Investors & Landlords Tax Forum Q&A

How much do you pay in capital gains in Kentucky?

by Latest post by

1 Reply 810 Views

1 Reply

810 Views

How do I report gains and pay taxes when trading through a prop firm as an independent contractor?

by on Latest post on by

1 Reply 1276 Views

1 Reply

1276 Views

My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

by on Latest post on by

2 Replies 1712 Views

2 Replies

1712 Views

I do not owe anything for the Ameritrade account. They didn’t even send me a form. Why do I have to worry about it?

by on Latest post on by

1 Reply 361 Views

1 Reply

361 Views

Can I deduct rent I paid on my daughter's college apartment if my name is on the lease, too?

by on Latest post on by

1 Reply 1162 Views

1 Reply

1162 Views

Can I use our cow, lamb, goat and pigs we raised as a deduction on taxes?

by on Latest post on by

4 Replies 508 Views

4 Replies

508 Views

I have entered that I was paying rent although it has auto added a CRP from previous years and am I not able to remove it

by on Latest post on by

1 Reply 171 Views

1 Reply

171 Views

Where do I enter the data for selling mineral rights?

by on Latest post on by

1 Reply 355 Views

1 Reply

355 Views

I purchased a home in June 2024 and moved in July 2024. I have not yet been able to rent the first home in 2024. Can I deduct taxes and interest for the first home?

by on Latest post on by

1 Reply 1145 Views

1 Reply

1145 Views

I received a payment of 7 cents from a royalty. I never cashed the check.

by on Latest post on by

1 Reply 323 Views

1 Reply

323 Views

I received a payment of 7 cents from a royalty. I never cashed the check.

by on Latest post on by

1 Reply 238 Views

1 Reply

238 Views

I received a payment of 7 cents from a royalty. I never cashed the check.

by on

0 Replies 371 Views

0 Replies

371 Views

Where do I enter capital gains tax

by on Latest post on by

1 Reply 224 Views

1 Reply

224 Views

I received 16,000 as a beneficiary last Year. It came from my sons stock account And I did pay taxes of 3381. My question Is this taxable income?

by on Latest post on by

1 Reply 550 Views

1 Reply

550 Views

My grown son lives with me and does not pay part of the rent or living expenses. He receives disability each month. Can I claim him on my taxes

by on Latest post on by

1 Reply 511 Views

1 Reply

511 Views

can I deduct the rent I paid?

by on Latest post on by

1 Reply 292 Views

1 Reply

292 Views

i did not sell stock bonds or mutual funds. why does turbo tax think i did

by on

0 Replies 426 Views

0 Replies

426 Views

can we recapture investment loss from wages

by on Latest post on by

1 Reply 343 Views

1 Reply

343 Views

I live in an apartment and pay rent every month. Where do I find this on the form to claim my rent?

by on Latest post on by

1 Reply 553 Views

1 Reply

553 Views

Does anyone know how to calculate taxes and a Crypto ICO investment?

by on Latest post on by

3 Replies 844 Views

3 Replies

844 Views

If I cannot confirm securities (royalties, dividends, bonds, stocks, mutual funds) I found in new brokerage accounts but disclosures are from many previous years …?

by on Latest post on by

2 Replies 6977 Views

2 Replies

6977 Views

How toCarry over loss from stocks, I see the 2023 1040 missed picking up the loss from 2022 and 2021. How to carry over those losses?

by on Latest post on by

2 Replies 9560 Views

2 Replies

9560 Views

My storage unit was burglarized, and items were stolen that was worth thousands of dollars. Can I write this loss off on my taxes?

by on Latest post on by

1 Reply 7241 Views

1 Reply

7241 Views

Why did Turbo tax take 208 from my account

by on Latest post on by

2 Replies 4165 Views

2 Replies

4165 Views

If you rent/lease property that does not generate a profit or breaks even- is that something that is tax deductible?

by on Latest post on by

1 Reply 24960 Views

1 Reply

24960 Views

If the box want take my rent amount what can I do

by on Latest post on by

1 Reply 2450 Views

1 Reply

2450 Views

Can I report a loss from a scam I got caught up in?

