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
The page for it says "Depreciation and Amortization will be ready by
February, but likely sooner" and does not allow entry of Depreciation
and Amortization data.
I own a duplex. I reside in one side of the unit while the second unit
is typically operated as a rental property. During tax year 2025, the
rental unit had multiple changes in use, and I am having difficulty
determining how to correctly report incom...read more
After recording the sale of my rental property on Form 4797, Sale of
Business Property) and Form 8949 (Disposition of Capital Assets) all of
my depreciation is being recaptured on Line 14 of 1040, as I expected,
but I didn't allocate the sale among t...read more
SuzyQ727Posted 8 hours ago
| Latest post 3 hours ago by
M-MTax
I have seen variations of my question in some threads, but no definitive
answer. I have a rental property which has a number of improvements all
entered into Turbotax and depreciation has been calculated for a number
of years. Now I have sold the pro...read more
Chris V1Posted April 12, 2025
| Latest post 3 hours ago by
Mike9241
On my 1099-B, the 1c (date sold) field is blank. It doesn't have
anything in it at all. When I try to leave that space blank in TurboTax,
it tells me I must enter a date and will not allow me to e-file my tax
return. This is inherited stock from my d...read more
The IRS instructions on this have changed for 2025, and now EXPLICITLY
say to include property taxes and personal property taxes:"Include
state, local, and foreign income taxes you paid for the tax year that
are attributable to NII. Include also stat...read more
it seems TT is good at comparing rental income entry for this year and
automagically pulling in loss from 2024 return, but at final recheck of
return, stops with error that it "must be entered". Provides a blank for
it, along with scrollable view of ...read more
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