Investors & Landlords Tax Forum Q&A

Does renting out half of my house to a roommate meet the criteria of a qualified business income?

by on Latest post on by

4 Replies 4636 Views

4 Replies

4636 Views

Schedule E is not correctly showing Depreciation and the total expenses are capped at the same amount of Rental Income. How do you fix this?

by on Latest post on by

2 Replies 1083 Views

2 Replies

1083 Views

Is there a Depreciation Report available in Turbotax? I want to see the Prior Depreciation (Accumulated) taken for my rental proprieties

by on Latest post on by

1 Reply 808 Views

1 Reply

808 Views

I just sold a rental proeprty that I have owned for 8 years. How do I estimate my tax basis and capital gain that I will have in 2023?

by on Latest post on by

2 Replies 796 Views

2 Replies

796 Views

I am a 1040 filer. I have one rental property. Which version of TurboTax is best to use for 2022.?

by on Latest post on by

1 Reply 714 Views

1 Reply

714 Views

I spent more than 750 hours and 50% of my working hours towards real estate rentals. Why am I still being limited on losses?

by on Latest post on by

1 Reply 452 Views

1 Reply

452 Views

Hi, We bought a rental house under our LLC last year. Do we put the expenses and assets under the LLC or personal?

by on Latest post on by

1 Reply 471 Views

1 Reply

471 Views

How can I get my income from my only rental property to carry over to the page entitled "Your income and expenses?

by on Latest post on by

1 Reply 639 Views

1 Reply

639 Views

I've entered my info into TT, but it doesn't appear that any cap loss carryover was used. I have no more capital gains because I don't own any securities now.

by on Latest post on by

1 Reply 427 Views

1 Reply

427 Views

For rental properties, is my depreciation automatically calculated or do I have to add that as a specific line item?

by on Latest post on by

1 Reply 458 Views

1 Reply

458 Views

Gifted Rental Property

by on Latest post on by

5 Replies 1427 Views

5 Replies

1427 Views

Can I hear from others that have been taken advantage of by this company?

by on Latest post on by

1 Reply 655 Views

1 Reply

655 Views

Can I expense my mortgage and HOA fees for my Airbnb business?

by on Latest post on by

2 Replies 1865 Views

2 Replies

1865 Views

Unable to import 1099 from Robinhood

by on Latest post on by

1 Reply 457 Views

1 Reply

457 Views

For the $3000 capital gains loss that can be reported yearly, does it only count if I cashed out the stocks that were losses? Thanks

by on Latest post on by

1 Reply 595 Views

1 Reply

595 Views

For purposes of depreciating/amortizing as capital expenses, where in TurboTax do I record start-up costs incurred in 2021 prior to starting the business in 2022?

by on Latest post on by

2 Replies 783 Views

2 Replies

783 Views

In my single family rental property the air conditioner broke beyond repair and I had to replace the entire unit for $6000. Is this an asset or expense?

by on Latest post on by

1 Reply 441 Views

1 Reply

441 Views

If we started renting our second house last year, should we select the option "Started a Business"?

by on Latest post on by

3 Replies 1159 Views

3 Replies

1159 Views

How do I report in TurboTax capital gain/loss from the sale of collectible decks of poker playing cards?

by on Latest post on by

1 Reply 403 Views

1 Reply

403 Views

How does one account for a roof asset in the sale of a rental property

by on Latest post on by

3 Replies 1149 Views

3 Replies

1149 Views

Do I enter my rental property income in the "Other self-employed income including cash, checks, Form 1099-K, etc."? It doesn't ask the names and addresses of property

by on Latest post on by

3 Replies 1136 Views

3 Replies

1136 Views

Can turbo tax handle 2 rental

by on Latest post on by

1 Reply 761 Views

1 Reply

761 Views

In 21 I bought some stock and sold it shortly thereafter - that company issued a K-1 - will this have any effect on Turbo Tax doing my taxes for me

by on Latest post on by

2 Replies 1018 Views

2 Replies

1018 Views

Can I deduct the expenses of a building an Airbnb project while I am living in Zimbabwe?

