Investors & Landlords Tax Forum Q&A

I rent out a room in my primary residence. While I actively manage this room rental, am I allowed to deduct a net loss since I use it for personal use as well?

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Prior Year Depreciation and Amortization Report

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What line number do I fine the passive loss carryover for rental property on the Schedule E?

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How do I report a CUSIP item with proceeds from a sale of rights when the date of sale question is asked and I did NOT sell the stock?

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K1 Box 17 code AJ

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K1 related questions

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K1 State Depreciation

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Question about business vehicle

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I don't know the address where royalties are coming from just the company address

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Mineral rights taxes paid to another state

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FAILED 1031 THAT CROSSES TAX YEARS

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Incorrect AMT Capital Loss Carryover

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1099-DIV and 1099-INT - Should I leave the Mississippi State Income Amount as blank?

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Should I select the option 'I received cash in Lieu of fractional shares' for Box 'How did you receive this investment' in form 1099B for stock spin-off distribution?

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How can I add Federal Tax withheld shown in 1099-B while adding stock sales?

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Inputs for Legal Fees, Title Search, Document Preparation used to determine my cost basis for rental property

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Wrong allocation for part-year rental

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Real Estate Professional loss from Schedule K-1 to Schedule E

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Converting a business + personal asset (car) to personal use- How to report it and recapture the depreciation?

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How do you enter the basis of a rental property acquired in a like-kind exchange? I know what the amount is, I just don't know how/where to enter it.

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K1 section 199A items box 17 code V

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I sold my half share of a owner-occupied duplex last year to other co-owner via quit claim. I am reporting the sale & have questions re: business % use changes, quit claim/settlement, and my sales pri...

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Asset/New Rental Property - How to Populate Land & Improvement Values for Coop Apartment

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How do I report an installment sale for private stock? When I say "I sold stock" and that it's not Qualified Small Business Stock, it says I can't report it (wrong!).

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Multiple transactions for a Form 1065

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Do I need to do anything with a K-1 I received after filing? It is from some stock I purchased and sold in 2020. The sale already reported on my 1099-B.

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Can some improvements and costs for a renting part of a house be deducted or depreciated 100% while others are by square footage percentage?

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How do i carry forward Schedule C Net Operating Loss to this year's Schedule C income?

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Ongoing issues with Schedule K-1 Box 13 AE entries during final review

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Converting a Personnel+ business asset (car) to personal use- How report this and recapture the depreciation?

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Rental cost basis and depreciation

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Does turbo tax automatically carry forward rent income loss from this year to the next? I will be earning higher rent next year and hope to use that to deduct excess loss

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For mortgage points Turbox Tax is complaining On Schedule E worksheet that Only Tangible personal property is eligible for the Section 179 deduction.

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How does TurboTax calculate Form 8960 Line 9B?

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Where do i enter a new loan and points i paid in buying a new rental property in 2018? Entering the data in TT it asked only for recording fees and title insurance.

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How to apply one rental property's loss to another rental property's income? tried combined business but doesn't work.

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ISHARES GOLD - Undetermined Term Transactions For Non covered Tax Lots - No Cost basis or Date Acquired. Proceeds $0.01/month,"needs review",still owned,What should I do?

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I quit claimed a rental to property to my daughter who lived in it. How do I note this on my taxes?

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Mortgage interest deduction for rental property

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Depreciation and Amortization Report missing from TurboTax online 2022

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How can I enter the depreciation on a rent house? Turbo Tax is not showing it although I have used Turbo Tax previous years. I have already paid for but not sent forms.

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Where to enter capital gain & interest for a foreign bank account?

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How can I add investment income from Box 1099-MISC to Form 8960 Part I Line 7? It is not flowing through.

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Box 20 code z

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Entering detailed RSU info in 1099 section

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Passive loss carryover

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How do I enter the information about my sold rental property in the Property Assets section?

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Entering RSUs on Turbotax

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Can't Find Schedule D

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Depreciation from Federal return not showing up on Arizona return

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Question on Rental Properties and Royalties (Sch E) vs. Schedule K-1

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Rental income from Turo active or passive income?

