How to calculate the cost basis for theft loss for investment property ?

getsanleo3 · Mar 22, 2020 12:02:20 PM

i had a house break in situation last september at one of my rentals and i lost rent for the next 2 months. what is the cost basis in this case?how much loss can i report ?

sonia-yu

New Member

My capital gains is not included in my form 8960 by turbotax, how can i edit it to accurately calculate my net investment income tax

in Investors & landlords

jackkgan

Level 5

%downpayment to house for tax benefit

in Get your taxes done using TurboTax

kim-gundler

New Member

Selling an investment property, self financing for five years then a balloon. I’m going to need tax help to deal with capital gains taxes. Can TurboTax help me with this?

in Deductions & credits

scatkins

Level 2

Handling of Purchase and Sale of Property in same year

in Get your taxes done using TurboTax

alvin4

New Member

Prior Depreciation for a sold rental property: Asking for Total Depreciation Claimed & Total AMT Depreciation. TT calculates a big #, though I never took depreciation?

in Investors & landlords

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