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
Hi there, I've been using Turbotax for years and was surprised when it
calculated a huge refund for me. When I look why, it is because it is
deducting my full Schedule E loss, which far exceeds the $25K threshold
- it was a rough year. I'm not a real...read more
I have a detached rental property (cottage) which is included in my
mortgage. It was calculated to use 26% as a deduction for the cottage.
The 1098 which Turbo Tax imported, includes total interest paid. Do I
input total or the 26% Cottage rental pro...read more
I have 50% ownership of a condo that is rented via Airbnb. For all of
the income and expenses, other than depreciation, it appears that
Turbotax is correctly giving me half of the total value. But for
depreciation it appears to be giving me 100%. I l...read more
The bulk of my buys/sells are on Defi platforms like Uniswap, Raydium,
Pancakeswap, etc. No 1099 forms issued of course. Where do I enter these
sales? It would seem to be under Investment Income but that says
"1099-B, 1099-DA or broker statements". T...read more
My STR averages 2.1 nights per booking (10 stays, 21 nights total). I
materially participated. TurboTax Online is treating it as passive and
suspending the loss. I was never asked about average stay length. How do
I properly classify this as non-pass...read more
CMCLLCPosted a week ago
| Latest post 5 hours ago by
M-MTax