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

Rental property Turnover Expenses

We had tenants move out and left us with about $6,000 in repairs. The repairs included missing furnishings, painting the entire interior and removing trash that was left within the property. The HVAC system was in disrepair along with the refrigerato... read more

Since 2024 I have paid $16,400 for publishing and marketing a book that have made $24 in royalties. Can I claim a credit for these loses?

I lost money making, legalizing, publishing and marketing a book. Can I claim a tax credit?

1099-Misc

How do I claim my 1099-misc from my timeshare? It is for 2250. where I cashed in points that i receive every year to help with maintenance fees. So confused on the type of income because its not really rental income.Help!

LLC member not Transferring

I have been using TT Business for 6 years. For some reason when I opened TT Business 2025, my Members did not transfer??When I try to add my wife TT says that I must have had a change in ownership. I can't seem to get around this. Any help is appreci... read more

I am using online turbo tax, and when fixing the error it found, it won't accept my de-selecting "special depreciation allowance" in Schedule E for my rental prop (asset)

First year with this error despite depreciating the rental property since 2008. This year it has selected 50/100 Special Depreciation Allowance for my rental property as an Asset, and won't let me de-select it.

Disposition of vehicle used for rental property

I have 2 rental properties and have been taking the standard mileage deduction each year for both properties. The car was 100$ owned by me and I used for both personal and business (rental) use with personal use being the majority. I sold the car in ... read more

can't Import Transactions from 2 user IDs at a single investment firm

In older versions of TT, if you have more than one log in user ID at a financial institution (for example, for your IRA and for your wife's IRA), you used to be able to go through the "Import Transactions" process more than one time to pull the data ... read more

How do I enter the 30 and 40 yr depreciation rules on residential rental properties in turbo tax?

The most recent (2025) version calculates the depreciation with 27.5yrs

1099-R Annuity Question Confusion

Have TT Deluxe installed on Windows11. Entering 1099-R data, towards end of entry TT determines it needs to ask more questions. One of which is this one: Annuity Information:For the years XXXX received these distributions, was the total amount shown ... read more

How do I report 1099B proceeds but no cost basis or holding period identified? The additional information column shows "principal payment" and a cost basis factor.

This is for a widely held fixed investment trust, specifically GLD ETF.

Turbo Tax rejects Homeshare for part of the year

Hello,In 2025, I shared my home (1/2 of the house) with a traveling medical provider for 4 months. So I had personal use of my home for 365 days, while the homeshare renter had it for 120 days. Turbo allows a max of 365 day. How do I enter this?!?!?!... read more

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