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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2 Replies

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Can i report minor children's(college age UGMA account) long term gains on my tax return and offset those gains with losses from my portfolio??

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3 Replies 735 Views

3 Replies

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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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Depreciation year sold

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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 2594 Views

5 Replies

2594 Views

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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7 Replies 1963 Views

7 Replies

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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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1 Reply 538 Views

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Where do I file a 1099-s for land sold? I have read all your questions and answers

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1 Reply 713 Views

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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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11 Replies 1555 Views

11 Replies

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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 4282 Views

4 Replies

4282 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 390 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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1 Reply 342 Views

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342 Views

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 350 Views

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350 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 554 Views

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554 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 683 Views

3 Replies

683 Views

I have a personal loss carry forward from stock sales. This year I have created an LLC which has generated profits. Can my loss carry forward offset my LLC gains?

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3 Replies 713 Views

3 Replies

713 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 530 Views

3 Replies

530 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 2724 Views

5 Replies

2724 Views

If I can't determine FMV of private stock I inherited in 1996, how do I determine what to pay in taxes?

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1 Reply 618 Views

1 Reply

618 Views

I began renting my home on July 1st 2016. On schedule E box 9,12,16, put amounts for the time rented? Or the whole year?

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1 Reply

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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 report minor children's(college age UGMA account) long term gains on my tax return and offset those gains with losses from my portfolio??

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?

Depreciation year sold

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?

Where do I file a 1099-s for land sold? I have read all your questions and answers

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?

I have a personal loss carry forward from stock sales. This year I have created an LLC which has generated profits. Can my loss carry forward offset my LLC gains?

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?

If I can't determine FMV of private stock I inherited in 1996, how do I determine what to pay in taxes?

I began renting my home on July 1st 2016. On schedule E box 9,12,16, put amounts for the time rented? Or the whole year?

Do you have a TurboTax Online account?

Topics with Label: TurboTax Deluxe iOS