by on Latest post on by

1 Reply 8644 Views

1 Reply

8644 Views

My spouse is an instructor at a school that is 2 1/2 hours away from our home so we he has been renting near his place of work. Can we deduct rent or other expenses ?

by on Latest post on by

1 Reply 3382 Views

1 Reply

3382 Views

How do i record stock transactions (test question please delete)

by on Latest post on by

1 Reply 1832 Views

1 Reply

1832 Views

Can you p lease walk me through how to check whether I paid stat taxes last year? and how much?

by on Latest post on by

2 Replies 965 Views

2 Replies

965 Views

Does my adult daughter live with me? She and her husband live on my property in a separate (guest) house I own. They pay a small amount of rent to me each month.

by on Latest post on by

1 Reply 3244 Views

1 Reply

3244 Views

I have a stock that was cashed out by the stock company at a loss

by on Latest post on by

1 Reply 835 Views

1 Reply

835 Views

We sold some ground so I have a 1099-s and i need to add that then i need to know what deductions we can use so we don't have to pay as much in capital gains?

by on

0 Replies 665 Views

0 Replies

665 Views

What and where do i find my carryover worksheet?

by on Latest post on by

1 Reply 702 Views

1 Reply

702 Views

I rent two rooms with my daughter at someone else's house. I pay for our food and rent. Would I be considered the head of the household?

by on Latest post on by

1 Reply 1079 Views

1 Reply

1079 Views

How do I report my mineral rights sale? And do I need to report it in the state the land was in as well?

by on Latest post on by

1 Reply 659 Views

1 Reply

659 Views

Do I pay taxes on a house I inherited but don't live in and am not renting?

by on Latest post on by

1 Reply 672 Views

1 Reply

672 Views

Should I claim supporting a person if they did not pay rent for 7 months?

by on Latest post on by

1 Reply 749 Views

1 Reply

749 Views

I bought a home 11/2023. I moved in 12/26/2023. I have a 1098 for my points paid. Can I deduct rent that I paid for a full year also

by on Latest post on by

1 Reply 707 Views

1 Reply

707 Views

Hi i would lile to file tax return for myself . I was wondery if i claim for my rent too as i am living on rental toom .

by on Latest post on by

1 Reply 312 Views

1 Reply

312 Views

I'm 70 years. my ssa is $ 27000/year, my job is $ 2929 as of 3/1/24 my stock $ 25000. If I withdrawal all the stock, will I have a large tax bill?

by on Latest post on by

1 Reply 493 Views

1 Reply

493 Views

Do I add each month of rent 800.00 times 12 months ?

by on Latest post on by

1 Reply 301 Views

1 Reply

301 Views

I’m trying to file my 2023 crp

by on Latest post on by

1 Reply 676 Views

1 Reply

676 Views

App implies I am finished with completing tax data. I haven’t. How do I return to imputing data pages including interest, dividends, capital gains, IRA distributions etc?

by on Latest post on by

1 Reply 485 Views

1 Reply

485 Views

How do I know how much turbo tax took from my taxes ?

by on Latest post on by

1 Reply 540 Views

1 Reply

540 Views

Can I deduct a loss I had from a Life Insurance investment?

by on Latest post on by

1 Reply 335 Views

1 Reply

335 Views

MN. onsite maintenance worker. Compensation was 3 bedroom rent credit . w2 for the additional hours, not for the work for rent credit. How do I file wages for rent credit

by on Latest post on by

1 Reply 430 Views

1 Reply

430 Views

Is there a place to put how much a person is paying in rent? I am the tenant.

by on Latest post on by

1 Reply 400 Views

1 Reply

400 Views

Can I remove the rent from my taxes and not claim it?

by on Latest post on by

1 Reply 358 Views

1 Reply

358 Views

When asking about real property tax relief credit, it ask about rent received being less then 20%. i did not receive any rental income. how do i answer the question?

by on Latest post on by

1 Reply 423 Views

1 Reply

423 Views

What do I put in the capital gains and loss screen under mine and my spouce..

