All Investors & landlords posts

Should I add rental income here

alohakauaigirl — Mon, 13 Apr 2026 23:14:15 GMT

Re: Report Crop Share Farm Rental Form 4835

PatriciaV — Mon, 13 Apr 2026 23:13:20 GMT

Follow these steps to report this activity on Form 4835.

Open your return and go to Federal >> Wages & Income.
Scroll down to Farm Income and Rental. If you're already logged in, use this link: Farm Income
Select or Start/Update/Revisit Farm Income and Farm Rental.
On "Did you have any farm or farm rental income in 20XX?" click Yes.
On "Tell Us About Your Farm or Farm Rental Income," select I received a share of the production from my farm rental (this is required to trigger Form 4835).
Select I did not materially participate in my farm rental, then Continue.
Complete the rest of the screens, including income and expenses for this activity.
Note that you don't need an EIN unless you paid wages.

Re: Question regarding rental property taken out of service 12/31/24, but sold 5/15/25. Turbotax ...

user17756490410 — Mon, 13 Apr 2026 23:06:26 GMT

So it sounds like there is no way that TurboTax can do this without making horrible misstatements that wouldn't hold up in an audit. I'm screwed because the software doesn't work.

I either have to lie and say I held the house out for rent for one day and sold it on that day which I didn't. Or I have to claim depreciation I'm not entitled to and immediately give it back.

The other option which is super easy is to override that field and put a "0" for 2025 depreciation which makes everything nice and clean, but my understanding is TurboTax will get extremely mad at me and won't let me e-file or offer any protections with my taxes.

I'm screwed because this software sucks and makes you lie about your taxes...

Your solution also has me claiming depreciation I'm not entitled to, does it not? You are just saying I should offset it with fake revenue that didn't happen AND recapture it? That doesn't make sense.

Surely there is a way to answer the turbo tax questions or fill out the forms that doesn't involve me needing to claim depreciation I'm not allowed or claiming income that never happened. Is there another TurboTax expert who might have an idea. I feel like I bought buggy software and it doesn't work.

Re: 1099-B shows some transactions with "various" for "date acquired"

DavidD66 — Mon, 13 Apr 2026 22:50:59 GMT

Using "Various" for date acquired is acceptable for investment sales transactions. Make sure the holding periods are correct (long-term vs short-term) If you imported your 1099-B you shouldn't have to provide any additional information. If you do, the program will prompt you to upload or mail your 1099-B after you finish with the investment section of TurboTax.

Re: how and where can i locating form 4562 to depreciate and the expenses. pleae help

ReneV4 — Mon, 13 Apr 2026 22:46:30 GMT

To enter your new vehicle data in TurboTax, follow these steps:

In Step-by-step Mode, navigate to the Business Items section in Wages & Income and selecting Business income and espenses (Sch C)
Work through the Income & Operating expenses interview by entering your LLC income first
You will then reach "Business Expenses" Look for Cars, trucks, and other vehicle expenses and select
Write the Make and Model, then select the type of vehicle and when you started using it for your LLC
Ensure you choose Actual Expenses when you reach, "Do you want to see if your actual vehicle expenses give you a bigger deduction?"
When you reach the "Election to Not Claim the Special Depreciation Allowance", select Complete Election, if you want to take the Special Depreciation Allowance

Re: Remodeling property prior to renting

PatriciaV — Mon, 13 Apr 2026 22:29:31 GMT

No, you would not include the rental property on your tax return until you have actually listed it as available to be rented. Until that time, it is an investment property. If you qualify to itemize your deductions, you can report property taxes paid for the property and mortgage interest on related loans on Schedule A.

Since the property was not available to be rented, any improvements or repair costs you incurred before you listed the property increase the basis of the property. When you do list it for rent, you can enter the total costs as a separate Rental Asset (improvements), to be depreciated in the same manner as the residence itself (27.5 yrs).

Note that repairs and improvements must be capitalized, as mentioned above. For a rental property. startup costs are amortized over at least 180 months and cannot be deducted as expenses.

Here are some eligible startup costs:

Legal and accounting fees that are associated with acquiring the property or setting up the rental business.
Inspection and appraisal fees that are paid before purchasing the property.
Marketing and advertising costs to find your first tenant.
Loan origination fees paid when getting a mortgage for the property.

