must I report a deposit made in 2018 for a week's rental of my vacation home in 2019 on my 2018 return, or can I report it on my 2019 return?

How do I enter tax free dividends, what form?

EMPLOYEE STOCK OWNERSHIP PLAN (ESOP). Sold all shares upon termination. How report 1099B gain if paid over 10 years?

If insurance pays under Coverage D-ALE/Loss of Use for lost rental income after a hurricane, how is that handled on my taxes?

My ex & I sold a rental property at a technical loss, but got back 21k cash. I gave him 6k to pay back the remainder of a 10k loan from his mother. How do I claim this?

Can my adult son to live in my 2nd home (has no mortgage) and pay "rent" to cover insurance and property taxes without claiming the "rent" as income? What can I deduct?

I have DeLuxe but I may have misunderstood the product. I have dividends, capital gains, capital losses. Will I be prompted to upgrade?

My husband and I rent an apartment as our "home". Are we able to claim the School Property Tax Credit based on our rent?

2017 error: Rental property incorrectly shows $22,044 in revenue; should be $20,400. Net loss would have been $1644 more. Worth fixing on our CA and federal returns?

For a rental property S corp owned with siblings, the K-1 has a number in Box 17 with code X, which is for "Unadjusted Basis." Where do I enter this in Turbo Tax?

I live in mass and sold 19k on eBay not as a business. Some stuff was never used and some of it was used, do I have to report it as income? Why?

Can I get a separate appraisal for loss of value to landscaping and claim that loss on a rental property damaged during Hurricane Florence?

Co. merged, I rec'd cash, but no stocks. 1099-B has "Loss not allowed(X), not reported(Z); Loss of $1K+ (Proceed(1d) vs Cost). Do I report as loss? How?

Do you have a TurboTax Online account?

Topics with Label: TurboTax Deluxe iOS