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

How to dispose of rental asset?

Husband died, according to AI I need to dispose of rental asset and add new asset with stepped up value.

I rented a home in 2025 -where do I put that?

Lease house by Remainderman

I am Remainderman on my mother's house, which is now vacant, as she is in assisted living. I want to lease her house to bring in extra income to help pay her self-pay assisted living rent. She gets social security and VA Aid & Attendance. We have bee... read more

TurboTax maybe incorrectly calculate the new 2% Maryland capital gains surcharge for part-year residents. Apply to all capital gains instead of those earned in MD.

MD Taxable income over 350k. Move out of MD in 2/28/2025. Capital gain $60k . Out of 60k capital gain ,only 20k was earned while residing in MD. Surcharge 2% is calculated based on total $60k capital gain instead of 20k.

record 1099-S on Rental Property

For those landlord has any sale of your rental property in the 2025, I’m trying to figure out how to properly record 1099s for a rental property in TurboTax. I’ve already spent several hours going through the rental section, but I’m still not sure I’... read more

Unable to import data from Schwab or Vanguard into 2025 pc desktop

I have Premier desktop installed on a PC. I go through the import process for both Schwab and Vanguard, and it seems to run properly (including the message: "Success! We got your tax data.") . However, I cannot then "continue" to a new screen. If I h... read more

What if box 1d is blank on my 1099-b stock form

what do i insert if 1d is blank on my 1099-b for my stocks

New Rental property, HVAC depreciation over 5 years

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

tax exempt dividend 1099-div box 12 - using turbotax 2025

Turbo tax 2025, is charging federal tax on tax exempt dividends - WHY ?

Is allocation of Sale of Business Property among land, building and improvements necessary?

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

bonus depreciation incorrect?

I'm pretty sure this is incorrect... would you be able to really take 40% bonus deduction on a foundation repair and porch rebuild for a rental property?

Are CD's considered as Bond investments?

Rental, Personal Use and Ownership questions

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