by on Latest post on by

3 Replies 1318 Views

3 Replies

1318 Views

I would like to know if I can include on my taxes working on property to prepare to sell or rent.

by on Latest post on by

2 Replies 925 Views

2 Replies

925 Views

How do I calculate the tax on a rental unit after 10 years of depreciation? what are the inputs to this calculations/

by on Latest post on by

3 Replies 1514 Views

3 Replies

1514 Views

My mom gave me 1/2 of a rental property and I am trying to set up the depreciation to mirror hers but I get $0 when she has $360. How do I adjust?

by on Latest post on by

10 Replies 3029 Views

10 Replies

3029 Views

I have a mutual fund investment that has lost a significant sum in 2022 so far and I'm wondering how that will impact my 2022 taxes. help me understand?

by on Latest post on by

4 Replies 1850 Views

4 Replies

1850 Views

I filed in March 3rd with turbo tax it was accepted that same night I had to wait this long still and things hard rent wise can I still get advance from turbo tax?

by on Latest post on by

1 Reply 592 Views

1 Reply

592 Views

I owe taxes company sale, will owe capital gains on the whole $1MM Could I purchase a car wash for $1MM bonus deprec the full amount in thus emliminate taxes on the $1MM

by on Latest post on by

2 Replies 1142 Views

2 Replies

1142 Views

I started purchasing rental properties in 2021. I entered all my rental property data in the "Self-employed work" category. Do I input the same under Rental property?

by on Latest post on by

5 Replies 1945 Views

5 Replies

1945 Views

How long can a rental property depreciate a air conditioning unit?

by on Latest post on by

2 Replies 1536 Views

2 Replies

1536 Views

Sold home we purchased in 2005 that became a full rental in 2012. FMV in 2012 was over $100K less. Do we use the 2012 FMV as cost basis or what we paid in 2005?

by on Latest post on by

2 Replies 1507 Views

2 Replies

1507 Views

Why does it look like i am being taxed at the regular rate for capital gains?

by on Latest post on by

1 Reply 390 Views

1 Reply

390 Views

Are multiple rental properties identified on schedule E as a, b, c, on the federal review?

by on Latest post on by

1 Reply 601 Views

1 Reply

601 Views

I have rental that I made some improvements like changed my garage into a room and added a shower to an existing bathroom. Where does this get filed on the schedule C?

by on Latest post on by

1 Reply 442 Views

1 Reply

442 Views

If I rent multiple vehicles throughout the year for uber , do I put info for the vehicle sections or skip to the rental sections?

by on Latest post on by

1 Reply 586 Views

1 Reply

586 Views

For building rental fees, do I need to list the total from each separate location from last year? For example, I taught at 3 different dance studios

by on Latest post on by

1 Reply 394 Views

1 Reply

394 Views

Can I claim anything because my unemployed adult daughter and grandchildren live in my second home rent free?

by on Latest post on by

2 Replies 1082 Views

2 Replies

1082 Views

How do I find my basis So that I can estimate taxes do should I sell a rental property in 2022

by on Latest post on by

1 Reply 420 Views

1 Reply

420 Views

I have a custodian investment account for my 17 year old son. Do I report that 1099 on my taxes or on his?

by on Latest post on by

1 Reply 466 Views

1 Reply

466 Views

Rental activity considered passive when passing the material participation tests? Shouldn't you be able to realize the rental loss against other income if you pass?

by on Latest post on by

1 Reply 456 Views

1 Reply

456 Views

Do I list myself as a property manager under Income and Expenses if I run a AirBnB apartment in my home?

by on Latest post on by

1 Reply 537 Views

1 Reply

537 Views

Planning to offer accelerated depreciation via cost seg? Couldn't use TT this year because linear depreciation over 27.5 years for a rental property was the only option.

