Investors & Landlords Tax Forum Q&A

Where do I enter a 1099 int that is associated with a rental property?

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3 Replies 2566 Views

3 Replies

2566 Views

"Fix error" message on savings bonds on Form 8815. (solved)

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5 Replies 1854 Views

5 Replies

1854 Views

I have a rental property in Florida. Should I file a state return?

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7 Replies 9444 Views

7 Replies

9444 Views

Is oil royalty taxed on only 1/2 the income received as it appears on my form?

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13 Replies 1908 Views

13 Replies

1908 Views

I have sold my rental property in 2019. How can is estimate the amount of capital gains I will need to pay when the 2019 taxes are filed.

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1 Reply 293 Views

1 Reply

293 Views

When I sell an investment property with multiple owners, is the capital gain divided among all the owners? i have been claiming all rental income due to simplicity

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2 Replies 776 Views

2 Replies

776 Views

In 2018 I sold all my investments at a big loss. Can I get a deduction for that?

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1 Reply 307 Views

1 Reply

307 Views

Live in TX but have a rental property in MN; net income on the rental per my federal return was a loss (-5K); I know I have to file but do I have to pay MN state taxes?

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1 Reply 884 Views

1 Reply

884 Views

Where do i enter flood losses to rental property turbotax form ?

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1 Reply 539 Views

1 Reply

539 Views

How do I find my cost basis for RSU's that were sold on the same day they vested? 640 shares vested on 2/16/15, 209 shares sold as taxes, remaining 431 shares were sold.

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1 Reply 552 Views

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552 Views

I own a rental property that had a special assessment for a building rehab. If I took out a loan for a downpayment on the assessment due, can I claim this as an expense?

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1 Reply 647 Views

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647 Views

Can I use a long term loss from a sale of farmland to off set the depreciation recapture from the sale of rental property?

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1 Reply 337 Views

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337 Views

I own a rental property and paid a contractor about $26,000 for renovations, including materials. Am I required to issue a 1099 for the work? I am seeing mixed responses.

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1 Reply 1362 Views

1 Reply

1362 Views

I know rental expenses are deductible. Are they counted toward itemized deductions?

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2 Replies 525 Views

2 Replies

525 Views

Selling rental home to son at a capital gain to me. Can I use PAL to offset gain?

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3 Replies 536 Views

3 Replies

536 Views

I have1099 from Robinhood(stocks app), is this also included into state tax return?

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1 Reply 1478 Views

1 Reply

1478 Views

What form to i use when selling a vacation home that was not a rental

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1 Reply 817 Views

1 Reply

817 Views

If I take a loan against my rental property can I use the loan interest as a write off against my rental earnings?

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1 Reply

341 Views

When I try to input advt expenses for my rental property, the input box is labeled "2017" vs "2018". Is this an error?

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1 Reply 361 Views

1 Reply

361 Views

My W2 RSU amount is higher than 1099B total proceeds.Seems like on W2 they're also reporting vested RSUs that I haven't sold yet. Is that how it should be?

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1 Reply 936 Views

1 Reply

936 Views

Are second home expenses still deductible? My daughter lives in it and pays below market rent.

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3 Replies 689 Views

3 Replies

689 Views

We began renting a property in Oct 2018. Can we deduct expenses that we incurred to get the property ready to rent? (While we were still living there?)

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1 Reply 306 Views

1 Reply

306 Views

I bought a rental property but I don't want to depreciate it. How do I remove the depreciation information

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1 Reply 386 Views

1 Reply

386 Views

How do I claim common areas used by 2 roomers in my home? kitchen, dining room, Tv room, part of garage.

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1 Reply 611 Views

1 Reply

611 Views

Filing separately, can my wife claim the rental income and the home is under my name? She is taking care of the property (collecting rent and dealing with tenants etc)

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4 Replies 2466 Views

4 Replies

2466 Views

We are buying a second (primary) home in NV, but we own another property in NV as well, which will now become a rental. What will our tax penalties/deductions look like?