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Tradestation Help-consolidated 1099

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calculating adjusted cost basis requires value of shares sold to be greater than zero

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Rental property expense or capitalize?

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How do I report rental property income earned outside the US for which I already paid taxes in the foreign country where I earned it?

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How to fix incorrect rental depreciation

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My 1099 lists "Gross proceeds investment expense" and this is being listed as sales profits. How can this be fixed?

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How to enter sale information for a rental property

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How to caculate Fair market value for rental property for first time?

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Excess rental expenses

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Where do I enter information for form 3921? When I go to the "Stocks, Bonds, Mutual Funds" area which is supposed to cover 3921, it only allows me to enter 1099-B stuff.

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Sweet Equity

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Prior year capital gain - solved

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For reporting K1 involved in oil drilling, I'm trying to enter the schedule E royalty info, but have no addresses for the properties. What do I do?

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Schedule K-1, Form 1041 (Estate/Trust)

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How to report covered calls ? My 1099-B from broker (Robinhood) has cost basis 0 for these calls and it gets flagged during review

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We had to pay our tenants $4500 for relocation assistance when we sold our rental property in Portland. Can this be listed as an expense?

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How do i enter partial mortgage interest of my 1098 as i rented only 10 months in 2018 and lived 2 months in the property?

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Depreciation Calculation for property placed in service mid-year

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Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

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Did reporting of RSU change for 2023 TY?

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Wash sale of noncovered securities

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State return error due to missing apartment number

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ISO buy and hold versus short term gain

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What's the right "cost basis" for a primary home converted into a rental home?

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I own a few rental properties which I report on schedule E. Can I deduct home office expenses? If so where do I enter these expense?

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I rent rooms in my house. In the asset section on schedule E do I put the price of the house or the rented % price?

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NY Nonresident Busines Allocation schedule

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Manual Entry of Capital Loss Carryover and QBI Passive Loss

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Rent/Royalty

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How to answer the Earned/Rec'd from CA source as if CA Nonresident for the entire year if multiple income sources

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Where should enter QBI Loss Carryforward Prior Year 2023 Turbo tax

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I have an E Trade account in which I purchased shares, but didn't sell any shares with. Do I need to report any forms from this?

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Rental Property: Roof Insurance claim spanning 2023 and 2024

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Do I need to report NQSO/RSU sales from my 1099B if they are already on my W2, and how can I tell what type of sales are indicated on the 1099B if I did both NQSO & RSU?

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Resident of NJ, but sold a vacation home in Pennsylvania in 2023 - TT won’t apply capital gains to nonresident PA return

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1099b upload needed for IRS, but part of a consolidated report

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1099 Turbo Tax Import vs 8949 Sheet Slight Discrepancies

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Bonus Depreciation Carryover Not Working

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If my AGI is 67k, and I am filing MFJ, why were my long term capital gains included in my tax liability?

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How do I report HSA interest, dividends, and capital gains on the New Jersey Return?

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Replacing HVAC in Rental, but still depreciating HVAC from 10 years ago

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1 Reply 903 Views

1 Reply

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Robinhood import failing

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Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

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How to report RSU withheld to pay for taxes?

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Automatic Import of 1099-B is requiring review of all options sold short

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How do I remove a partially-rented out home from service?

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1 Reply 428 Views

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How to use a 30 years ADS depreciation on a foreign rental property

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1 Reply 455 Views

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Where do enter my remaining longterm capital loss carryover?

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Leasing AC Equipment: How to deduct monthly expenses?

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I need a place to enter the avg rental period of my rental property. If <7 days, it gets reported as a business instead of rental, which means it's not passive income.

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38 Replies 4650 Views

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I received a Form 3922. My employer started letting us buy stock. Will not take me to Form 3922, it takes me to 1099-B. What the heck. Turbo Tax is horrible this year.

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Seller Financed loan interest

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Sold a rental property in 2021. Is the mortgage interest paid while unrented a selling expense?

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Land and improvement values

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In 2022, I lived in my house till Oct 31. Rented it out on Dec 1st. Should the Fair rented days be 31 & Personal use days be 304 for "Was ABC rented every single day"?

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Rental property net income

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I rent my house and received the 1098 form, where does the interestprop taxes paid info go, in the rental expenses section? on my home section? or both?