by on Latest post on by

1 Reply 567 Views

1 Reply

567 Views

Need help with adding my rent amount

by on Latest post on by

1 Reply 563 Views

1 Reply

563 Views

I moved some funds from my company 401k into a Brokerage account to buy some individual stocks.. If I sell some of them for a lose can I use that on my taxes this year?

by on Latest post on by

6 Replies 2472 Views

6 Replies

2472 Views

I was a victim of cryptocurrency scam. Can I deduct the loss for my 2023 return ?

by on Latest post on by

1 Reply 994 Views

1 Reply

994 Views

Turbo tax is taking me through the ISO process but i don't have any incentive stock sales this year

by on Latest post on by

1 Reply 410 Views

1 Reply

410 Views

I have a rental property, do I really need TurboTax Live Premium at $219 for federal only? I have always used a Deluxe version for around $80. Thanks.

by on Latest post on by

3 Replies 1668 Views

3 Replies

1668 Views

Hello! If my dividends are used to buy company stock (not cash to me), do i have to pay taxes on that money?

by on Latest post on by

3 Replies 1948 Views

3 Replies

1948 Views

Where do I go to enter the loss of rental income for a part time home?

by on Latest post on by

2 Replies 790 Views

2 Replies

790 Views

How do I get renters documents from a rental agency that is closed now?

by on Latest post on by

1 Reply 390 Views

1 Reply

390 Views

I need to make changes on the dividend from stocks form. How do I do that?

by on Latest post on by

2 Replies 837 Views

2 Replies

837 Views

My boss didn’t report on my w2 the money for my rent

by on Latest post on by

3 Replies 1148 Views

3 Replies

1148 Views

For the RSU, I see my Charles Schwab equity account shows different share quantities from the individual account.

by on

0 Replies 262 Views

0 Replies

262 Views

I rented two rooms in my house for 50 nights during 2022. How and where do I input this income?

by on Latest post on by

2 Replies 659 Views

2 Replies

659 Views

How do you change the low income portion where it says "Total rent paid for this period"? It won't let me edit it, but I put "none of the above" in the area. What next?

by on Latest post on by

1 Reply 340 Views

1 Reply

340 Views

Can I write off the money I paid to buy into the restaurant I’ve been working at?

by on Latest post on by

1 Reply 393 Views

1 Reply

393 Views

About my 1099-b

by on Latest post on by

3 Replies 2152 Views

3 Replies

2152 Views

Hello, it's my first year renting an apartment, and I am confused whether the School Property Tax Credit applies to me?

by on Latest post on by

1 Reply 324 Views

1 Reply

324 Views

TD Ameritrade said I needed to take money from my investment account. They sent me the money. Does that mean interest?

by on Latest post on by

3 Replies 737 Views

3 Replies

737 Views

If I live with mother help little with rent and pay my car note and car insurance does that mean I support myself

by on Latest post on by

2 Replies 653 Views

2 Replies

653 Views

Can you enter your rent on your state tax?

by on Latest post on by

2 Replies 709 Views

2 Replies

709 Views

I work overseas for the DoD. I pay rent for a home in Belgium, but I receive LQA and am reimbursed for most of that rent. I can't claim that rent on taxes, correct

by on Latest post on by

1 Reply 948 Views

1 Reply

948 Views

I pay rent. Is this included in tax breaks or otherwise relevant info to my tax return?

by on Latest post on by

1 Reply 299 Views

1 Reply

299 Views

Can I claim hotels as rent? I stayed in hotels for a large portion of 2020 with no personal residence.

by on Latest post on by

11 Replies 7477 Views

11 Replies

7477 Views

Is a phd a master degree

by on Latest post on by

4 Replies 927 Views

4 Replies

927 Views

Where it asks to add the total qualified rent paid, does it mean the rent for the total year or the month?

by on Latest post on by

1 Reply 284 Views

1 Reply

284 Views

I am currently renting a home - I do not own. Do I need to enter any of this information?

by on Latest post on by

2 Replies 580 Views

2 Replies

580 Views

Does the low income property tax have the advance program like the Homestead?

