Investors & Landlords Tax Forum Q&A

Does the sale of mineral rights I have owned through inheritance since 1987 qualify as Long Term Capital Gains (i.e. 15% tax)? How is the basis calculated?

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4 Replies

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I am wondering if anyone is familiar with the next tax laws regarding mortgage interest and property taxes on a rental unit in a 2 family?

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Will we have to pay capital gains on four rental homes we are selling in TN?

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How do I calculate the cost basis for a stock that split multiple times and then sold some of in 2017?

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2128 Views

I spent $542 to upgrade a home security system in a rental apartment. Can I deduct the total amount or would the expense be considered a capital improvement?

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6 Replies 2770 Views

6 Replies

2770 Views

I purchased a primary residence in 2005 for $269k, converted to rental in 2013 with $170k fmv, and sold in 2016 for $225k. Did I really just realize a gain of $55k?

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Do I declare investments as income because I transferred them to a different broker?

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1 Reply 1113 Views

1 Reply

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Do I need to report dividends from robinhood if the amount is under $20?

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1 Reply 3288 Views

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I have two rent houses, but this year Turbo tax didn't print out one of the forms 4562. It still depreciated both houses correctly, so I'm assuming it's not important.

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1 Reply

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Topics with Label: TurboTax Premier iPad

Does the sale of mineral rights I have owned through inheritance since 1987 qualify as Long Term Capital Gains (i.e. 15% tax)? How is the basis calculated?

I am wondering if anyone is familiar with the next tax laws regarding mortgage interest and property taxes on a rental unit in a 2 family?

Will we have to pay capital gains on four rental homes we are selling in TN?

How do I calculate the cost basis for a stock that split multiple times and then sold some of in 2017?

I spent $542 to upgrade a home security system in a rental apartment. Can I deduct the total amount or would the expense be considered a capital improvement?

I purchased a primary residence in 2005 for $269k, converted to rental in 2013 with $170k fmv, and sold in 2016 for $225k. Did I really just realize a gain of $55k?

Do I declare investments as income because I transferred them to a different broker?

Do I need to report dividends from robinhood if the amount is under $20?

I have two rent houses, but this year Turbo tax didn't print out one of the forms 4562. It still depreciated both houses correctly, so I'm assuming it's not important.

Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier iPad