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Do I need to include on my return the 1099-NEC that I sent to a contractor that did repairs on my rental property? If so, how do I do that in TurboTax?

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1099-NEC e-filing

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Renting out half of my home (two story) and living in other half, and how to enter them on income and expenses verses deductions and credits.

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1 Reply 288 Views

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Rental Property in Canada with Under Market Rents

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If I received an inheritance in stock from a trust, the cost basis determined by: a) Cost of stock at purchase prior to receiving it b) Stock value on day of transfer

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Questions about home improvements before placing my rental property in service

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Help Needed with Importing Prior Year’s Tax File and Resolving Issue in TurboTax Premium

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Part Year MICHIGAN resident. How to adjust MI CAP gains. Not all stock sales reported in federal are copied to STATE.

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Inherited property: Transfer on Death or Quit Claim: Best for enhanced basis ?

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Will not allow input of expenses in my rental property

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Where to report rental property mortgage interest and tax info?

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How to recover the remaining depreciation of a replaced roof not fully depreciated

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Can someone please tell me if my dividend gains can be offset with losses on sale of a stock in tax loss harvesting?

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Why did a get tax bill says I owe more taxes from stock sales?

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If I had 100k in short term capital losses in 2022 can I use that to offset 100k of short term capital gains in 2023?

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1 Reply 454 Views

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92 yr old mother residing retirement facility receiving "assited living" services which are additional costs above/beyond rent for lodging. Lodging cost tax deductible?

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Filed in 2016 but just got a $1000+ bill for Colorado Capital Gain Subtraction prob. CO Rev Dept said my house purchase date doesn't qualify for Capital Gain Subtraction.

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If I hired a plumber to remodel a bathroom on my rental side, why must I 1099 him?

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what to put for box 1e cost basis - inherited stock in 2020 sold some some in 2022

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How do I correctly enter Sch K-1, Box 20, Code Z, Section 199A information? Section 199A has Net rental real estate income (loss) and Qualified property.

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Sold a mutual fund this year and made a 10K capital gain. How do I send my tax payment to the IRS for this?

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Can someone help me find where I report expenses for my home that became a rental in 2022 please?

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1 Reply 335 Views

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I sold rental property this year. There were capital gains, but also major repair, upgrade, sales agent costs. Can T Tax assist in filing this part of my 2024 return?

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I'm trying enter the miles driven to/from a rental property I maintain. But TurboTax is asking me to enter my miles to/from work. Why is it asking for my work miles?

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Should I enter long & short term gains/losses?

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1 Reply 265 Views

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I sublet a parking space that comes w/ my rental unit. On schedule e, it asks if I was the only owner? I am a renter so do not own it. Is this the right form, and how do I answer this? Thx.

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Capital loss carryover is showing 0 , how to enter the loss carryover manually ?

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1 Reply 523 Views

1 Reply

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How to lower my rental property depreciation cost basis

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Help entering information about the sale of a rental property

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1 Reply 511 Views

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On schedule K-1, Box 20 Code Z I have a Statement A. There are 3 different numbers on statement A. Which one do i put in code Z? The Rental Income (loss), w2, UBIA?

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Not able to import Robinhood 1099 form

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How do I get form 6781 in TT

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Is Enterprise Products Partner (Stock ticker EPD) a working interest in an oil or gas property that doesn’t not limit your liability?

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Is Cheniere Energy Partners LP a working interest in an oil or gas property that doesn’t not limit your liability? (If so, it won’t be treated as passive activity)

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How do I downgrade from Premier to Deluxe if my return is already in progress? I have no rental or investment income and Deluxe would meet my needs.

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A question about Vacation Home Rental Loss Limitation

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I am trying to figure out where to input the royalty income and associated taxes from a 1099 MISC for mineral interest income. HELP!!!

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Can I expense/depreciate the appliances I bought in 2021 for my 2022 rental tax deduction?

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Final K1 tax computation Schedule D vs 4797

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I have two rental properties listed on the same 1099. How do I split them

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In turbotax premier, how to fill contracts and straddles (section 1256) gains or losses on form 6781? Which screen to use?

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1 Reply 284 Views

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