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
We have a rental property and when running a final check on federal,
Turbotax says: "Schedule E worksheet: Passive Operating Loss must be
entered." And shows a blank box for me to enter a number. I have zero
clue what to put here -- I'm assuming this...read more
bb106Posted February 18, 2025
| Latest post 5 hours ago by
aatkinso
I have rented a second home to relative for the full year 2025. It was
about 35% below market in my area. My only expense this year was
property taxes. How do I report this income.
Map1945Posted Wednesday
| Latest post yesterday by
Mike9241
Hello, I am looking for help on how to populate code L at column f on
Form 8949 using Turbotax online as there’s a disallowed loss from a sale
to family member.
TT is carrying forward my NOL for passive income from previous years.
However, does Turbotax know to apply the 80% income limit for the NOL
deduction, which was part of the tax law act in 2018. As an example, if
my NOL carryforward is $150,000 and I ...read more
I have Premier desktop installed on a PC. I go through the import
process for both Schwab and Vanguard, and it seems to run properly
(including the message: "Success! We got your tax data.") . However, I
cannot then "continue" to a new screen. If I h...read more
I was diagnosed with Prostate Cancer. In October I flew to Arizona from
Idaho to meet with the Mayo Clinic regarding Treatment Options. I spent
2 nights there in a hotel and used Uber as Transportation once there. It
was decided to head down there in...read more