Investors & Landlords Tax Forum Q&A

Sale of Rental Property that was converted to personal use (second home)

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Where do you report earnings on excess Roth IRA contributions

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How do I get Turbo tax to classify me as a material participant in a rental property?

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Can I claim a capital loss from lost cryptocurrency due to a cryptocurrency investment scam?If so, how would I do this?

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TurboTax Online Incorrectly Restricts Non-Passive Classification for Material Participants

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How do i enter prior year's unallowed losses on an 8582 form for rental prop? My cpa did that last year and not sure how to do that on turbo tax.

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5 Replies 551 Views

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551 Views

Rental Property Sold - Capital Gains, Depreciation Recapture, Income, etc

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K-1 Distributed Capital Showing up as a Capital Gain

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Rental property converted to Primary and back to rental then sold

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Turbotax is incorrectly making me pay long term capital gains tax

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What does "Form 1099-B Worksheet. Cost or Adjusted Basis must be entered" mean?

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38 Replies 20053 Views

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QBI carryover from prior year for Sch E

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1 Reply 6013 Views

1 Reply

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Depreciation and Amortization Report for Schedule E

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1 Reply 8525 Views

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1099-B imported incorrectly?

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2 Replies 8000 Views

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How do I remove a rental property?

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How to enter short sale transactions imported from ETrade

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1 Reply

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For the "How did you receive this investment" field, why isn't "Return of capital for fractional shares or cash in lieu" an option?

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Does switch from Standard Deduction to Itemized Deduction effect Net Investment Income Tax

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Form 8582 line 1c help!

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Sold out-of-state rental property but failed to file nonresident return for rental in previous years

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8 Replies 3688 Views

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Unable ot input prior year special depreciation

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7 Replies 5831 Views

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How do I determine what entry the system needs me to check?--- "Form 1099-B Worksheet (xxx): Cost or Adjusted Basis (Positive Amounts Only) must be entered."

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1098 entry

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Rental property questions

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1 Reply 2343 Views

1 Reply

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K-1 Income not being reported in income summary or in 1040 preview

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5 Replies 1765 Views

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efile or print and include form 8990 and mail the forms?

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6 Replies 3814 Views

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How to input partial rental property depreciation/expense while owner occupied

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Farm Income Keeps Doubling

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1 Reply 212 Views

1 Reply

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Switch from rental management company to self-management

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3 Replies 2151 Views

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How do I enter my property tax and mortgage interest on a property that I lived in part of the year and rented for part of the year?

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4 Replies 7248 Views

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Zero cost basis transactions

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17 Replies 3638 Views

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Dual 1099R (Code H and Code G) end up being summed up as total in tax reporting, normal

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1 Reply 512 Views

1 Reply

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Not able to change filing method (resolved)

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Converting primary residence to rental - accounting for tax and insurance expense

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1 Reply

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How to calculate cumulative depreciation from form 4562? I see there is prior year and current depreciation. Do I simply add that up to get the total depreciation?

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Are stock sells considered CA sources for partial residents? Schedule D (540)

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Same issue with being asked to enter Passive Operating Loss

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Depreciation recapture when selling primary residense

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9 Replies 5690 Views

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Why, in TurboTax, are my long-term capital gains being reported as normal taxable income?

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27 Replies 10056 Views

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TurboTax Premium Online - Unable to find wizard to enter rental sale of property information

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Partial Rental of my primary residence to input percentage of time

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2 Replies 3306 Views

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Does TurboTax Online support multiple Schedule Bs on NY IT-203-F for 2024?

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1 Reply 1285 Views

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Primary residence converted to rental - mortgage interest -

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3 Replies 3784 Views

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Sold US treasury notes and on the 1099 B from Fidelity it shows a gain of $4,019 but it doesn't import correctly on Turbo Tax

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1 Reply 788 Views

1 Reply

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Stuck in Federal Review for stocks, mutual funds, bonds, other

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26 Replies 5186 Views

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I'm getting taxed in the wrong state for my rental property income

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How to report SSDI below market rental in my home.

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How do I enter my startup expenses for my rental property?

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8 Replies 11897 Views

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Unable to edit stock transaction sales (missing icon/button)

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3 Replies 1198 Views

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My 1099B has sales where gain/loss doesn't match the proceeds minus the cost basis due to short-to-longterm capital loss conversion. How do I enter a different gain/loss?