by on Latest post on by

16 Replies 6085 Views

16 Replies

6085 Views

Business 2 Business investment, can I write it off as expense if no return on my investment yet from 2021?

by on Latest post on by

1 Reply 569 Views

1 Reply

569 Views

Where do I file capital gains

by on Latest post on by

1 Reply 410 Views

1 Reply

410 Views

Why am I being asked about my LLC that I have in OH when trying to file for a rental property in PA?

by on Latest post on by

1 Reply 410 Views

1 Reply

410 Views

I’m a real estate professional who actively participates and manages my rental properties. TurboTax is considering the losses passive and not active. How do I change it?

by on Latest post on by

1 Reply 575 Views

1 Reply

575 Views

Is a rental truck considered equipment rental expense for my business?

by on Latest post on by

1 Reply 427 Views

1 Reply

427 Views

If I have taken depreciation or spec. depreciation on all assets for a home business on sched. C, then why is turbo tax stopping me and telling me to go back in fix it?

by on Latest post on by

1 Reply 489 Views

1 Reply

489 Views

How do I enter rental property income into TurboTax?

by on Latest post on by

1 Reply 698 Views

1 Reply

698 Views

Do i qualify for the investment tax credit (ITC) when I install the solar system on my rental property in 2022 and file under my LLC? 09:20 PM

by on Latest post on by

2 Replies 951 Views

2 Replies

951 Views

I continue to have a problem when entering my rental income expenses. If I enter an expense of $1,000 it comes out as $100

by on Latest post on by

3 Replies 905 Views

3 Replies

905 Views

I'm trying to enter expenses for my rental property and Turbo Tax is moving the decimal point. If I have 3,000 in expenses, it's coming out as 300.

by on Latest post on by

2 Replies 676 Views

2 Replies

676 Views

Which gains get offset first by losses, long term or short term?

by on Latest post on by

1 Reply 723 Views

1 Reply

723 Views

In the final review, it wants "property type code" for an installment sale single-family rental house we had owned for years. where can I find this property code?

by on Latest post on by

1 Reply 608 Views

1 Reply

608 Views

We have used an accountant in the past. We already have past form 8582 for passive activity loss for our rental properties. How do I enter that here?

by on Latest post on by

2 Replies 903 Views

2 Replies

903 Views

How do I use Turbo Tax to calculate Fed and State capital gains tax on partner proceeds received from family LLC on sale of rental property?

by on Latest post on by

1 Reply 631 Views

1 Reply

631 Views

Where do i add travel expenses as a self employed business owner. We provide work nationwide and have a lot of hotel, airline, and rental car expenses.

by on Latest post on by

3 Replies 1261 Views

3 Replies

1261 Views

I'm selling a course online. The co. is deducting taxes before my payouts. I have to pay royalties to outside hires. Do I pay them based on my pre-tax income, or post?

by on Latest post on by

2 Replies 1473 Views

2 Replies

1473 Views

Do capital gains taxes impact QBI deduction from S-Corp?

by on Latest post on by

2 Replies 1897 Views

2 Replies

1897 Views

I got a letter from the IRS saying i need to send in my cancelled rent checks? I received COVID help with my rent.

by on Latest post on by

3 Replies 1529 Views

3 Replies

1529 Views

I started an online store for used and rare books this year (2021) but purchased a lot of inventory to stock my sight in 2020. is this considered a startup cost?

by on Latest post on by

2 Replies 965 Views

2 Replies

965 Views

Hello! I want to add my crypto profit gains and having trouble. I'm currently using zenledger and they produced form 8949. How do I add that into turbotax?

by on Latest post on by

2 Replies 1219 Views

2 Replies

1219 Views

In Texas, If I cannot claim miles on my Taxi service and I do not want to look for all my gas/repairs tickets, is their a standard amount I can expense?

by on Latest post on by

4 Replies 1250 Views

4 Replies

1250 Views

For owner operator, is truck note considered equipment rental ?

