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
Last year we bought a condo <10miles from our primary home. The condo is
a retirement home for my in laws. I'm wondering if I can deduct the
following items for the condo:1. Any purchase related expenses2.
Mortgage interest payments3. Property taxes4...read more
bmshah1Posted yesterday
| Latest post 58m ago by
bmshah1
Imported 1099's yesterday and there are no stock transactions for either
my Fidelity or Vanguard account. I can see them on the 1099 that each
account has published. Just talked to tech support and they said if the
import didn't pull them in, the onl...read more
Selected the rental property. Selected "edit". Select "no" property
wasn't rented in 2025. Check mark, "I did not rent, nor attempt to rent.
this property at all in 2025." It then said, "Since the property was not
a rental at all in 2025, you should ...read more
The 5 boxes that came up originally where you could select interest or
dividend or stock sales or etc. will not appear for the accounts where
interest and dividend data have been entered.
Why is Turbo Tax so obtuse about entering interest from Treasuy Direct
reported on 1099. It's not as if the US Treasury is some obscure state
licensed credit union with 43 members. It should not be a special case
that I have to read all the messages ...read more
2dwightPosted March 17, 2025
| Latest post 6 hours ago by
6xjv556
I have a home office which I began using in 2020. When doing my 2025
taxes I realized I should be taking a depreciation deduction for the
furniture. My understanding is that when I enter this information into
TT it should take a deduction for all the...read more
mpr71Posted 16 hours ago
| Latest post 7 hours ago by
mpr71
My mother passed in March 2025 and mutual funds sold in April 2025. The
brokerage house issued the 1099B to her social (instead of the estate)
and for various reasons will not reissue. My understanding from reading
many posts that I (as executrix) sh...read more
Frenchy714Posted 8 hours ago
| Latest post 8 hours ago by
M-MTax
Turbo tax says it will be available in February-"Depreciation and
Amortization will be ready by February, but likely sooner". When it will
be available.