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

I have capital loss carry forward of $3000 but my tax statement is only offsetting $1900. Why is this?

Erroneously generated Form 4255

Turbotax erroneously generates Form 4255 for Illinois. If I were to delete it from the Forms view, it generates it again

CT Income adjustments

One of my mutual funds reported approx 25% of income reported was derived from U.S. obligations .... But the fund assets are not invested in over 50% of U.S. obligations .... Can I still make an adjustment ( deduction) to my CT income for the value o... read more

Determining Cost Basis on Form 4797, Part I, Line 2f

Background Info:I am reporting the disposition of a car that was put into service for rental property use 2 years after being purchased (Purchased in 2011 and put into service in 2013). For the part-time business use, I only ever used the Standard Mi... read more

Using turbo tax screens, how to enter a sale of NUA stock, therefore paying capital gains rate on the appreciation, but excluding that from NIIT calculations?

TurboTax help tells me: The NUA amount (the appreciation) is not taxed until you sell the stock. When you sell, the NUA is taxed at long-term capital gains rates. Excluding NUA from NIIT: The NUA portion is generally excluded from Net Investment Inco... read more

I sold stocks but won't receive a 1099-b. How do I report these capital gains?

I purchased stocks as part of stock options and in 2025 there was a put/call and a liquidation event, so I was able to sell those stocks. The firm that facilitated the sell said they would not be sending out a 1099-b. How do I move forward with turbo... read more

How to get Turbo Tax take into account the 80 percent rule on NOL carry forwards for passive income?

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

Turbotax Business 2025 Desktop: Partnership return form 8825 is blank in Print Preview prior to electronic filing

When I check, the form and the worksheet are there, however before filing electronically, I saved the Print Preview version of the Partnership Tax return and found that form 8825 is blank. If I go ahead and submit, will TurboTax omit that form? How d... read more

Carriage House Rental - Mortgage Interest

We have a carriage house on the same property as our primary (and only residence) that we rent out to a year-round tenant. When appropriate we allocate expenses (25% carriage house, 75% main house), but we are confused about the mortgage interest ded... read more

how do I enter lost of rental property in a partnership

as partner in a LLC how do i enter rental property loses?

For the "How did you receive this investment" field, why isn't "Return of capital for fractional shares or cash in lieu" an option?

I received cash for the shares I owned in the original company that then merged with another company.

I bought a rental property in 2025 and my Form 1098 shows an amount in Box 6 (Points paid on purchase). Where do I enter this in TurboTax so it amortizes correctly?

Selling a rental property in 2025

How do I report that I sold a rental property in 2025? I've been through all FAQ and suggestions, but cannot find the 'sold' checkbox, in the Rental profile section.Please show a screen shot of how this can be reported.thanks

Disposition of rental property by gifting

I have rented a condo to my son for the last 10 years at fair market value. We have gifted the entire property to him in 2025. Should I check the box that the property was sold or disposed of in 2025 or would I leave it blank since he is a related pa... read more