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

Why does e-file keep asking for my apartment number? I live in a house.

I have gone back an updated my address under my info multiple times but when I go to e-file is says its found an error with my Oregon return and that I need to put an Apartment Number.. Can I just put 0 or n/a?

Is a Profit Sharing Plan the same as an Employer Stock Ownership Plan?

Wife had profit sharing plan that was closed out on her, trying to determine whether I can claim as ESOP.

Can you please give an accurate estimate of when depreciation will be available for a rental property asset for tax year 2025?

This error message has been coming up since January and is still present. This needs to be fixed soon-- "Depreciation and Amortization will be ready by February, but likely sooner"

Turbo tax delux rental capital improvement

I am trying to find where in trubotax delux to create a depreciation schedule for capital improvements?

How to use the 5674 forms for verification of rent

My neighbors all get money back when they file their taxes and use the information we receive from our landlord.

2008 co-op apt. converted to 2024 Rental

TO Carl - if possible,Thank you for your many excellent responses re conversion of owner to landlord. I'd appreciate any help you can offer re my 2024 conversion of coop apt. to rental apt.Determining basis - Purchased coop in 2008. Do I need 2008 cl... read more

Did I find a LOGICAL bug? Expenses that are directly related to renting my condo apt. are fully-deductible yet Turbo Tax deducts only 1/6th based on 2 months' of rental.

I lived in my condo for 10 months then rented it for 2 months. I had about $1,200 in expenses directly related to the rental yet Turbo Tax is deducting only 1/6th of the total. I'm entitled to a deduction of the FULL amount. Is there a bug in Turbo T... read more

where can I find the breakdown of short term and long term capital gains?

When I imported my Fidelity year end stock statement, the capital gains are not broken out into long term and short term gains

I entered a 1098 for a rental property in deductions and credits. I'm later asked about this information again in "Income from Rentals". Am I double dipping?

How do I get credit for my estimated federal and state taxes that were paid in 2025 and how do I enter my Capital gains loses carry over from last year?

How do I get credit for my estimated federal and state taxes that I paid in 2025 and how do I enter my Capital gains loses carry over from last year?

Sold rental property

My husband and I stopped renting out our rental property in Oct '24. Claimed that part on our taxes for 2024. Listed for sale the same month and sold in early '25. We did not have it rented at all in 2025, but that is when it sold. I have clicked the... read more

Should I break up the total proceeds and cost basis amts for my stock trades if some are short-term and some are long-term? I can only select 1 description.

I'm completing the 1099-B section of a 1099 consolidated form. I had more than 3 trades, so it lets me enter the total proceed amounts and total cost basis amounts, but it only lets me choose one description: short-term or long-term gains/losses. Min... read more

where does my rental operating expenses go?

where does my rental operating expenses go in Turbo Tax

problem importing Charles Schwab using desktop

I ask Turbotax to get my forms through the import option. I get a screen that says connection complete, Success! We got your tax data. You can now return to Turbotax. When I go back to Turbotax I don't see any of my information and get back to the sa... read more