Investors & Landlords Tax Forum Q&A

How do I enter stock sale with no cost basis or acquisition date?

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TT keeps changing rental from 27.5 to 40 years. I always used 27.5. Also TT changes depreciation amt from $2658 to $1700 and puts $958 in Adjustment preferences.

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RSU vested: both income and taxes already in W2

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My rental manager's 1099-MISC lists Box 1 "rents" and Box 3 "other income" covering expenses and late fees from the renter. TurboTax won't allow this. Where do I put it?

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Under the Safe Harbor Election for Small Taxpayers, does the term "the cost of all repairs, maintenance and improvements” include separately capitalized improvements?

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Mortgage interest deduction - Moved to new house in 2018 and converted previous house to rental property

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I sold rental property last year, what numbers should I fill in for the asset sales price and land sales price?

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Do I have to include copy of 1099-B with Form 8949 for LT noncovered transactions (Box E) that were entered as a summary rather than individually?

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Stock exercised one year and sold another tax implications

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On the schedule k1 how do i enter both short term and long term capital gains when buy date is various over two years and sale date is various or current year

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Rental property vacant when listed for sale

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I had 2 rentals, 1 with gain, 1 with passive loss. I occupied the 2nd. Can I use passive loss carryover from home I moved into to offset gain from rental or K1 income.

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How can I elect to depreciate my rental property using ADS depreciation as opposed to GDS?

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California resident: how to report Oregon rental property income?

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How do I determine my capital loss carryover from 2017 to 2018?

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1099-B has Date Acquired as “N/A” How do I enter that into TurboTax?

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How do i carry forward loss on sale of rental property

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Where do I enter mortgage fees for a new rental property. Also, where/how do I enter seller credits

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Are expenses associated from owning a rental property counted as separate from the standard deduction or are they included in the total for the standard deduction

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Did not sell assets in my rental but Turbo Tax marked them as sold

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Capital Gains calculations are wrong

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Hawaii non-resident state tax on rental income: how are rental expenses handled?

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I sold a rental property in 2016 and want to estimate what I should pay for taxes. How do I use my TY2015 Premier TT to run this computation?

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Claiming Savings Bond interest from dead beneficiary

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sold rental property for capital gain and have prior year carryover losses

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I flew to Arizona to work and rented a car. Are my airfare and rental car expenses deductible under business expenses or other deductible area

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How do you calculate depreciation for: a principal residence that rents itself out for the summer, then returns to principal residence for remainder of year?

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Rental property sold: what is my cost basis?

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Is a partial rental property considered as principal residence which enjoys tax exclusion

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We received a 1099-C in 2017 for cancellation of debt for a Rental Property that was sold in a Short Sale two years ago. How do I enter the debt amount for this on TT?

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Is income from a performing rights (BMI, ASCAP) the same as copyright royalties or do I need to file with business transactions?

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What is the proper treatment of seller rent back included in closing statement for purchasing a rental property?

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How to handle rental properties mortgage payments when rental properties are under the LLC (deeds have been transferred) but mortgage loan is under my personal name?

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Rental property depreciation: What asset category for a total electrical rewiring?

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In Apr2016 we sold our rental property. We had repair expenses in the 3 months prior to the sale—furnace replacement, etc. Should I enter these as rental expense or sale?

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How do I use LT capital loss carryover to offset capital gains on an Arizona 140NR Return?

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Two different answers on here regarding how to input Rental Property income/expenses. One says prorate, another says enter full amount. Which is correct?

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Purchased rental property in June 2016. TT asks "Were you the only owners of this property in 2016". Answer is "no", right?

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Can i deduct the 500.00 expenses for cleaning up the lot that I plan to put a rental trailer on in the future

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I lived in my home and in April 2016 leased it out. I put all the numbers in but it does not have anything in the depreciation column. why?

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Where do i enter 1099-div supplemental information from a restricted stock sale

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In 2015 we put vinyl siding on our personal home to prepare to rent it starting 6/1/16, can we depreciate this? We pay on a personal loan each month for the siding still.

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Question specific for Mac computer: I have rental property and Mac computer. Is there a version of TurboTax for rental property and farm expenses?

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My brokerage firm sold some stock, but I think they used the incorrect cost basis information (was incorrect when I transferred the stock). Is this easy to adjust?

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How do I enter expenses incurred for rental property

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How do I elect the ADS depreciation method instead of GDS depreciation on Form 4562?

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I received 1099DIV and 1099B from a deferred account for which I withdrew no money. Do I report this on my tax return and if so where?

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What is my cost basis on a return of capital on foreign ADR stock where 1099-B shows acquired and distributed the same date in the amount of $0.31?

