Cheers Leaderboard

Time Range:

Top Kudoed Posts in 'Investors & landlords'

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?

by on

1 Reply 1416 Views

1 Reply

1 Kudos

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?

by on

1 Reply 1434 Views

1 Reply

1 Kudos

That it is not income and does not need to be reported.

by on

0 Replies 63651 Views

0 Replies

2 Kudos

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

by on

2 Replies 71549 Views

2 Replies

3 Kudos

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

by on

0 Replies 33760 Views

0 Replies

6 Kudos

Yes. Normally, larger items are entered as assets and de...

by on

1 Reply 24308 Views

1 Reply

1 Kudos

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

by on

0 Replies 965 Views

0 Replies

1 Kudos

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

by on

0 Replies 19759 Views

0 Replies

2 Kudos

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

by on

3 Replies 22916 Views

3 Replies

2 Kudos

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

by on

1 Reply 2749 Views

1 Reply

3 Kudos

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

by on

1 Reply 11693 Views

1 Reply

1 Kudos

Expert does your taxes

Do it yourself

Resources

Support

Cheers Leaderboard

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?

That it is not income and does not need to be reported.

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

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

Yes. Normally, larger items are entered as assets and de...

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?

Cheers Leaderboard