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

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

If a company goes private, does stock become worthless?

Can I enter VARIOUS ON MY 1099 consolidated dates in my stocks transactions

Turbotax asking for Schedule E Passive Operating Loss on rental property

We have a rental property and when running a final check on federal, Turbotax says: "Schedule E worksheet: Passive Operating Loss must be entered." And shows a blank box for me to enter a number. I have zero clue what to put here -- I'm assuming this... read more

TurboTax Business 2025 (windows desktop): Business Info->Partner Member Information

After I imported my information from the 2024 tax return, I had to reenter the LLC Partnership members. For the 1st member I could enter the name, address and %ownership. When I tried to add the 2nd member, it asked me if there is a change of ownersh... read more

Error importing Wells Fargo 1099

I kept getting the following error while trying to import Wells Fargo 1099. Does anyone know what this error is and how to fix it? "Go to bank" button will only bring up the same process of establishing connection to import and receive the same error... read more

I'm stuck in a check this entry loop. QBI Passive Op Loss

I'm stuck in a "Check this Entry" loop: QBI Passive Op Loss must be entered. I'm not sure what number to put there, but doesn't seem to accept any number. I've tried zero and I've tried entering the passive disallowed loss from the smart worksheet ca... read more

Split Mortgage Interest and Taxes due to Rental

This past year we started renting out space above our attached garage. We rented it in Sept, Oct, Nov and December and that space represents about 23% of our overall square footage of the house.In TT I entered the following:1. Its a single family )ho... read more

Can you expense kitchen cabinets if replacement was necessary in a rental property?

A tenant neglected the kitchen hygiene which turned the kitchen into a harbor of insects and roaches. In addition to that, the cabinets wood started to have mold on it. The cabinets needed to be replaced. Is that considered a repair or improvement?

how I review stocks items

bulk review what is it

What is the best way to allocate my interest and taxes if I have a rental property? IRS Method or Tax court Method?

I need to report 2 sales of CUSIP common stock but I don't see that option in type of investments for turbo Tax's 1099-B

Turbo Tax lists the following options: Employee stock purchase plan (ESPP) Nonqualified stock options (NQSO) Incentive stock options (ISO) Restricted stock units (RSU) Restricted stock awards (RS) Stock (non-employee) Mutual fund, index fund, or ETF ... read more

How can i fill in Capital Loss Carry over if filing jointly for the first time?

We are filing jointly for the first time this year. There is a screen to fill in Capital Loss Carry over but it is only for 1 person. How do we can we enter details of both of us? Some older answers suggest to just sum all the numbers but that doesn'... read more