toki4004
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I have never claim depreciation before (my tax guy didn't do it form what I can tell).For this sale I got Form 1099-S during closing, do I need to report that?
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I took "Got the house in 2010 for $120,000 . Moved out in 2014" to mean that it was your residence from 2010 to 2014.Correct.If you lived in the home, prior to ...
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Bottom line answer: you do not get to deduct the loss, on the sale, because the principal use, during your ownership, was as you home. The rental period does no...
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How does one find Fair Market Value for a house from years back? I went to Zillow, typed the address, and looked at the history graph for Home Value > This home...
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Start working through Rental & Royalty Income (SCH E) "AS IF" you did not sell the property. One of the screens near the start will have a selection on it for "...
Activity Feed for toki4004
- Cheered Re: Schedule K-1 - Box 11 - Codes for Mike9241. March 19, 2023 5:21 PM
- Posted Schedule K-1 - Box 11 - Codes on Get your taxes done using TurboTax. March 19, 2023 4:13 PM
- Cheered Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... for KrisD15. March 22, 2020 6:11 PM
- Cheered Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... for AmeliesUncle. March 22, 2020 6:11 PM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 3:08 PM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 12:12 PM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 11:33 AM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 11:29 AM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 10:40 AM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 10:27 AM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... on Investors & landlords. March 22, 2020 10:16 AM
- Cheered Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for... for MinhT1. March 19, 2020 8:58 PM
- Posted Re: I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for $105,000. Is my depreciation $15,000? on Investors & landlords. March 19, 2020 8:55 PM
- Posted I was told to claim capital loss by my agent. I bought my rental for $120,000 and sold it for $105,000. Is my depreciation $15,000? on Investors & landlords. March 19, 2020 8:07 PM