by on Latest post on by

1 Reply 497 Views

1 Reply

497 Views

I do not have the ability to pay the entire amount of capital gains tax in one year may I spread it out over two years?

by on Latest post on by

3 Replies 884 Views

3 Replies

884 Views

If I gift $16k of stock this year to my daughter and she then sells the stock, what tax rate is used on the capital gain? Hers or mine? Thanks in advance!

by on Latest post on by

4 Replies 2770 Views

4 Replies

2770 Views

Form 4797: Did Improvements, sold rental property, What is the Gross Sales Price of Improvements?

by on Latest post on by

3 Replies 1387 Views

3 Replies

1387 Views

Do I owe taxes that accumulated in a mutual fund but does not pay income and not has not been sold?

by on Latest post on by

4 Replies 1396 Views

4 Replies

1396 Views

Why do I need to upgrade? I did not have capital gains or a losses schedule D

by on Latest post on by

2 Replies 804 Views

2 Replies

804 Views

Is paying my own rent the same as room and board?

by on Latest post on by

2 Replies 1483 Views

2 Replies

1483 Views

Do I have to claim unrealized gains? I have a brokerage account profit not realized, i did not take the cash out. do i claim that ?

by on Latest post on by

2 Replies 727 Views

2 Replies

727 Views

I do not pay rent or own a home but the state taxes are asking me about it and wanting me to enter landlord info. how can i get rid of that?

by on Latest post on by

3 Replies 886 Views

3 Replies

886 Views

Why does the Location of Rented Property page keep showing up on my Vermont Tax Return completion when I have already indicated that we do not rent we own our home?

by on Latest post on by

1 Reply 456 Views

1 Reply

456 Views

I received a Form3921 for some employee stock options that I sold. Where do I include this on my returns?

by on Latest post on by

2 Replies 463 Views

2 Replies

463 Views

Where do I add rental credit?

by on Latest post on by

3 Replies 1161 Views

3 Replies

1161 Views

I have a roommate that I split rent with. Is my monthly rent just the portion I pay?

by on Latest post on by

4 Replies 1367 Views

4 Replies

1367 Views

Home inspection, appraisals and other deductions part of purchasing rental property process

by on Latest post on by

19 Replies 12641 Views

19 Replies

12641 Views

Capital gains tax

by on Latest post on by

3 Replies 1310 Views

3 Replies

1310 Views

Can I file a W-2 on TurboTax using just my employer ID number? I noticed it did not fill in all the other boxes are they necessary or will that get sorted out later.?

by on Latest post on by

1 Reply 513 Views

1 Reply

513 Views

Where do I claim rent I paid for 5 months

by on Latest post on by

2 Replies 869 Views

2 Replies

869 Views

I owned a home for all of 2020. I also had to move into an independent living facility and paid rent. Can I claim both?

by on Latest post on by

1 Reply 417 Views

1 Reply

417 Views

Hi I lost $2000 from the stock market, how can I get a tax reduction

by on Latest post on by

1 Reply 434 Views

1 Reply

434 Views

Why does Turbotax not ask me about recovery rebate? This has been noted on Reddit complaining as well.

by on Latest post on by

4 Replies 2257 Views

4 Replies

2257 Views

If I made less than $5 in interest from my savings account and from investments made through Robinhood and I did not get any 1099 forms, do I need to report it?

by on Latest post on by

1 Reply 739 Views

1 Reply

739 Views

I purchased stock through Robinhood to make money. I received a promotional stock, valued at $3.50. It was included on my 1099. Is this a Self-Employed business?

by on Latest post on by

21 Replies 18084 Views

21 Replies

18084 Views

How do I enter information regarding my home office deductions when I rent and do not have a mortgage?

by on Latest post on by

1 Reply 548 Views

1 Reply

548 Views

I have to rent a property in another city for my job. Am I able to deduct the rent and utilities because it's for my job?

by on Latest post on by

1 Reply 466 Views

1 Reply

466 Views

I am trying to fill out my "Federal Carryover Worksheet", what do i put in Line 24, 1st Column?