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How do I report Equity Elevator Stock paid out after age 70?

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Sold Investment land and barn rental property

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Are suspended PAL's fully deductible when rental real estate property is sold at a loss?

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Where do I enter Lost Rent in Turbo Tax Premium?

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MAGI on Form 8962 is incorrectly not adding back my rental losses so I am getting a big PTC refund because Turbotax is showing my income below poverty level.

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Exercised and sold ISOs in same year; tax withheld by employer on portion; how do I capture this in the investment sales flow?

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Sold vacation home used for short term rentals for 20+ years. Accumulated losses were copied from Sched 1 to 1040, Line 6 reducing 2018 taxable income. Correct?

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My son turned 18 and his grand mother who lives abroad set up a bank account for him. Do I have to declare it in Form 8938?

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There is no place to enter rental real estate income or loss for 2018 from schedule k1 partnerships. All that is available is 2017. Where is 2018?

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TurboTax Premier 2018 Mac has a bug: the column headers when entering rental property expenses show the wrong years.

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Long term cap gains tax being taxed as short term gains?

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I sold my rental property in 2018, Can I deduct from sale price the closing costs that I paid for the buyer as a "sales expense" of the home sale? give ex of item

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For depreciation, which % should I use for the time used in business in 2018. Is it when you began renting (100%) or the entire year (~42%)?

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How do i enter a loss on the sale of rental home

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How do I enter former passive losses from a rental home converted back to use then sold. Ex. Primary residence converted to rental 2013 rented 2014 2015 then occupied 16.

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How do I claim home office deduction (simplified option) for rental property?

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With form 8453, what if I don't have the cost basis on my 1099B?

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Can I deduct any interest payments on a loan secured by stock holdings?

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Purchased rental condo in HI, managed by a rental pool. Recd 1009-misc with Rents (box 1) and Other income (box 3). TT won't allow both on same form.

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How do I claim the cost of a new A/C I put into my second home that is to be used as a rental. No income received during 2017

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Converted rental property of 6 years to personal residence, TT pop-up says 0 days are personal use, as long as it was rented out for 12+ months.Can I account for remodel?

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What are withholding requirements on sold rental property from feds and california sold in 2017?

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How do I handle capital improvements for 2 family home,I live in one unit and rent the other. I claim 50% depreciation but what about new gutters or electric upgrade

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I have 2 1099 Misc forms one is for the oil & gas lease - Box 1 rent. The other is for the royalties from the oil and gas lease - Box 2, where do I enter these?

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I have rental property out of state, do I need to file a non-resident state form?

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I have rental income loss on Fed return. The property is in IL but I moved to GA on 7/1/18. How do I report/allocate this loss on my IL and GA state tax returns?

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Do you enter the total amount of property taxes on Schedule E when reporting AirBnB income

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How to Enter Code Q and adjstment amount on Form 8949

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1099B gives 2 acquired dates but stocks were sold from 5 buys. I have trade confirmations for cost basis. Can I enter total sale & total cost basis? Do I send any proof?

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I live in Massachusetts and own rental properties in new Hampshire. Do I need to file NH tax return for the rental income?

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In 2016 I converted my main home to rental property, then sold it in 2018 at a loss. Do I treat this as sale of my main home, sale of rental property, or both?

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Rental prop where is "Sale of Business Property" section to enter rental property that was not rented in 2017? How do I update cost basis due was primary residence prior?

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Home improvements while getting the property ready to rent and home not rented for 45 days after I moved out

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How and where do I enter option assignments a) the original short option transaction b) the purchase of the assigned stocks c) selling the stocks ?

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Are US Saving Bonds and their interest taxable if they were received as part of our inheritance?

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I assume the previous years boxes on the screen to “Enter Any Rental Income” should read 2017 and 2018 and not 2016 and 2017. This is on TurboTax Premier 2018

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Do I say that I have no home loans in the deductions & credits section if my only home was converted to rental propety and all mortgage data entered in rental section?

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When entering purchase date for a rental property (converted from personal use), do I use the original purchase date, or the date my husband died and my basis stepped-up?

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Should I amend the tax to include a not-for-profit rental 51% of FMV? No deductions claimed. Brother with lease occupied newly build in-law unit that cost $85K to build.

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How much capital gains tax do I owe to Michigan if I moved mid-year?

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Sold covered & noncovered shares of mutual fund, cost method: average cost. Don’t know specific noncovered shares sold. How fill out “date acquired” on form 8949?"

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I have large capital gains for 2018 because of a stock merger sale. Is there any way to defer or sprread the tax burden of that involuntary event?

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I have two homes I converted to rental properties are the consider at risk

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How to report RSU sell to cover if have not sold any RSUs myself?

