Investors & Landlords Tax Forum Q&A

Investors & landlords

Video Guide: Reporting the Sale of Your Rental Property

While selling a rental requires specific reporting, it doesn't have to be stressful. Our TurboTax Community Tax Expert Video Tutorial walks you through the exact steps to enter rental property sales in TurboTax. Here’s a guide to the key tax terminol... read more

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

Sold rental bought with 1031 exchange then used 1031 to buy another rental

Looks like TT wants me to pay tax on profit from the sale but I used all the money plus a few hundred of mine to buy another using 1031. Not sure TT is set up to deal with a continued 1031 chain. Any advice on how to deal with this?

why can I not re-adjust my expenses once I input them?

yhis is the message i get .. "Once you've imported, we'll add the info into your tax return. However, you won't be able to make changes to your transactions".

I reported 1031 exchange and sale of relinquished property for my rental income information. Program is treating the relinquished property sale as capital gain. Fix?

Also where/how to report the replacement rental property sale?

I have 5 rental houses that I own and self-manage. Should I take the QBI safe harbor?

I had to replace a lanai enclosure due to a storm. The cost was $6750. Should I take the QBI safe harbor?

Proration of property tax, insurance and mortgage interest for rental property

Hi,I have a property that was my primary residence for first 4 months of the year and then converted to rental starting May 1st. So rental ratio is .66I have entered above information in turbo tax to determine the ratio. Turbo tax asks about Tax cour... read more

multiple livable spaces on 1 property

I have just bought a house with a good amount of property.I have my main house that my family of 4 live in. Recently remodeled another home seperate from the main house but still on my property. A 1 bedroom that my brother is living in now. Basically... read more

How to handle income, expenses, and depreciation from inherited co-owned rental property

I co-owned a rental property with my mother. She passed away in 2024, and I inherited her half. I now own 100% of the rental property. I am not sure how to account for income, expenses, and depreciation now that I own 100%. On 2024 taxes, I created t... read more

Where to I enter incentive stock options that are exercised and held?

I have a net operating loss to carryover from 2024. It appears the correct page for me to enter the 1099-B info is asking for investment information (I don´t have)?

My 2024 return has Federal 1040 Net Operating Loss Worksheet and a negative Adjusted Gross Income. Is it possible to enter either of these to offset?

how to enter a step up in basis on my rental property

my wife died jan 5 last year, 2025. we are in california, so i want to step up the basis of the rental property. in california, we can step up the entire property. how do i handle that in turbo tax

K1 on a QSBS

How do I note that the distribution is from a QSBS and then file a 1045 extension through turbotax?

This answer has been verified for accuracy by an Intuit expert employee Purchasing a home with a child - primary residence?

We are purchasing a home with our child, for her to live in. We will be on the title, as will she. We own our own home. She will live in the home - we will not. It is not in our state. Neither our state nor hers has state income tax. My understanding... read more

MARRIED FILING SEPERATE IN A COMMUNITY PROPERTY STATE - ACTIVE DUTY MILITARY

I lived separately from my husband during ALL of 2025. I currently reside in Texas which is a Community Property State. I have been living in Texas for the past 3 years, however my home of record is Florida. I own a home in Texas and I also have a Te... read more