Investors & Landlords Tax Forum Q&A

Can passive loss carryover be used to reduce capital gain?

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18 Replies

22805 Views

After a reverse stock split where fractional shares are rounded up (no CIL payment is offered), how do I account for the value of the received fractional share?

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3 Replies 2106 Views

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2106 Views

Is the "state id where exempt interest earned" on the 1099-OID worksheet, the state where the bond is issued or your residence state?

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2 Replies 2450 Views

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I received a 1099-k from Airbnb for 6 properties I own. How do I divide the amount on schedule Es line income from 1099-k? TT links it all to one only.

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1821 Views

How to allocate 100% of rent reduction to myself for the Massachusetts tax return?

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2 Replies 722 Views

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My mother died on December 24, 2017. I sold some of her mutual funds on December 28, 2017 for a capital loss. Can this loss be used in her 2017 income tax return.

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Did I make an error in 2008? Was issued a stock certificate when rolling over a 401(k). Sat on it for 10 years. In 2017 stock was delisted and bought out. Can I deduct?

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3 Replies 685 Views

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Why does my Rental Property Sale appear under Sale of Business Property? The sale was entered under "Sale of Property/Depreciation" in Rental Properties & Royalties.

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2 Replies 612 Views

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612 Views

I have tax with held when RSUs vested in 2017. The full vest value (share*price) is in W2 but I can see where the credit for with held tax is included?

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1 Reply 667 Views

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667 Views

Is Annuity interest taxable?

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784 Views

Where to I report mutual fund capital gains on turbotax delux

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1 Reply 1568 Views

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1568 Views

I sold my vacation rental in 2018 which had Suspended PAL. After expenses/gains from the sale, I have a net 1040 loss. Can I carry back/fwd to offset income or cap gain?

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1 Reply 352 Views

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352 Views

When calculating the cost basis for stock, can you use both the commission to purchase the stock and the commission to sell the stock?

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3 Replies 577 Views

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577 Views

My investment account had a loss at the end of 2018. do i report this? how and where?

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1 Reply 452 Views

1 Reply

452 Views

My sister was joint tenant on several common stocks; Mom died in 2017 and 1099-DIV are still using Mom's SSN; how do we handle reporting dividends on tax return.

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1 Reply 387 Views

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387 Views

My wife receives 50% of music royalities from her deceased brother's music business. They come to use on 1099 misc forms. Where should they be entered in TurboTax?

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1 Reply 495 Views

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495 Views

ISO stocks exercised and held last year. Why after filling out them in turbotax app tax dues went up a lot?

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4 Replies 743 Views

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743 Views

How do I add remodeling expense to the cost basis of a rental home. where do I enter it on the form

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1 Reply 1611 Views

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1611 Views

I rented house for 49 days, used for 8 days. Get "Days personal should not be more than 0. You indicated this is an owner-occupied rental property." Any ideas why?

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1 Reply 820 Views

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820 Views

How to claim property taxes on rental property?

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3 Replies 1717 Views

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1717 Views

How do I calculate "cost basis" for inherited Praxair stock that was merged with Linde PLC? It was not on the 1099-B. Would this be the value of the Praxair stock?

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1 Reply 974 Views

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974 Views

Is interest charged on debit balance deductible as investment interest expense? The debit balance was in my investment account; I had more than enough interest income.

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Should I depreciate cost of major electrical update to recently acquired residential rental property? and how to enter the data?

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3117 Views

Why do capital gains entered as "Box D" in an EasyStep summary not appear on form 8949?

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2 Replies 600 Views

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600 Views

PROPER DISPOSITION OF SELLING OF A MOBILE HOME THAT WAS RENTED IN 2016 AND SOLD IN 2017.

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6 Replies 931 Views

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931 Views

I’M MARRIED FILING SEPERATELY. WE HAVE A HOUSE, BUT THE MORTGAGE IS UNDER HUSBAND’S NAME. WHAT DO I ENTER (A RENTER, HOMEOWNER) ON THE NJ HOUSING SITUATION SECTION?