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1 Reply 391 Views

1 Reply

391 Views

When converting a second residence into a rental property mid-year, how do you treat improvements completed prior to placing it in service?

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1 Reply 461 Views

1 Reply

461 Views

The rental home

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6 Replies 806 Views

6 Replies

806 Views

How do i proof to IRS that my 2 family house is for personal use only and not for rental income?

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1 Reply 377 Views

1 Reply

377 Views

I'm currently entering my advertising expenses on my rental property, however, the software lists last year as 2016 and this year as 2017.

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1 Reply 397 Views

1 Reply

397 Views

1099b form has a placeholder for the date acquired and $0 cost basis. Confirmed with broker that this information is not on file. How do I report for tax purposes?

Topics with Label: TurboTax Premier iOS

Where do I enter a 1099 int that is associated with a rental property?

"Fix error" message on savings bonds on Form 8815. (solved)

I have a rental property in Florida. Should I file a state return?

Is oil royalty taxed on only 1/2 the income received as it appears on my form?

I have sold my rental property in 2019. How can is estimate the amount of capital gains I will need to pay when the 2019 taxes are filed.

When I sell an investment property with multiple owners, is the capital gain divided among all the owners? i have been claiming all rental income due to simplicity

In 2018 I sold all my investments at a big loss. Can I get a deduction for that?

Live in TX but have a rental property in MN; net income on the rental per my federal return was a loss (-5K); I know I have to file but do I have to pay MN state taxes?

Where do i enter flood losses to rental property turbotax form ?

How do I find my cost basis for RSU's that were sold on the same day they vested? 640 shares vested on 2/16/15, 209 shares sold as taxes, remaining 431 shares were sold.

I own a rental property that had a special assessment for a building rehab. If I took out a loan for a downpayment on the assessment due, can I claim this as an expense?

Can I use a long term loss from a sale of farmland to off set the depreciation recapture from the sale of rental property?

I own a rental property and paid a contractor about $26,000 for renovations, including materials. Am I required to issue a 1099 for the work? I am seeing mixed responses.

I know rental expenses are deductible. Are they counted toward itemized deductions?

Selling rental home to son at a capital gain to me. Can I use PAL to offset gain?

I have1099 from Robinhood(stocks app), is this also included into state tax return?

What form to i use when selling a vacation home that was not a rental

If I take a loan against my rental property can I use the loan interest as a write off against my rental earnings?

When I try to input advt expenses for my rental property, the input box is labeled "2017" vs "2018". Is this an error?

My W2 RSU amount is higher than 1099B total proceeds.Seems like on W2 they're also reporting vested RSUs that I haven't sold yet. Is that how it should be?

Are second home expenses still deductible? My daughter lives in it and pays below market rent.

We began renting a property in Oct 2018. Can we deduct expenses that we incurred to get the property ready to rent? (While we were still living there?)

I bought a rental property but I don't want to depreciate it. How do I remove the depreciation information

How do I claim common areas used by 2 roomers in my home? kitchen, dining room, Tv room, part of garage.

Filing separately, can my wife claim the rental income and the home is under my name? She is taking care of the property (collecting rent and dealing with tenants etc)

We are buying a second (primary) home in NV, but we own another property in NV as well, which will now become a rental. What will our tax penalties/deductions look like?

When converting a second residence into a rental property mid-year, how do you treat improvements completed prior to placing it in service?

The rental home

How do i proof to IRS that my 2 family house is for personal use only and not for rental income?

I'm currently entering my advertising expenses on my rental property, however, the software lists last year as 2016 and this year as 2017.

1099b form has a placeholder for the date acquired and $0 cost basis. Confirmed with broker that this information is not on file. How do I report for tax purposes?

Where to enter prepaid tax with the sale of a rental?

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Topics with Label: TurboTax Premier iOS