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I moved from California to another state. I had capital gains/losses, almost all in the stock market. How do I interpret the Allocating Capital Gain or Loss screen?

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7 Replies 5183 Views

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is there a change in turbotax this year as to how to enter rental expenses when the rental is a part of your own personal home?

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Schedule E

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1 Reply 314 Views

1 Reply

314 Views

Rental Property Basis of Depreciation Shows Differently on Form 4562

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How to enter my Rental deduction

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How do I delete a stock sale

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Ally Invest Consolidated 1099 Not Imported

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cannot manually enter capital loss carryover

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RENTAL PROPERTY DPRECIATION

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RSU cost basis issue

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Rental property in another state. Do I need to file for that state even though I don't live there?

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If I rent out a second home occasionally on airbnb, is that considered rental income even though the house is not a rental property, or would it be miscellaneous income?

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Rental flooring improvements vs repair

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How do I fix TurboTax won't let me enter date acquired for stock on 1099-B worksheet?

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Rental Property: Switching from "Use IRS Method" to "Use Tax Court Method." When I click on Use Tax Court Method nothing happens. It won't change. How do I do this?

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Primary residence to rental and repair and utility expenses prorated

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1099-b being attached instead of 1099-s

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Huge amount of federal tax due after sale of rental property

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State Tax on Iowa Non Resident Income from Rental Property Loss

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How to report "not for profit rental income" in TurboTax?

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duplicate property tax deduction in turbotax because i rent out my own place?

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Final K-1: Want to take advantage of passive losses that have accrued, if possible

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Where do I enter repairs/maintenance for my rental property?

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Schedule D Form

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1 Reply

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nonresident income in KY

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1 Reply 3761 Views

1 Reply

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8594 asset acquisition statement - I sold a rental property last year in January, 2018. Do I need to file 8594?

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3 Replies 2969 Views

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W2 Box 14. If the Description refer to stocks (RSU, SAR), what is the appropriate "Category" to select on the turbo tax form?

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After entering totals for 1099-B instead of individual rows, where is TurboTax's attached statement, and where is the form I have to mail?

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Sale of second home that was lived in for more than 24 months in the last 5 years

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Should I use the box 2a on my mutual fund 1099div for capital gains. I received no 1099b for my fund?

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1099-B with both reported basis and non-reported basis for RSUs

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Expenses deduction on Rental property

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Sale of second home

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1 Reply

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How import Shareworks to turbotax

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1 Reply 1700 Views

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How do I indicate conversion of a rental property to primary residence, if I purchased the property, rented it, and converted it in the same year?

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For people leaving California, can capital gains on stock be calculated using the resident to nonresident ratio of days, or must I use the date the stock was sold?

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How do I report stock sales if I didn't get a 1099b?

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Does undefined work mean the work you complete or the work you didn't do relating to miles driven to fix up rental property?

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How do I enter a 1099-B Proceeds from Broker and Barter Exchange Transaction

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1099-Misc box 3 on rental property

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1 Reply 3086 Views

1 Reply

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Have 1099-B from Acorns but Can't Import

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13 Replies 8883 Views

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Vacant Rental Property Expense while preparing for Sale

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sale of second home

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How can I generate Form 8949 to account for Crytpo capital loss?

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interest in a public traded partnership and investment expenses (Noncovered with undetermined holding period)

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1 Reply 3600 Views

1 Reply

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Replace windows as "Improvement" or Reduce duduction as "Expenses" once we have loan?

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Does TurboTax allow importing of Schedule K-1 ?

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1 Reply 1960 Views

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1960 Views

What can I deduct from capital gain of selling inherited rental property?

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1 Reply 2209 Views

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Replace windows replacement for Resential Rental Property after tenant move in

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Turbotax not prorating 1098 interest

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0 Replies 1297 Views

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Depreciation tracking now that forms aren't provided

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1 Reply 3130 Views

1 Reply

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Problems importing Stock transactions on a Mac

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8 Replies 1998 Views

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I have a net loss on a rental property but Turbotax says I can deduct "zero". I'm pretty sure in previous years the deduction was the same as the loss. What's wrong?

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TurboTax doesn't display loss when sales expenses exceed gain?

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1 Reply 1990 Views

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1990 Views

Data export

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1 Reply 748 Views

1 Reply

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My wife died in 2022. In Turbotax, how can I Step Up the cost base of our rental property to get more depreciation? Can I update the original Cost to reflect the Step Up?