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I own a rental property that has leased solar panels on the property. Am I allowed to deduct the monthly lease payment for the panels as an expense?

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How do I correct one of my rental property's address?

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Question on depreciation - I had a 30 year mortgage loan on early 200s, then refinanced for 15 in 2012, and turned it into a rental in 2013. Do I need to update/change?

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Where do i enter interest paid on rental property sold, the property was sold in 2014, so the property is no longer in my rental property list

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When my rental home was vacated by the tenants, I did some plumbing & painting repairs as well as replacing old carpet with ceramic tile. Where do I enter this?

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Own two houses, one categorized as investment property. Allowing my son's family to use it, no rent. How do I report this?

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TT 2018 (Premier) Bug: wrong previous and current year column labels. Column labels need to be updated to "2017" and "2018" in (at least) Rental Property expenses.

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Can I switch what rental property I deduct mortgage interest on?

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Have Condo purchased in 1999 and remodeled in 2017. Converted to rental 4/1/18. I am confused as to where to record the remodel costs.

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Is a new storage shed for a rental a captial improvement?

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Primary home convert to rental, have extensive repair expenses but not yet rental income for the tax year

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How to file jointly when each one of us have our own capital loss carryover?

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Rental condo was purchased in 2015. Worked on it for 2 years. Never stayed there. Put in in service in 2017. Can I add 2015 and 2016 depreciation to 2017 tax return?

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We lived in a home from 1/18 to 6/18. The house was available to rent in July, but no tenants moved in during 2018. What is our Days Rented at a fair market price ____?

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If we sell our rental property at a loss can we deduct the loss?

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Live in NC but have rental property in az, in what state do I pay taxes on the income?

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I rent out 1 room in my home. When entering utility exp, do I apportion the amt? EG: room is 20% of home sqft, all utilities are $2K. Do I only enter $400 as utility exp?

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Married filing separately how do I report joint investment accounts and rental property? Live in NC so not a common property state. Thanks.

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Purchased rental mid Dec. Paid Dec HOA+prop taxes in closing costs. Rented 15 days but management co. paid me mid Jan. Can I deduct HOA + taxes for Dec on 2018 taxes?

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Where to enter Section 199A Dividends which were listed on my 1099DIV line 5 ?

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Why does TurboTax calculate depreciation on my rental house and then enter zero on Schedule E?

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Is this qualified business income? New question under the asset Rental Summary section, assets depreciation.

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How can I report my cryptocurrency trading? My version does not have cryptocurrency report

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Unsure of how to calculate basis for DVMT shares exchanged in Dell's DVMT buyout 12/18. Is my DVMT basis FMV ($47.20) or is it dependent on original basis of EMC shares?

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Utility expenses does not have 2018 year for rental property .. when will the software show 2018?

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I received a 1099 R for my ESOP manditory distibution to STOCK, where to I enter that. it’s not been cashed out.

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I sold stock and reinvested 100% through a different brokerage account. How do I record this (assuming I don't have to pay tax)?

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My second home was vacant and I decided to convert it into rental. I renovated the house with new interior, paint etc. However I couldn't rent, can I deduct the expense?

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What is the "Date placed in service" for a newly purchased rental that needed extensive remodeling prior to putting it on the rental market?

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Do I (where do I) put suspended losses in TT Premier from a converted rental to primary in 2013 and sold in 2018 -TT keeps deleting the property since no activity?

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Sale of Rental Property. Improvements to same property (roof, hvac) were reported as repairs, not assets, in 2013. Can I add them as assets now? How calc depreciation?

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How do I determine cost basis for RSU/ESPP during cash/stock exchange acquisition?

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I need to add 2 more rental properties. The answers online are at least 2 years old & don’t work

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Turbo Tax for Rental Property LLC and Home Taxes

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Have Rental property:rent below market to family member. Premier calculates depreciation on property; under these circumstances tax code does not permit depreciation?

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Hello. I filed all of my cryptocurrencies (mainly losses, yikes). I added each individual trade, date, cost basis, etc.. Do I need to mail a copy of my 8949 to the IRS?

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Where do I deduct repair expenses (including mileage and M&IE) made after the renter moved out. The house will be sold in 2017.

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I received a 1099b that shows I sold stock but had taxes taken out of proceeds how do I enter it into turbo tax. Do I adjust the sales proceeds for the tax?

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DOES THE PREMIER SOFTWARE CALCULATE THE DIVIDEND, INTEREST AND CAPITAL GAIN/LOSS NUMBERS REQUIRED BY THE TAX FORM?

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I paid off my mortgage on a rental with savings, took a loan on home equity line of credit for the balance i owe. where do i enter the information.

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Do you have a TurboTax Online account?

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