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

Can you expense kitchen cabinets if replacement was necessary in a rental property?

A tenant neglected the kitchen hygiene which turned the kitchen into a harbor of insects and roaches. In addition to that, the cabinets wood started to have mold on it. The cabinets needed to be replaced. Is that considered a repair or improvement?

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I'm stuck in a check this entry loop. QBI Passive Op Loss

I'm stuck in a "Check this Entry" loop: QBI Passive Op Loss must be entered. I'm not sure what number to put there, but doesn't seem to accept any number. I've tried zero and I've tried entering the passive disallowed loss from the smart worksheet ca... read more

What is the best way to allocate my interest and taxes if I have a rental property? IRS Method or Tax court Method?

I need to report 2 sales of CUSIP common stock but I don't see that option in type of investments for turbo Tax's 1099-B

Turbo Tax lists the following options: Employee stock purchase plan (ESPP) Nonqualified stock options (NQSO) Incentive stock options (ISO) Restricted stock units (RSU) Restricted stock awards (RS) Stock (non-employee) Mutual fund, index fund, or ETF ... read more

How can i fill in Capital Loss Carry over if filing jointly for the first time?

We are filing jointly for the first time this year. There is a screen to fill in Capital Loss Carry over but it is only for 1 person. How do we can we enter details of both of us? Some older answers suggest to just sum all the numbers but that doesn'... read more

can a rental property a ADU that is attached to your home and you manage be used as a QBI safe harbor rental property?

Rental property expense showing "Not started" even after entering expenses?

Depreciation for partially owned rental property

I have 50% ownership of a condo that is rented via Airbnb. For all of the income and expenses, other than depreciation, it appears that Turbotax is correctly giving me half of the total value. But for depreciation it appears to be giving me 100%. I l... read more

Original loan 2017 refinanced in 2020 rate and term or cash out for purpose of tax

We had an original loan of 708k in 2017. We refinanced to pay off mortgage assistance we also had when we purchased the house. When we refinanced in 2020 funds to borrower (us) was 0 shown on the documents and due from Borrower at Closing 04a Payoff ... read more

Rental: 1099S not matching 4797 + 179 depreciation

I had a rental property(no personal use) from Sep 2015 and sold it in Apr 2025. Using TT Home and Business edition. I have 3 questions1. The 1099-S I got from settlement company reports 215k of gains, while based on all my calculations, upgrade expen... read more

Turbotax is deducting all of my Schedule E losses, even though it exceeds the $25K threshold - why?

Hi there, I've been using Turbotax for years and was surprised when it calculated a huge refund for me. When I look why, it is because it is deducting my full Schedule E loss, which far exceeds the $25K threshold - it was a rough year. I'm not a real... read more

Mortgage interest deduction for rental property

I have a detached rental property (cottage) which is included in my mortgage. It was calculated to use 26% as a deduction for the cottage. The 1098 which Turbo Tax imported, includes total interest paid. Do I input total or the 26% Cottage rental pro... read more