Investors & Landlords Tax Forum Q&A

Investors & landlords

Video Guide: Reporting the Sale of Your Rental Property

While selling a rental requires specific reporting, it doesn't have to be stressful. Our TurboTax Community Tax Expert Video Tutorial walks you through the exact steps to enter rental property sales in TurboTax. Here’s a guide to the key tax terminol... read more

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

multiple livable spaces on 1 property

I have just bought a house with a good amount of property.I have my main house that my family of 4 live in. Recently remodeled another home seperate from the main house but still on my property. A 1 bedroom that my brother is living in now. Basically... read more

How to handle income, expenses, and depreciation from inherited co-owned rental property

I co-owned a rental property with my mother. She passed away in 2024, and I inherited her half. I now own 100% of the rental property. I am not sure how to account for income, expenses, and depreciation now that I own 100%. On 2024 taxes, I created t... read more

Where to I enter incentive stock options that are exercised and held?

I have a net operating loss to carryover from 2024. It appears the correct page for me to enter the 1099-B info is asking for investment information (I don´t have)?

My 2024 return has Federal 1040 Net Operating Loss Worksheet and a negative Adjusted Gross Income. Is it possible to enter either of these to offset?

how to enter a step up in basis on my rental property

my wife died jan 5 last year, 2025. we are in california, so i want to step up the basis of the rental property. in california, we can step up the entire property. how do i handle that in turbo tax

K1 on a QSBS

How do I note that the distribution is from a QSBS and then file a 1045 extension through turbotax?

This answer has been verified for accuracy by an Intuit expert employee Purchasing a home with a child - primary residence?

We are purchasing a home with our child, for her to live in. We will be on the title, as will she. We own our own home. She will live in the home - we will not. It is not in our state. Neither our state nor hers has state income tax. My understanding... read more

MARRIED FILING SEPERATE IN A COMMUNITY PROPERTY STATE - ACTIVE DUTY MILITARY

I lived separately from my husband during ALL of 2025. I currently reside in Texas which is a Community Property State. I have been living in Texas for the past 3 years, however my home of record is Florida. I own a home in Texas and I also have a Te... read more

Can I claim a capital loss from lost cryptocurrency due to a cryptocurrency investment scam?If so, how would I do this?

Last year I lost about $4500 due to a cryptocurrency investment scam. I'm not sure how to properly record this as a loss on the forms. I should clarify, this was due to a Ponzi-Scheme type of loss (Shizupan/"Pig Butchering" scam).

how to report 2 for1 property like kind exchange in 2 different years

In 10/2025 property A was sold , did a 1031 exchange and filed an extension of my 2025 tax return because I am not sure what to do with this situation. In 2/2026 property B was sold, did a 1031 exchange and both 1031 exchange was completed on 05/01/2... read more

This answer has been verified for accuracy by an Intuit expert employee I don't know cash basis of the stocks

I filed single. I got slagged by the IRS. There is a schedule A-1 attached for a "married couple with deductions" I have no idea where this came from.

I need to talk with a live agent

On the state tax portion (HI nonresident form N-15), but the rental info page has populated my FL home information and I don't see how I can edit? (Own in FL, rent in HI)

Lived in HI less than 3 months in 2025 and here on PCS orders (DoD civilian) and trying to file HI state taxes, but the "Hawaii Rental ID" page populates my FL home info and I don't see where I can edit or even delete. Any help is much appreciated!!