by on Latest post on by

2 Replies 1058 Views

2 Replies

1058 Views

Where do I enter 1099 NEC for rental income properties?

by on Latest post on by

1 Reply 668 Views

1 Reply

668 Views

My wife is a real estate agent and she rents furniture for home staging. Would I add the expense under Equipment rental?

by on Latest post on by

1 Reply 508 Views

1 Reply

508 Views

Hi, How do i determine if I had passive loss carry forwards from last year?

by on Latest post on by

1 Reply 679 Views

1 Reply

679 Views

I installed a Quiet Cool whole house fan to save on my cooling bills. Does this qualify for the energy efficient improvement under Main Air Circulating Fan?

by on Latest post on by

2 Replies 4375 Views

2 Replies

4375 Views

I would like to know which product to use for filing as "Mark to Market" Active stock day trader. I believe the forms to use would be IRS form 4797 and 6781?

by on Latest post on by

3 Replies 1373 Views

3 Replies

1373 Views

Please explain the basis for 'Excess Basis Amount' requested on the "Tell Us More About This Rental Asset' screen.

by on Latest post on by

13 Replies 12844 Views

13 Replies

12844 Views

Single person LLC, I have rental which is managed by LLC. When I transfer money to a business checking to pay bills for the rental property, does it consider as income?

by on Latest post on by

3 Replies 1191 Views

3 Replies

1191 Views

I author books and always filed Schedule C for royalties and expenses. I continue to write books. Do I report book royalties and expenses in schedule C or E?

by on Latest post on by

1 Reply 498 Views

1 Reply

498 Views

Can I deduct home improvement expenses for my rental property if it's a not-for-profit rental that I live in as well?

by on Latest post on by

2 Replies 905 Views

2 Replies

905 Views

I own an LLC in New Jersey. I also live in NJ. The LLC owns rental properties in South Carolina. The LLC doesn't need to file in SC, I do. Do I report income in SC?

by on Latest post on by

2 Replies 1334 Views

2 Replies

1334 Views

We live in ga but couldn't find work so we purchased equipment bought a vehicle trailer and headed to Lousiana for the cleanup of hurricane. We get there and rent a place and was caught in the 2nd hur

by on Latest post on by

1 Reply 416 Views

1 Reply

416 Views

The amount I have entered in my rental expense deduction is being changed by TurboTax. How do I override? Thanks.

by on Latest post on by

2 Replies 922 Views

2 Replies

922 Views

Someone please call me about completing my Turbotax. I am almost through. Not computing my short term stock gains right. HELP

by on Latest post on by

1 Reply 504 Views

1 Reply

504 Views

I own a duplex. I live in one unit and rent the other for the entire year. Am I obligated to split the property tax and mortgage tax among the units (schedule A and E)?

by on Latest post on by

1 Reply 632 Views

1 Reply

632 Views

I have quicken desktop, how do I export my expenses and other capital gains to TurboTax online?

by on Latest post on by

2 Replies 1034 Views

2 Replies

1034 Views

I have 3 rental props. I am an RE prof. What is the difference between electing to use a safe harbor for each property on its own vs. combining them into a RE enterprise?

by on Latest post on by

1 Reply 873 Views

1 Reply

873 Views

Can the property owner claim repair and maintenance costs as a deduction against rental income if someone else paid for the repairs and maintenance costs?

by on Latest post on by

1 Reply 644 Views

1 Reply

644 Views

Hi! I bought 33% of an existing business this year and paid $25,000 for it, can I write that off?

by on Latest post on by

1 Reply 486 Views

1 Reply

486 Views

Can you depreciate deleading cost for a rental property?

by on Latest post on by

1 Reply 476 Views

1 Reply

476 Views

Hi, I'm new to using the online version of turbotax. It did not transfer two of my rental properties. How do I fix this?