by on Latest post on by

1 Reply 471 Views

1 Reply

471 Views

For home expenses, the rent paid question, is that the monthly rent or for the total time I was working from home?

by on Latest post on by

1 Reply 381 Views

1 Reply

381 Views

My Dad had to move to a senior living facility. He paid both a mortgage all year and his monthly rent at the facility. Can he have both on his taxes?

by on Latest post on by

1 Reply 627 Views

1 Reply

627 Views

I owe around $1000. in Federal Taxes. I want to put some in an HSA or investment account to off set this amount. How do I know how much I should deposit?

by on Latest post on by

2 Replies 750 Views

2 Replies

750 Views

How long do I report cash out of loan that has since been refi'd?

by on Latest post on by

8 Replies 2280 Views

8 Replies

2280 Views

I am French, moved back to France in 2019. We own a house that is rented, with a mortgage. Our salaries are in France. Does this tax return look ok to you?

by on Latest post on by

1 Reply 410 Views

1 Reply

410 Views

California information worksheet - principal residence yes or no must be selected.

by on Latest post on by

1 Reply 602 Views

1 Reply

602 Views

How/when do I pay tax on rental income from a property we own free and clear in Kansas, If I work in Arizona?

by on Latest post on by

1 Reply 580 Views

1 Reply

580 Views

We received shares from my husbands company this year, but didn't receive a 1099-DIV. Is there a reason we wouldn't receive one?

by on Latest post on by

1 Reply 483 Views

1 Reply

483 Views

I have a temp job (9 months) in another state, and have rented an apartment to stay in during the week. Can I take the rent off fed taxes as an expense?

by on Latest post on by

1 Reply 364 Views

1 Reply

364 Views

How do I account for a CD being cashed out?

by on Latest post on by

1 Reply 416 Views

1 Reply

416 Views

Is my state refund that I received last year being counted as income this year?

by on Latest post on by

1 Reply 664 Views

1 Reply

664 Views

where to input info

by on Latest post on by

1 Reply 408 Views

1 Reply

408 Views

I got tax withheld in my investment account because of incorrect SSN. How can I file for a refund?

by on Latest post on by

1 Reply 549 Views

1 Reply

549 Views

Can i claim that i pay rent for a house my husband is buying but does not live in with me?

by on Latest post on by

1 Reply 619 Views

1 Reply

619 Views

I made small investments in the beginning of 2020 with a stock trading app. At one point did sell around 200.00 worth for a 50.00 increase, do I need to claim it?

by on Latest post on by

1 Reply 400 Views

1 Reply

400 Views

Should I claim my rent if I'm not on the lease

by on Latest post on by

2 Replies 983 Views

2 Replies

983 Views

On Wages and Income is question from Fidelity Investments:What is Fidelity.com Username on form. I don't know answer.

by on Latest post on by

1 Reply 619 Views

1 Reply

619 Views

What does renters share total 2020 rent mean

by on Latest post on by

1 Reply 476 Views

1 Reply

476 Views

I reside in NJ and rent my home but have a second home in NY that has a mortgage Is the interest and tax on the 2nd home deductible?

by on Latest post on by

1 Reply 483 Views

1 Reply

483 Views

Can I file more than one year for renter rebates

by on Latest post on by

1 Reply 576 Views

1 Reply

576 Views

Where do I put my maintenance

by on Latest post on by

2 Replies 992 Views

2 Replies

992 Views

Should I mark yes for renter's credit if I paid rent here, even though I don't own this home?

by on Latest post on by

1 Reply 546 Views

1 Reply

546 Views

Do I need to report? I was gifted a stock (<$4 from Robinhood) when account opened 4/2020. On 12/31/20 it was valued at $33.91. No money received. Report?

by on Latest post on by

4 Replies 1695 Views

4 Replies

1695 Views

Hi, can I claim the amount my insurance company says that I paid to doctors even though I paid less then the explanation of benefits says?