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43 Replies 6460 Views

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Prevent Turbotax from deducting Capital Loss

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Rental Property Loss Carryover Screen - TT Online 2022

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I paid an independent contractor >$600 for repairs on my rental property this year. I've issued a 1099-MISC to the contractor. How do I report this to the IRS?

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Offsetting Short Term and Long term gains in the same year.

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2 Replies 1170 Views

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Turbotax Not Calculating Rental Property Depreciation Cost Basis Correctly

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1 Reply 3347 Views

1 Reply

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Virginia Return with PTET Credit not available for E-File

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Crypto CSV import STILL not working.

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1099-K Rental Income Includes 1 Month of Income Reported in Prior Year

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1 Reply 2299 Views

1 Reply

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TT is forcing me to enter a sale of an asset that I did not sale

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Why won't the software accept that I have zero royalties to report?

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23 Replies 5614 Views

23 Replies

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duplicate asset on form 4562 Depreciation and Amortization

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1 Reply 1105 Views

1 Reply

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Why didn't TurboTax import my Capital Loss Carryover?

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20 Replies 10303 Views

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I have a 1099 B for the redemption of two CD's, how do I report them and what Type do i list in the sales info section i.e. stock, bond, mutual or other?

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I have normal passive carryover from last year. But a 465D at-risk carryover appears in "other expenses" section. It won't disappear even I removed it.

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Wind Farm Good neighbor agreement

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I purchased a new refrigerator and washer/dryer for my rental property. How do I deduct the expense? I didn't see an option to include new purchases just repairs.

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When reporting rental income to a non-resident state do I enter the gross amount of income or the Federal adjusted amount?

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ICICI prudential life insurance policy

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Capital loss carryover and documentation from prior years

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Rental Carryover Loss on NJ Returns

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How do I get Turbo tax (using online TurboTax premium") to classify me as a material participant in a rental property without classifying me as a real estate professional?

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1 Reply 6773 Views

1 Reply

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Depreciation recapture due to energy efficiency rebate on HVAC equipment

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4 Replies 9038 Views

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Capital Gain Carry-Over

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Rental Property Deductions

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1 Reply 6791 Views

1 Reply

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In my rental property info section, I've entered in values in various expenses/assets (depreciation) but TurboTax says "not started" and returns 0 on the summary page.

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8 Replies 4086 Views

8 Replies

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How to report an improvement of rental property that occurred in the same year the rental property was sold.

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1 Reply 4328 Views

1 Reply

4328 Views

Issues reporting a rental property sale ("Special Handling Required?")

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1 Reply 5144 Views

1 Reply

5144 Views

Rental income is total rent minus mortgage payment correct? Or do I just list total rent collected then ithe program will ask about mortgage later?

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25 Replies 39513 Views

25 Replies

39513 Views

Visited rentals out of state

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1 Reply 1194 Views

1 Reply

1194 Views

Improvements/repairs to rental property prior to sale

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36 Replies 36660 Views

36 Replies

36660 Views

What do I classify a matured CD (Certificate of Deposit) as under the drop down menu for "What type of investment did you sell?" Stock, Bond, or Mutual Fund?

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16 Replies 11153 Views

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My stock losses are not being counted on the PA state tax calculation. I can't find a way to change that. How can I make them appear?

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8 Replies 3752 Views

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Sale and purchase of timeshare vacation ownership

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1 Reply 1572 Views

1 Reply

1572 Views

where do I enter a 1099-INT for my LLC

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3 Replies 2579 Views

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2579 Views

Sump Pump Replacement at Rental Property

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I received $17,874.10 from an insurance claim on my rental property for water damage. how should I report on turbotax?

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I only made less than $10 in stocks last year. Will I get in trouble if I don’t file the stocks in taxes?

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Amended 2022 return issue with cost basis for 1099B

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I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses?

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14 Replies 8209 Views

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Renter's credit form for renting out a room?

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1 Reply 7448 Views

1 Reply

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Wash sale

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Can I utilize more than $3k in capital loss carryover next year?

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How do I interpret and enter my Georgia Form 700 Schedule K-1 (nonresident state tax return)

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17 Replies 15744 Views

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What are the pros and cons of choosing to use active participation rather than passive participation in rental property?

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Do you have a TurboTax Online account?

Topics with Label: TurboTax Premier Online