by on Latest post on by

1 Reply 564 Views

1 Reply

564 Views

Im entering in my expenses for my rental home. Turbotax is adjusting the amount after I save. It didnt do that last year

by on Latest post on by

1 Reply 521 Views

1 Reply

521 Views

Turbotax is not calculating SL depreciation correctly on 6 rental properties. Hrs with 2 specialists EA

by on Latest post on by

6 Replies 2150 Views

6 Replies

2150 Views

Where do I report the sale of shares of a private company (ISO shares) to a company investor?

by on Latest post on by

3 Replies 5259 Views

3 Replies

5259 Views

1099-B: I accidentally selected "RS" instead of "RSU" under the type of investment I sold and now I can't change it. How can I change it?

by on Latest post on by

1 Reply 513 Views

1 Reply

513 Views

I have rental propeties in CA. Do I have to file 1099-NEC even if the income and expenses of CA rentals were already given in the rentals and royals summary?

by on Latest post on by

1 Reply 506 Views

1 Reply

506 Views

Been waiting over 40 days now for my tax return. Can someone at this company just be honest about what is going on? We have car maintenance, down payments, rent, etc.

by on Latest post on by

3 Replies 4120 Views

3 Replies

4120 Views

I realized capital gains in 2020 but invested all of those gains in a qualified opportunity zone fund. How do I get the deduction in turbo tax?

by on Latest post on by

1 Reply 564 Views

1 Reply

564 Views

I sold my stock in a private corporation - at a loss. How do I document?

by on Latest post on by

1 Reply 552 Views

1 Reply

552 Views

When adding figure into "Cost of Land" for rental asset, which figure am I using from the tax bill? Land appraised value? Or Assessed value? From current or purchased yr?

by on Latest post on by

2 Replies 842 Views

2 Replies

842 Views

UNDER THE SELF-EMPLOYMENT INCOME AND EXPENSES IT SAY'S -9,719.00. WHAT DOES THAT MEAN???

by on Latest post on by

1 Reply 606 Views

1 Reply

606 Views

For a detached rental on my residential property, where should I enter 1098 mortgage interest - as rental property expense or deduction? Does TT auto allocate?

by on Latest post on by

1 Reply 865 Views

1 Reply

865 Views

Where do I account for depreciation?

by on Latest post on by

1 Reply 815 Views

1 Reply

815 Views

Is purchase price for oil and gas royalties deductible? If so, how do I enter into TurboTax

by on Latest post on by

1 Reply 675 Views

1 Reply

675 Views

I invested $70,000 in a company and have never been paid, what options do I have for tax filing?

by on Latest post on by

1 Reply 588 Views

1 Reply

588 Views

I sold a rental property for a loss. $18k of suspended passive losses were included on my Schedule E, but no Form 8582 was generated with my return, is this proper?

by on Latest post on by

1 Reply 572 Views

1 Reply

572 Views

I sold a rental property for a loss. $18k of suspended passive losses were included on my Schedule E, but no Form 8582 was generated with my return, is this proper?

by on Latest post on by

1 Reply 566 Views

1 Reply

566 Views

I deleaded a rental property in Massachusetts in 2018. How do i enter this information on turbotax to get the state tax credits?

by on Latest post on by

5 Replies 4711 Views

5 Replies

4711 Views

I have a condo I am renting out that cost $x. I understand that I can depreciate this $x over 27 years. Where do I enter $x in turbotax?

by on Latest post on by

1 Reply 578 Views

1 Reply

578 Views

Can some explain me how i can input my multi-leg options trading positions, which i bought and sold within short time? All trades were opened and closed within same time.

by on Latest post on by

13 Replies 5746 Views

13 Replies

5746 Views

Can u help? Disabled w/no work/taxes since 2012. Own home in foreclosure but reopen v-rental. 2020= Covid

by on Latest post on by

3 Replies 1295 Views

3 Replies

1295 Views

We refinanced our second home, which is a beach condo from which we earn rental income. Do I treat that as a sale and repurchase? How do I deduct closing costs etc.?

by on Latest post on by

2 Replies 783 Views

2 Replies

783 Views

I have a rental in California, I received my 1099- MISC but turbotax auto generated my federal adjusted and is asking for my california amount?

