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

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

Form 8960

My income for the year is over the threshold to have to pay NIIT. I also included in my tax returns the 1099-INT for my savings account interest earned. Based on this I should have recieved a form 8960 for the 3.8% tax on the interest income but it i... read more

Rental Properties and Royalties (Sch E) isn't working when I put in income

I click 'Add income', put in my 1099-MISC info, and when I'm finished and go back to the royalty info screen it says "You have not entered any income for this property."

I have a single family home that I rent out. Any update on when Turbotax will have Depreciation and Amortization ready?

Any update on when Depreciation and Amortization will be ready?

Depreciation and Amortization for my rental property is not yet available through TurboTax. It says”...will be ready by February, but likely sooner.” Any updates?

MFS in CA, TurboTax doesn't calculate taxes properly

We are filing MFS, California residents. I'm using TT Premier, Desktop for Mac.The problem: We both have 1099-INT and 1099-DIV forms. I imported the data from our brokerage into the respective separate TT returns. I also have W-2 and 1099-B income (c... read more

Entering Tax-exempt interest dividends

I have 2 funds that generated tax exempt dividends totaling $1272.92. In one, 8.39% is exempt in my state and 2.09% in US possessions for a total of 10.48%. 10.48% of the the total earned of $816.19 is $85.54. In the other fund, 10.04% is exempt in m... read more

Hi Where to enter rental property Depreciation and i dont see that option

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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1099-MSC

I receive a 1099-MSC from a housing program for a property that a relative lives in and I don’t make any income on, i spend everything in the mortgage payments and HOA, but when I upload it it is considered additional income. How I can avoid this? i ... read more

I own an Airbnb property in Florida. where should this for accelerated depreciation(cost segregation study)?

How can I get around TurboTax incorrectly trying to force Schedule C for oil and gas royalty income?

I have added my income to Schedule E since this is not self-employment income.

Overtime wages

Hello!How are you handling the overtime wages with the new law? I have a w2 that has an amount in box 14 along with words "flsa wages" but it doesnt specify if it's actually overtime or not. All wages including overtime appears to be in box 1. Are yo... read more