For more tax information on Rental Property, see IRS Pub 527 "Residential Rental Property"

For help entering a Rental Property in TurboTax, see:

Re: Entering expenses for not for profit rental

user17760492085 — Mon, 13 Apr 2026 22:10:17 GMT

Thank you for your reply. 😀

Re: How to adjust business income on a vacation rental when rental qualifies as

PatriciaV — Mon, 13 Apr 2026 22:07:47 GMT

Please clarify why you need to adjust business income on a rental property. And how does QBI factor into this adjustment?

Re: Is there a way to bulk update all 46 stock sales (actually tiny, auto sales of BTC holdings) ...

JamesG1 — Mon, 13 Apr 2026 22:05:09 GMT

A Bulk Edit function is available for an upload of a PDF of an IRS form 1099-DA.

I have not seen a Bulk Edit function available for an upload of an IRS form 1099-B.

Re: Where do I add income for sale of a rental property? I enter my income from renters Jan-June, but need to enter income from the sale in July 2025.

DoninGA — Mon, 13 Apr 2026 21:37:44 GMT

See this for a rental property sale - https://ttlc.intuit.com/community/rental/help/i-sold-my-rental-property-how-do-i-report-that/01/26251?search-action-id=621004647240&search-result-uid=26251

Where do I add income for sale of a rental property? I enter my income from renters Jan-June, but need to enter income from the sale in July 2025.

dan-schwab12 — Mon, 13 Apr 2026 21:36:26 GMT

Is there a way to bulk update all 46 stock sales (actually tiny, auto sales of BTC holdings) used to pay mgmt fees from a GBTC Mini Trust dist paid using partial shares?

the.roger.andrew — Mon, 13 Apr 2026 21:29:11 GMT

Re: How can I change or remove my section 465(d) carryover?

MaryK4 — Mon, 13 Apr 2026 21:28:45 GMT

In TurboTax Online:

Go to the section for your Rental Property or Business Income.
Navigate to the "Do Any of These Situations Apply?" screen.
Check (or uncheck) the box for "I have at-risk losses carried over from 2024".
Proceed to the next screen to enter the carryover amount.

How can I change or remove my section 465(d) carryover?

scarlettgg — Mon, 13 Apr 2026 21:24:14 GMT

Re: My partial year PA state tax return is assuming I have a rental property. But I sold it in 20...

MaryK4 — Mon, 13 Apr 2026 21:22:41 GMT

Follow these steps to delete the Schedule E or Pennsylvania rental property forms:

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
On the drop-down select Tools
On the Pop-Up menu titled “Tools Center,” select Delete a Form
This will show all of the forms in your return
Scroll down to the form you want to delete
Select the Form
Click on Delete.

My partial year PA state tax return is assuming I have a rental property. But I sold it in 2024. How do I delete this?

mccaul-brian — Mon, 13 Apr 2026 21:18:07 GMT

Re: How do I exclude capital gains in Oklahoma state return?

KS1111 — Mon, 13 Apr 2026 21:13:50 GMT

Thank you, I agree with you.

TT made the nightmare worse this year. I will try your suggestion.

Re: I have no rental but it keeps coming up in the review. what to do?

MaryK4 — Mon, 13 Apr 2026 21:13:34 GMT

If you have no rental property, you should not ignore Schedule E review errors. A blank or erroneous Schedule E can prevent you from e-filing. This issue often happens because a property from a prior year transferred over, or a form was accidentally triggered by a 1099-MISC or K-1 entry. Follow these steps to Delete a Form and look for a Schedule E or Schedule E Worksheet.

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
On the drop-down select Tools
On the Pop-Up menu titled “Tools Center,” select Delete a Form
This will show all of the forms in your return
Scroll down to the form you want to delete
Select the Form
Click on Delete.

Re: How do I dispose of a rental property asset? Just delete?

DianeW777 — Mon, 13 Apr 2026 21:07:46 GMT

It depends. Please clarify the following:

Did you sell it?
Did you convert it to personal use?
What are the details surrounding your decision to dispose of your rental property?

This is a taxable asset until you sell it and all tax forms should be maintained so that you have the information necessary to report it at the appropriate time or in the appropriate year.

@PCOKLAHOMA

I have no rental but it keeps coming up in the review. what to do?

captnkoo — Mon, 13 Apr 2026 21:03:27 GMT

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