by on Latest post on by

2 Replies 1035 Views

2 Replies

1035 Views

Where would I insert the cost of living aka rent

by on Latest post on by

3 Replies 1190 Views

3 Replies

1190 Views

When i am going to receive my rental refund

by on Latest post on by

1 Reply 1629 Views

1 Reply

1629 Views

I lived in Vietnam for all of 2019, and earned all of my income there. Can I count my rent payments in Vietnam on my taxes?

by on Latest post on by

1 Reply 517 Views

1 Reply

517 Views

In 2019, I paid both rents and mortgage. But I don't see a place for rents tax breaks? How do I find that?

by on Latest post on by

1 Reply 552 Views

1 Reply

552 Views

Can I hold off on depreciating rental property furniture?

by on Latest post on by

1 Reply 676 Views

1 Reply

676 Views

How fill your 1099 div on your kids

by on Latest post on by

1 Reply 749 Views

1 Reply

749 Views

Do we claim our disabled son's rent as rental income to us? It comes from his SSI check each month. Must we amend our 2018 & 2019 returns then ?

by on Latest post on by

2 Replies 1162 Views

2 Replies

1162 Views

I was fired due the COVID19 crisis, then I was rehired in a lower payroll position, I cant pay my rent and other things, Do I qualify for a 401K withdrawal?

by on Latest post on by

1 Reply 504 Views

1 Reply

504 Views

CCA claim on joint rental property not showing up correctly

by on Latest post on by

1 Reply 676 Views

1 Reply

676 Views

I bought an RV and sold it, but I don't know where is the section to declare it?..someone, Can help me with this question?

by on Latest post on by

2 Replies 1170 Views

2 Replies

1170 Views

Can I file my CRP now on turbotax?

by on Latest post on by

1 Reply 498 Views

1 Reply

498 Views

I messed up the rental part, I never paid rent or had a landlord.

by on Latest post on by

2 Replies 932 Views

2 Replies

932 Views

I would like to know what should I do to receive my stimulus check money from the federal to pay the rent and I have a child

by on Latest post on by

1 Reply 517 Views

1 Reply

517 Views

How much is needed to set aside for when we receive the stimulus check? I’m assuming we’ll have to write that on next years tax return

by on Latest post on by

1 Reply 463 Views

1 Reply

463 Views

DO I HAVE TO TAKE THE STANDARD DEDUCTION IF I HAVE HAD A RENTAL PROPERTY BEFORE I GOT MARRIED. I'VE HAD THE RENTAL PROPERTY SINCCE FEBURARY AND MARRIED IN AUGUST.

by on Latest post on by

1 Reply 555 Views

1 Reply

555 Views

How to my rent mortgage?

by on Latest post on by

2 Replies 1010 Views

2 Replies

1010 Views

Home equity loan

by on Latest post on by

1 Reply 720 Views

1 Reply

720 Views

I have investments/savings for my kids. Do I need to claim this on my taxes?

by on Latest post on by

1 Reply 477 Views

1 Reply

477 Views

Is a letter from the drs. Office and rental lease enough proof that dependents live with me

by on Latest post on by

3 Replies 1220 Views

3 Replies

1220 Views

I have a rental property (with mortgage) in another country. This year is my first year reporting tax in the US, should I report the property abroad as an asset?

by on Latest post on by

1 Reply 472 Views

1 Reply

472 Views

I am buying my home rent to own. Do I qualify as the home owner.

by on Latest post on by

1 Reply 635 Views

1 Reply

635 Views

Where do I find the place to file my certificate of rent paid

by on Latest post on by

1 Reply 645 Views

1 Reply

645 Views

Should I have received some kind of tax form from my former employer when I sold shares from stock options as they are a French company?

by on Latest post on by

1 Reply 524 Views

1 Reply

524 Views

Can we write off both the rent n the closing fees ?

by on Latest post on by

2 Replies 869 Views

2 Replies

869 Views

My Mom died last year. Now we got rental properties in Germany. Do i have to upgrade to TurboTax Live premier or anything els because it is in Germany?

by on Latest post on by

4 Replies 1183 Views

4 Replies

1183 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Live Deluxe Online