by on Latest post on by

3 Replies 1005 Views

3 Replies

1005 Views

Can I go back and change that I rent to own not own my home?

by on Latest post on by

1 Reply 453 Views

1 Reply

453 Views

Can I charge my Sole-proprietorship business rent rather than taking the office use of the home deduction, or is this just a wash since it increases personal income

by on Latest post on by

1 Reply 685 Views

1 Reply

685 Views

I invested in a business (restaurant) in 2020 but coz of covid restaurant never opened and i lost 100% of my investment. Can i write off against my 2020 income?

by on Latest post on by

2 Replies 1604 Views

2 Replies

1604 Views

What is a federal carryover worksheet and how do i fill it out?

by on Latest post on by

3 Replies 14950 Views

3 Replies

14950 Views

Do I need to take proportionate expenses and depreciation in the case where I rented property and tried to sell it but couldn't sell? It was never used for personal use.

by on Latest post on by

1 Reply 804 Views

1 Reply

804 Views

If I purchased an iPad through my work, and that is my only large expense, should I deduct that under Assets through the annual election?

by on Latest post on by

1 Reply 702 Views

1 Reply

702 Views

I have my RSU vesting set to "sell to cover" meaning I sell stock to cover the taxes for the vested stock. I'm not seeing where that value is on my W2 or 1099.

by on Latest post on by

1 Reply 460 Views

1 Reply

460 Views

How do import house rental income withouth a misc income form

by on Latest post on by

1 Reply 941 Views

1 Reply

941 Views

We converted my basement to a hair salon. Where would I enter those expenses (construction, tile, A/C, etc.)?

by on Latest post on by

1 Reply 446 Views

1 Reply

446 Views

I have two rental properties but the 1099-R I received lumped the income from both together? How do I report the two?

by on Latest post on by

1 Reply 572 Views

1 Reply

572 Views

What is going on with the schedule c form that turbo tax is supposed to generate for 1099 workers? It says I need to attach one, but the system is supposed to generate one after I put in my expenses f

by on Latest post on by

1 Reply 467 Views

1 Reply

467 Views

Farming expenses column headers say 2018 and 2019 instead of 2019 and 2020. why is that?

by on Latest post on by

1 Reply 562 Views

1 Reply

562 Views

I am a landlord selling my property. To put it on sale I had to have the tenants leave. To get them to leave early I had to pay them one month’s free rent. Can I deduct that rent concession in th

by on Latest post on by

4 Replies 1630 Views

4 Replies

1630 Views

I started a company with my wife last year. how and where do i fill ths info in the app?

by on Latest post on by

1 Reply 467 Views

1 Reply

467 Views

My stock account got so much margin interesting charge, can I deduct from my stocks gain or any other income? How?

by on Latest post on by

2 Replies 1015 Views

2 Replies

1015 Views

I need to add my rental property income but when I press the "START" option, it keeps buffering and then goes back to the same page.

by on Latest post on by

1 Reply 820 Views

1 Reply

820 Views

I ran an airbnb (under my SSN) for part of last year. The profits were shared with the homeowner and another person. Where do I get 1099s for them (already have w-9s)?

by on Latest post on by

5 Replies 1780 Views

5 Replies

1780 Views

When the first buyer of my house defaulted, he agreed to forfeit $5,000 to compensate me for additional rental expenses I incurred due to his default. Is this taxable?

by on Latest post on by

1 Reply 714 Views

1 Reply

714 Views

I ran an airbnb (under my SSN) for part of last year. The profits were shared with the homeowner and another person. Do I need to issue 1099-MISCs or 1099-NECs?

