turbotax icon
turbotax icon
turbotax icon
turbotax icon
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Yes No
JanetB21
Employee Tax Expert
Employee Tax Expert
Member profile
Hello Community!! I'm an Enrolled Agent with 17 years tax experience. I have enjoyed working at Intuit for the past 4 years. When I'm not doing taxes, I enjoy kayaking, hiking, and spending time with my family and dogs! I think our community members are the best, and have seen so many beneficial discussions.
Latest badges earned

  • Re: rental and improvements

    Perhaps it is the improvements versus repairs issue with rental properties that might be confusing. A repair would be taken in the year the cost was incurred. H...
    JanetB21
    Updated Oct 25, 2023

  • Re: 529 Funds

    Hello toniateaka, Thanks for joining the event!You will receive a 1099-Q for the distribution you take from the 529 plan. If this distribution is not greater th...
    JanetB21
    2
    Updated Oct 25, 2023

  • Re: rental and improvements

    Yes - Those improvements will be depreciated during the years you have the rental apartment. From the IRS"The cost of improvements is recovered through deprecia...
    JanetB21
    2
    Updated Oct 25, 2023

  • Re: rental and improvements

    Hello hispalette, Thanks for joining the event!When your basement apartment is ready for rental, in addition to your income and expenses, you will claim depreci...
    JanetB21
    4
    Updated Oct 25, 2023

  • Re: I went on disability late last year after many failed attempts t...

    Hello MikeysGirl, Thanks for joining the event!Yes! There is no age limit for contributing to an IRA –only must have taxable earned income, (wages, salaries, co...
    JanetB21
    Updated Oct 25, 2023
Activity Feed for JanetB21
Membership stats
Manage cookies