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 get error message Payers zipcode is invalid - this is fidelity investments

I used the address on the 1099R. Is this turbo tax issue?

How do i get bonus depreciation for a rental property? There is the 100% depreciation. Turbo tax did the 27.5 years by defaul.

I rented a furnished room within my home but there is no option for this on the turbo tax

The program wants to split the days rented but i lived there and I rented the room. How do I fix this?

Rental Assistance

I received an 1099-NEC for emergency rental assistance due to eminent domain. I have documentation showing it is for rent and energy assistance but I still received a 1099 and have read mixed answers on where to file it. Money paid directly to me for... 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

Hi, is a normal rental property with minimal maintenance work (10hrs a month) qualify as a QBI (Qualified Business Income)?

Can some explain why as I am entering my rental property info expenses, 8 sections continuously say 'not started' even after I enter the numbers? Is this a glitch?

Displaying expenses properly: real estate taxes, mortgage interest, miscellaneous expenses. Not displaying properly: other taxes, insurance premiums, repairs, cleaning maintenance, utilities, supplies, travel, other interest.

Second home mortgage

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

Import not pulling in any stock transactions-Fidelity or Vanguard

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

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Disabled child receiving SSI benefits and paying rent/cost sharing

Hello: I have seen variation of this asked many times but don't see a clear answer to our situation.My son began receiving SSI disability benefits earlier this year. On advice from a special needs attorney we had our son sign an agreement stating he ... read more

Form 1116 (COPY 1) Adj Basis of Tot Inv Ast

In review TT has me check this number and it's currently blank. 0 doesn't work.I have a single international mutual fund. There are no adjustments to expenses or interest. I've filled 1116s through Turbo Tax for years and never had an issue. Looking ... read more