narayananvm
Level 3
Member profile
- Replies
- Posts
-
Ok thanks for the response. Why would these disallowed investment interest expenses carry over like capital loses? The IRS mentions “carry’s over to future year...
-
Thanks@RobertB4444.I figured out reading the IRS instructions page that it suggests multiple methods to calculate the average mortgage balance over the year. Ta...
-
@Anonymous_I figured out that TurboTax takes the average between the outstanding loan amount from the start of the tax year and the amount as of the start of th...
-
Thank you. TurboTax help topics also explained it clearly. I have amortized it, unfortunately it will be a slow grinding $44 over 30 years!
-
@RobertB4444Thank you for the clarification. Yes, I did mention about investment income tax. This is great overall, then!
Activity Feed for narayananvm
- Posted Re: Deducting TY2021's Disallowed Investment Interest Expense in TY2023 on Get your taxes done using TurboTax. April 16, 2024 7:07 PM
- Posted Re: Mortgage Interest deduction for loan over 750K on Get your taxes done using TurboTax. April 15, 2024 10:58 AM
- Posted Re: Mortgage Interest deduction for loan over 750K on Get your taxes done using TurboTax. April 14, 2024 7:45 PM
- Posted Re: Can I deduct or amortize Mortgage Origination Fee paid in TY2022 part of TY2023 tax return? on Get your taxes done using TurboTax. April 14, 2024 7:22 PM
- Posted Can I deduct or amortize Mortgage Origination Fee paid in TY2022 part of TY2023 tax return? on Get your taxes done using TurboTax. April 14, 2024 2:11 PM
- Posted Deducting TY2021's Disallowed Investment Interest Expense in TY2023 on Get your taxes done using TurboTax. April 14, 2024 6:49 AM
- Posted Re: Can I include Roof replacement done by Seller part of rental property assets valuation on Investors & landlords. April 19, 2023 5:03 PM
- Posted Re: Can I include Roof replacement done by Seller part of rental property assets valuation on Investors & landlords. April 16, 2023 8:48 PM
- Posted Re: Can I include Roof replacement done by Seller part of rental property assets valuation on Investors & landlords. April 16, 2023 7:53 PM
- Posted Re: Can I include Roof replacement done by Seller part of rental property assets valuation on Investors & landlords. April 16, 2023 4:10 PM
- Cheered Re: Can I include Roof replacement done by Seller part of rental property assets valuation for Carl. April 16, 2023 4:06 PM
- Cheered Re: Can I include Roof replacement done by Seller part of rental property assets valuation for PatriciaV. April 16, 2023 4:05 PM
- Posted Re: Can I include Roof replacement done by Seller part of rental property assets valuation on Investors & landlords. April 16, 2023 12:27 PM
- Posted Can I include Roof replacement done by Seller part of rental property assets valuation on Investors & landlords. April 12, 2023 12:20 AM
- Posted Re: How to enter Tenant finder fee paid to the rental realtor on Investors & landlords. April 11, 2023 9:33 PM
- Posted How to enter Tenant finder fee paid to the rental realtor on Investors & landlords. April 11, 2023 9:32 PM
- Posted Re: How to claim rental expenses from personal-to-converted rental property with no income? on Get your taxes done using TurboTax. April 11, 2023 8:35 PM
- Posted Re: What all deductions I can claim from my Single Family Home purchase in 2022 on Investors & landlords. April 11, 2023 8:33 PM
- Cheered Re: How to claim rental expenses from personal-to-converted rental property with no income? for DianeW777. April 11, 2023 8:33 PM
- Cheered Re: What all deductions I can claim from my Single Family Home purchase in 2022 for Mike9241. April 11, 2023 8:32 PM