Investors & landlords

I am wondering if the investment accounts I deleted are somehow still thinking they need to be filled out and not letting me do anything else with TT ?

Invested some money in startup that sold itself with $0 proceeds to investors. So trying to record sale and loss. But none of Turbotax's options seem to allow me to enter the details without providing some kind of financial institution first.

I paid cash for HVAC. It is in Georgia and I live in California.

I once managed my investment account by myself, but later decided to transfer it to another brokerage for professional management. The stock is not traded yet.

March of 2025 rental became vacant. May of 2025 - Repairs were finished, and attempted to rent it out.August 2025 decided to renovate the property. Renovations  will be completed  10/1/2026Turbo Tax demands a date for when I started using it for business, as well as when I put it in service.What date do i use?

Moved from CA to AZ on 1/1/26. Have rentals in AZ and Calif. Previous returns for Calif have all rentals with AZ resulting in Deferred Losses. For 2027 what happens to those Losses as I will not report AZ on the Non Resident return?

The edit feature allows change of all columns except description.

IRS 1031 One for Two like property exchange.Is the Fair Market Value of the Property Given Up apportioned to each property received on the 8824 Smart Worksheet?  Line 7 G in Smart Worksheet .   In my case 40% of the proceeds went to Property 1 and 60% went to Property 2.   

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Can't find anywhere to add my Capital Loss Carryover

I did a 1031 exchange in 2025. The instruction say to go to Federal>Income and select like kind, but no such option exists. What to do?

Even the interest workout sheet with adjustments is showing much lower accrued interest paid than actual.

It's my only home, bought as my primary residence, but I've been living overseas due to military orders for over a year. I plan on moving back when my orders are up and continuing to live in it. I want to make sure I input all my info correctly, but am not 100% sure what it should qualify as.

My tenant got a quote from a landscaping contractor to do repairs to the irrigation system and general yard clean-up.  Tenant is responsible for yard maintenance but I agreed to pay for the irrigation system repairs.  I contacted the contractor to ask them to invoice me directly for the repairs but they did not respond, and the tenant ended up hiring and paying the contractor directly for all of the work.  Tenant wants me to deduct the repair costs from the rent, which I am okay with doing, and I plan to include the repair cost as income and then deduct it as an expense.  In this case, do I need to file a 1099-NEC for the contractor?  I’m thinking the answer is no since I made no direct payment to the contractor.  Is that correct?What documentation should I keep for this transaction?  Is it sufficient to have the invoice showing the repair cost and a copy of an email to the tenant with the agreement to reduce the rent by the amount of the repair?Thanks!

Error message that the total amount entered does not match the amount stated in Box 12 of the Form 1099-DIV

I rented my entire home May 14–July 30, 2025 but TurboTax Online is depreciating the property through December 31. How can I fix this?

I added rental property and added rental income and expenses. Where to enter the purchase price to calculate depreciation. I tried to remove and add again but I am not getting any option to enter purchase price

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Here are the key facts:1. Property bought in India in 2006. Not rented/used as personal until 20122. rented 2012-2023. Reported as rental property in the US fed returns, took depreciation, and accumulated some unallowed losses3. removed from 2024 tax as it was not rented entire year4. sold in Oct 2025. Now doing taxes for 2025, using TT Desktop Home & Business. I see posts suggesting 2 different ways to handle this:(a) add as a new rental property (since it was not there in 2024, TT doesn’t import/has it) - but this doesn’t work, as soon as you say it was not rented for the year, TT deletes it. Some suggest a workaround of declaring it as rented for 1 day and $1 income (which some have said is not correct as it will trigger depreciation for 2025 that is not right)(b) enter as “Sale of Business or rental property” section - seems to work but I am not sure it is calculating taxes correctly (I did enter updated basis by adding all depreciation taken so far) as gain due to recapture sh

I inherited a small partnership in 2025 and sold it as soon as I was able.  I entered the information from both the K-1 and the K-3.   Under the Smart Check option, I keep getting the error:“Foreign interest expense allocated at Partner level is listed but no foreign source income at individual level has been listed on the k-1 Additional information worksheet line 1.”It then shows line 2 of that worksheet with the total interest expense and all of it being US sourced and zero as foreign sourced.As background, there is interest expense I entered.from the k-1.  On the k-3, there is no foreign source income listed on Part II, Section 2, line 41 columns b, c, d or e. So basically just trying to get around this error.  I’ve tried playing around with different inputs and not getting anywhere.   Thanks for your help

I’m using TurboTax Desktop for a 2025 MFJ return. I have a foreign PFIC taxed under the default Section 1291 method. TurboTax does not support Form 8621, so I prepared it separately.Simplified numbers:Form 1040 AGI: $260,000 Total Section 1291 amount: $5,000 Current-year allocation (Form 8621 line 16b): $1,500 The $1,500 is already included in Form 1040 AGI The remaining $3,500 is allocated to prior PFIC years and is not included in regular gross incomeTurboTax originally shows:Form 8960 line 6: blank Form 8960 line 13 MAGI: $260,000My reading of the Form 8960 instructions suggests:Line 6 = $5,000, because none of the Section 1291 amount is otherwise included on Form 8960 lines 1–5 Line 13 = $263,500, because the $3,500 prior-year portion should be added to AGI for NIIT MAGI purposesCan someone familiar with Section 1291 PFICs confirm:Should Form 8960 line 6 be $5,000 or $3,500? Should line 13 MAGI be increased by $3,500? Is there a TurboTax Desktop input for the line 13 PFIC adjustmen

If one unit of a 4plex is to have all six windows replaced then is that a repair or a depreciation?  I was told that since I am only replacing the windows of one unit during turnover that the IRS looks at the building as a whole and since this isn’t all, or nearly all the windows, that I should be able to write off this less than $5000 expense as a 2026 Repair vs. depreciating over 27.5 years.  Thoughts?

it’s only showing my 2024 one and asking to change the date only

Do I really have to report this if it costs more to report than what I gained (which was actually a loss)?

depreciation on rental property