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1 Reply 313 Views

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313 Views

I have a rental apartment because of my business, where do I write that off at

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1 Reply 535 Views

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535 Views

I am married and file "married filing separately" I own and rent out a condo. Are my condo expenses deductible?

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417 Views

How to report sale of rental house with adjacent vacant lot?

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1 Reply 439 Views

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439 Views

I am a resident of Pennsylvania. I receive a K-1 from an investment club. Can I file my state return electronically with Turbotax?

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Where do I find the amount of my 2019 capital gains carryover on my 2018 return?

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Can the cost of auto trading software for FOREX trading be subtracted from resulting gains and losses when reporting?

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Turbo tax limits the number of shares sold in a capital gains transaction. How do I circumvent this problem? I have just under 1 million shares

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1 Reply 352 Views

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352 Views

Do i have to report $4.00 interest from a savings account?

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1 Reply 746 Views

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746 Views

I'm closing a house as my primary residence, but it's rented until end of March. I will have to live on rental myself until the property is vacant. Anything to consider?

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5 Replies 2009 Views

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2009 Views

What version do I need to file a 1099-misc? I have over $10 in royalties, but no self employment expenses. Can I use TurboTax Deluxe download?

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1 Reply 454 Views

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454 Views

1099-Misc for patent royalty and no schedule C info

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1 Reply 714 Views

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I own a house that my son occupies full time. He pays all expenses. Do I need to claim this as a rental on my taxes?

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1 Reply 535 Views

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535 Views

I have credit from the Green Energy Consumers Alliance within Massachusetts for tax-deductible payments for rental green energy consumption in 2018. Where do I put this?

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Deducting rental costs

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1 Reply 650 Views

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650 Views

Fidelity 1099-Div indicates capital gains distribution for funds re-invested that I never touched. How can I adjust for that? Annual activity summary shows reinvested.

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1 Reply 424 Views

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Amount on 1099-G is higher than actual refund due to Oregon surplus credit ("kicker"); how do I report this?

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5 Replies 2407 Views

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2407 Views

Turbotax is not filling out Schedule E properly when I have a rental property and a separate royalty property for mineral rights. It is only showing one of the addresses

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1 Reply 546 Views

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546 Views

1099b sales of stocks and bonds. 1e, 1g, 2, 3, 4 are blank amount was for maintenance. how do I show that in turbotax on line 1e and the sale category

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575 Views

Where can I claim rent paid?

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942 Views

Where are capital gains reported on the new 1040?

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I rented our vacation home(time share with disney vacation club) for 7 days, but recieved a 1099misc from the rental company. Do I have to report or not?

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1 Reply 2599 Views

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2599 Views

Where is the entry that I just dowloaded a 1099 from my broker - I see the 1099-DIV and -INT both correctly filled in but when I go to "Stocks, etc" there is no entry?

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1 Reply 539 Views

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539 Views

How do I deduct craft making expenses with earnings reported on a 1099-misc? Where do I put those expenses in the 1040? This is not my career but a side enterprise.

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Can I use turbotax deluxe, If I didn't buy/sell any stocks /mutual funds in 2016, however, I've started taking mandatory IRA distribution and have carryover capital loss?

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1 Reply 888 Views

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888 Views

Does rent from disabled son who lives at home with parents need to be claimed as income? Is it treated like a rental with depreciation, etc.?

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1564 Views

I inherited a brokerage acct Sept 2016, w/ 30 stocks held since 1960's, worth $630K. (It hit $655K by end of year.) I have not taken a cent from it. How do I declare it?

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3 Replies 624 Views

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624 Views

I had a stock that had a 1 for 10 reverse split with an original cost basis of $6894 for 180 shares. What is my new cost basis for the 18 shares I subsequently owned?

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Last year the Deluxe version supported stock sales and rental real estate. Does the 2016 Deluxe version provide those features this year?

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293 Views

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