Investors & Landlords Tax Forum Q&A

Investors & landlords

All About Rental Real Estate & Vacation Rentals

You’re in great company if you’re thinking about joining the rapidly expanding group of real estate investors. Whether you want the adventure of becoming a full-time landlord or simply looking to make a little extra cash by renting out a room - or yo... read more

when will the rental property update be available for Turbotax 2025 desktop? It's January 3rd, and it's not available yet

Lease RV space with shared portion of building

I live in an RV on property I purchased in May. I rented out an RV space for another person who lives in their RV for the month of December and the lease extends through next year. We share facilities in another building on the property. How would I ... read more

Thee 475(f) election

A friend of mine is thinking about making the 475(f) election when he/she filed her 2025 income tax return. I understand the election would start applying in 2026. The primary benefit for the friend would be that the wash rule would go away. However,... read more

I own rental properties. Can I deduct the cost of buying a light truck that will be used 100% on the rental properties?

can Turbo Tax handle ending rental on a 1031 Exchange?

Stop rending property bought through 1031 exchange?

NUA Stock Sale and 3.8% NIIT

I have NUA (net unrealized appreciation) stock from my employer which was distributed last year (Sept, 2022). I paid ordinary income tax on the cost basis, which was reported in Box 2a of my 1099-R. I have already sold some shares in 2023, so the dif... read more

Does "stepped up basis" work the same with property inside an LLC ?

My mom has a rental property inside an LLC. The LLC members are her and my deceased father (2017).They purchased the property in the 80's (~50K), created the LLC in early 2000's.The property is worth ~$300K now. How does the cost basis "step-up" in t... read more

Selling an aggregated rental property that was once primary residence

I converted a primary residence (lived in since July 2018) to a rental property in April 2025, spending several thousand dollars preparing it. I was unable to secure a tenant throughout 2025. To maximize my tax savings, I plan to aggregate all of my ... read more

find capital loss carry over from prior years

how do I find this

I have been using a tax preparer but he only wants to do my taxes online even though U have been going to his office for 18 years and he charges me a lot. Now, I will try Turbo tax. Question: I have a 2 member LLC, as per prepare recommendation.

My part is 99.95% and my son is .05% I want to take him out to simplify my taxes. What do I take?? Do I need to pay my son something. The rental units were under my name before the LLC was formed.

In 2025 I made gains futures trading on a Crypto exchange making 2 small trades each day. What information do I need to prepare in order to file?

K-1Real Estate loss from 2021 does not show up on tax return to carry forward

in 2021 I purchased part in Real estate LLC. Net rental loss on K-1 does not show up on my tax return to carry it forward my passive losses.I also purchased another rental property in 2021, only losses from that rental do show up on my 2021 tax retur... read more

K-1 Passive Rental Loss does not show up on tax return for 2021.

Should K-1 Rental Loss in 2021 TurboTax Home & Business automatically show up on schedule E, or should it be entered manually?

2025 Desktop Advantage Premier program will not import my 2024 return prepared filed with TurboTax desktop Advantage Premier program

The 2025 TurboTax Mac Desktop Advantage Premier program which I downloaded from TurboTax will not import my 2024 return prepared and filed with the 2024 TurboTax Mac Desktop Advantage Premier program. The 2025 program identified the correct 2024 retu... read more