Investors & landlords

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Should I ignore Schedule E review if I have no rentals?

Using Premier, how do I dispose of a rental property asset? Just delete? I purchased a new washer and want to remove the previous washer asset. Thank you!!

The property was purchased in 1992, all deprec/amort was calculated by TT since then.  No rent was collected in 2018, it sold in Feb. 2018.  The sales figures are all on the settlement documentation (ALTA Settlement Statement - Combined).  Not a HUD form.  Original purchase price  was $92K, selling price $141K but there have been many expenses along the way, all recorded in TurboTax and depreciated with the automatically selected schedules.  There was one post sale expense when a problem turned up.In the interview I entered that the property was sold, and no rent collected, and TT deleted the rental entry!   So I can't even look at the old data in the program, although I have the old returns.  If I delete the return and start over, is there some way to get TT to import the relevant information and move it to the sale of business property and into the correct forms?Simply put, how do I use TT H & B to create my tax return in this situatio

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I used Turbo Tax expert service last year and the expert calculated depreciated amount that goes in line 18 of Schedule E of form 1040. I am trying to understand how this amount was computed. But the calculation is not available anywhere. How do I understand this calculation.

Where do I write off an expense for prof liability insurance that is NOT paid by my employer?

Someone helping my wife online with CoinBit purchases hacked her computer and used password to steal her investment in 2023

Hi everyone,Last year we filed our taxes using the TurboTax Desktop version, and this year we’re using TurboTax Premier Online. After importing and reviewing last year’s return for reference, we noticed a discrepancy in the rental property depreciation calculations between the Desktop version (2024 return) and the Online version (2025 return).The depreciation amounts and prior depreciation shown do not match, even though the asset details (cost basis, land value, placed-in-service date, etc.) appear to be the same. I’ve attached screenshots for comparison. Could someone help explain why this difference is occurring and how to correct it in TurboTax Online?Thank you!   

The information should be stored in TurboTax

I sold a rental property in 2025. I meet the 2/5 year rule for having lived in it as a primary home, so we'll owe no capital gains tax. But, we took depreciation for 3 years, and that should be recaptured at sale. I downloaded the draft tax return doc before filing, and I don't see that captured anywhere.

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Please put the page up so that I can fill out the form

On a rental property, I took 2024 Special Depreciation Allowance of 60% for an improvement.  In 2025, I would like to start taking the remaining 40%. The interview is generating $0 for 2025.  Is there a way for me to edit Form 4562 directly? Or modify my interview responses to generate the correct 2025 depreciation.

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Hello ,I received schedule K1 (1065) for tax year 2025. Box 13-K has value of zero. Turbo Tax software asking to fill the 8990 form. Do I still need to submit 8990 as the value is 13 K is zero?

schedule E review

Based on the instructions: https://www.irs.gov/instructions/i4562#en_US_2025_publink1000309318 "To find the basis for depreciation, multiply the cost or other basis of the property by the percentage of business/investment use. " Under rental property info, when it asks "Want us to divide the rental-related portion of The Property?" I answered Yes and entered the "Area of home rented." However, the "Depreciable basis" seems to be only based on the ratio between Land and Improvement value from the property tax bill and does not seem to be multiped by the percentage of business/investment use. Then it seems like the resulting "Rental expense deduction" does not account for only part of the property being used as a rental. What's missing here? What fields should be filled out to get TurboTax to create a form 4562 that is correct?

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I'm trying to import the .pdf tax file on my computer from last year, but it just keeps failing... the network is working no problem even though I believe there should be no network involved since the file is local. Why??

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I HAVE A 1231 GAIN ON A K-1 THAT I GOT FOR 2025. SINCE I WAS ACTIVELY INVOLVED IN THE BUSINESS THIS GAIN IS NOT SUBJECT TO THE NET INVESTMENT INCOME TAX..... WHERE DO I MAKE THIS ADJUSTMENT?

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