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 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
I am using TurboTax Online Premium. I am moving my rental property
(Schedule E) data from TaxAct into TurboTax and I am unable to correctly
enter a 5-year asset that requires the Mid-Quarter (MQ) Convention.The
Asset Details:Item: DishwasherAcquired/...read more
paulvasPosted yesterday
| Latest post an hour ago by
AmyC
I rented out my old unit in July 2025. At that time I installed a new
HVAC (the old was only capable of heating, not cooling). My
understanding is that I need to capture this in TT as an asset which
will be depreciated over 27-1/2 years. In TT I crea...read more
i66dPosted yesterday
| Latest post 2 hours ago by
AmyC
2025 TurboTax Premier is not transferring vehicle information and
depreciation from the previous year. I started putting the information
in manually but soon was asked questions I wasn't sure of like total
depreciation. I have copies of my returns fr...read more