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

@Brian94709

Hello,I was wondering about your loss of $400. Did you claim it as ordinary Income (what Form?).I have a similar problem and don't know how to enter it Schedule D+8949 or whatever.Answer to your question was: gains/losses attributable to exchange rat... read more

Converting residential to rental - proration calculation

Hi,Question about the proration calculation in Turbotax.I moved out of my personal residential property in Oct 2024, did a refinance, and rented out Nov 2024. The 1098 from refinance shows the mortgage interests for Nov-Dec, 2024. I also did some rep... read more

Capital Loss Carryfoward Worksheet Turbotax 2024

I was just doing a last check of my return before filing. On line 1 is a number that I cannot account for -486.I looked at past taxes and it seems to appear every year (different number positive or negative). The form was generated from last years Tu... read more

Losses on rental property

I have been reading about the reason rental losses are not allowed and from what I have read it appears that losses should not be counted as passive if you are considered a real estate professional. When I answer the above questions on TurboTax the r... read more

issue with downloading mutual fund details from vanguard and fidelity

Fidelity NetBenefits is not available for data import at this time. Please upload your documents or enter the data manually by clicking Enter a different way. Try again later.(105)

Do I enter the new water heaters, toilets and plumbing for my rental property, in the asset improvement section?

My mother-in-law lives with us. If she pays part of the mortgage, electricity, etc., is that rent? Does it count as a gift to us and thus we should keep it to the limit

Can you itemize a single room you rented out for personal and business use along with invested in the business?

Does TT Online allow capital loss carryover to be used to offset unlimited capital gains? I don't see that option.

An advisor mentioned this to me and I see there are numerous Youtube videos about the subject but never once saw this in TT Online. Thanks for any advice.

What are the tax consequences of buying an annuity?

What are the tax consequences of buying an annuity? Can I buy one with IRA funds? Can I buy one with ROTH funds? What are the tax consequences? Thank you.

Sale of rental property in California

I sold my rental in California for $518000; the appraised value was $520000. I calculated my total depreciation to be $68000 over the years. I am at 15% Federal tax bracket with $30000 taxable income (not including capital gains or total depreciation... read more

Viewing completed instructional worksheets such as Schedule D's Capital Loss Carryover Worksheet?

Hullo there! Curious where I can view/download the completed instructional worksheets that aren't submitted with return. Kindly, Drew

Does IRS remit tax to France for rental income?

Does IRS remit rental income tax to France?

We will sell a domain name that we bought 25 yrs ago for personal use. The sale will be $100K. This is not a business. Should we file it under Capital Gains or income?

We didn't plan on selling this but the price was good. We do not have a business to sell domains. My husband and I have jobs nothing to do with this domain.