by on Latest post on by

2 Replies 1508 Views

2 Replies

1508 Views

Can solo 401k be purchased using 1099 income from rental property

by on Latest post on by

2 Replies 1317 Views

2 Replies

1317 Views

Work at Goodwill Clothes/Cleaning /bathroom August 1/2010 December 31/2012 $7.25 Walmart

by on Latest post on by

2 Replies 913 Views

2 Replies

913 Views

What is my qbi passive activity loss carryover

by on Latest post on by

5 Replies 20026 Views

5 Replies

20026 Views

Where / How do I show an investment loss due to a scam / fraud situation? And what documentation will I need beyond the transfer of funds and the police report?

by on Latest post on by

1 Reply 597 Views

1 Reply

597 Views

Hi, my name it's Hensel. I'm getting this warning: Form 8960 worksheet: Your calculations could not be completed. Reference code: 2-871-273

by on Latest post on by

4 Replies 1950 Views

4 Replies

1950 Views

So I start working from home tomorrow. My parents and I set up this one room as my office. I will be paying them rent. Can I deduct the whole amount off my tax? How much should I pay them for the rent

by on Latest post on by

6 Replies 4443 Views

6 Replies

4443 Views

How do I write on the downloaded forms? It highlights but won't let me write actual text on it.

by on Latest post on by

3 Replies 1852 Views

3 Replies

1852 Views

How do i file cryptocurrency capital losses

by on Latest post on by

3 Replies 1596 Views

3 Replies

1596 Views

How do I file commercial real estate rental income from florida as a non-resident?

by on Latest post on by

1 Reply 907 Views

1 Reply

907 Views

I have work meals related to my rental income property (work on property, get a meal afterwards). Does this go under "other miscellaneous expenses" or travel meals at 50%

by on Latest post on by

1 Reply 750 Views

1 Reply

750 Views

Does rental income from owning a condo count as self-employed income?

by on Latest post on by

1 Reply 761 Views

1 Reply

761 Views

Where do I post management fees for investment portfolios

by on Latest post on by

1 Reply 606 Views

1 Reply

606 Views

I put that I own my house but I rent what can I do to fix it before file?

by on Latest post on by

1 Reply 798 Views

1 Reply

798 Views

Where do I enter profit and loss from selling stock?

by on Latest post on by

1 Reply 789 Views

1 Reply

789 Views

Where in the federal tax form do I put info. about a rental property that was sold? The rental asset section asks for cost paid and date purchase, not about when it sold.

by on Latest post on by

1 Reply 528 Views

1 Reply

528 Views

Must either take special depreciation or take regular depreciation on all assets. How do I make all stimulus seven-yr property depreciation assets the same?

by on Latest post on by

1 Reply 576 Views

1 Reply

576 Views

I'm applying for a building loan, but they won't consider my 20k in AirBnB income because they said I listed it on the wrong line. Suggestions?

by on Latest post on by

2 Replies 861 Views

2 Replies

861 Views

Can I deduct part of my rent for my apartment on my 2020 tax return if I use one of the rooms as an office?

by on Latest post on by

1 Reply 677 Views

1 Reply

677 Views

How do I deduct the payments I am making for the mortgage on a rental house? The rent I receive looks like income, but is offset by the payments against the mortgage.

by on Latest post on by

1 Reply 568 Views

1 Reply

568 Views

Sold a rental property in 2019. My accountant has total calculated depreciation at $458 only. Turbo Tax states that I had over $8,000 in 2019 alone

by on Latest post on by

3 Replies 1194 Views

3 Replies

1194 Views

We lost money to a company that was doing work on our roof. They are in bankruptcy court and our roof is not complete. How and where do I report this loss?

by on Latest post on by

1 Reply 560 Views

1 Reply

560 Views

For reserve duty last year I traveled by air and rent a car to get to the base. I will fly from Boston To Richmond VA then drive a rental to Hampton VA. How to claim it?

by on Latest post on by

1 Reply 639 Views

1 Reply

639 Views

I have income from renting a room out in a house I rent where do I claim that income?

by on Latest post on by

2 Replies 1090 Views

2 Replies

1090 Views

Do you have a TurboTax Online account?

Topics with Label: TurboTax Live Self Employed