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

How do I enter my replacement properties from an exchange in TT desktop?

I did a 1031 exchange of 1 rental property ($750, acquired 1994) for 2 rental properties in 2024 ($790k for both). I have entered the 8824 info and have a basis in the replacement property ($338K), my exchanged basis ($254 for both properties) and my... read more

Form 1099 B

I have a 1099-B form labeled "Proceeds from Broker and Barter Exchange Transactions Box OMB No. 1545-0715" from Morgan Stanley Capital Management. It has been reported to the IRS and is related to a savings account that my wife and I opened last year... read more

Primary Home. 1 bedroom Rented. How is this filed?

I live in my primary home, and I also rent out a room full-time (all year). The house is occupied by three people, me, my wife and the renter. So roughly 1/3rd of the property is used by the renter. I got a 1099K from an online service. How do I file... read more

Form 4562 Special Depreciation Allowance Error

Getting this error on all my assets: Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are car... read more

How to calculate capital gains/losses for exercising ISO, Paying AMT, and selling the following year

Hello I'm looking to know how to calculate adjusted capital gains/losses for the following situation:I exercised ISOs early 2021 (just before my company went public) and heldIn my 2021 taxes, I paid AMT taxes on the unrealized capital gains from exer... read more

rental properties information don't transfer after transfer previous year tax file success

I did transfer 2024 tax file to 2025 success. But rental properties information didn't transfer. I need depreciation forms from previous year. What I should do?

If I payed 13,000 for rental and gas fees6000& rental 1600 month x5sept,oc.nov,dec, January 29,000 profit 1 15 year old daughter dependant& head of household.

form not in turbo tax

Hi, what I am saying is the following: I purchased a washing machine for my rental and need to add it to the asset section in Turbo Tax...unfortunately Turbo Tax does not have this form ready. Someone posted they are not expecting it till at least Fe... read more

Hyperlink Error - Misc Supplemental Expenses in K1

Hello, This needs to go to the TT build team. Here is another hyperlink error. Going thru K-1 to Misc Supplemental Expenses Clicking on "How do I enter Home Office..."When selecting the hyperlink "IRS Public ....".......it brings up 2024's tax guide ... read more

Reporting Accrued Interest On a CD that hasn't reached maturity

I have a CD that doesn't mature for another 9 months. My understanding is that I am still liable this year for the interest that accrued for the 3 months in this year. But I will not get a 1099-int as the interest was not reported by the bank. Does t... read more

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

I retired my rental property from business use and converted it to personal/second home use in 2010, and I sold it in 2025. When I work on the "Sales of Business or Rental Property" section, it says: ...If you used the property partly for personal pu... read more

transfer information from 2024

I have same issue: rental properties information doesn't transfer from 2024 tax file to 2025. What I should do?

Rental property tax deduction

Can I put Rental property tax I paid for 2025 under both itemized deduction and schedule E rental property income? Thank you!

Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax retur

Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are carried forward from my 2024 tax return and are 2021, 2022, and 2023 asse... read more