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Re: I moved out of my house that was purchased for $138,000 & converted it to a rental property on 08/01/2016. How can I calculate depreciation value for 2018 tax year?

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Re: I moved out of my house that was purchased for $138,000 & converted it to a rental property on 08/01/2016. How can I calculate depreciation value for 2018 tax year?

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I didn't use turbotax last year. Isn't there a way to jus...

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Not exactly. You normally would depreciate the windows as...

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Partly, but not in the way you probably think. There is a...

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Report this income under Rental Property, and be sure to...

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Yes, but it is not a direct deduction. New Jersey doesn'...

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In order for assisted living expenses to be fully tax ded...

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Because of new de minimis safe harbor rules assets (used...

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Re: I moved out of my house that was purchased for $138,000 & converted it to a rental property on 08/01/2016. How can I calculate depreciation value for 2018 tax year?

Re: I moved out of my house that was purchased for $138,000 & converted it to a rental property on 08/01/2016. How can I calculate depreciation value for 2018 tax year?

I didn't use turbotax last year. Isn't there a way to jus...

Not exactly. You normally would depreciate the windows as...

Partly, but not in the way you probably think. There is a...

Report this income under Rental Property, and be sure to...

Yes, but it is not a direct deduction. New Jersey doesn'...

In order for assisted living expenses to be fully tax ded...

Because of new de minimis safe harbor rules assets (used...

Do we treat mortgage payments on business property as a monthly expense or do we depreciate the entire mortgage as a capital expense?

As a first time landlord, I recommend at least the Deluxe...

Do you have a TurboTax Online account?

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