M-MTax
Level 10
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You need to enter the date you acquired the rental so that TT can calculate the right depreciation deduction. It won't be a whole year's worth because residenti...
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Pretty sure you can because TT Business allows you to create your own 1099s and issue them.
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When decedents own property in their names then the type of return....estate or trust.....rarely matters.There is a step up in basis for property held by the es...
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You can report the 1099s on the decedent's return as having been received as a nominee for the estate. The decedent then issues corresponding 1099s to the estat...
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Understand....not familiar with NJ unfortunately.
Activity Feed for M-MTax
- Cheered Re: Form 1041 for Estate and NJ Form 1041 problem for LK2023. yesterday
- Cheered Re: filing 1041 with 1099 that used the decedent's social security number for remuller32. yesterday
- Got Cheered for Re: filing 1041 with 1099 that used the decedent's social security number. yesterday
- Posted Re: Depreciation of Rental Inherited Rental Property on Investors & landlords. yesterday
- Posted Re: filing 1041 with 1099 that used the decedent's social security number on Get your taxes done using TurboTax. yesterday
- Got Cheered for Re: filing 1041 with 1099 that used the decedent's social security number. yesterday
- Posted Re: 1041 schedule D Basis on Get your taxes done using TurboTax. yesterday
- Posted Re: filing 1041 with 1099 that used the decedent's social security number on Get your taxes done using TurboTax. yesterday
- Posted Re: Form 1041 for Estate and NJ Form 1041 problem on Get your taxes done using TurboTax. yesterday
- Posted Re: Form 1041 for Estate and NJ Form 1041 problem on Get your taxes done using TurboTax. yesterday
- Posted Re: 1041 schedule D Basis on Get your taxes done using TurboTax. yesterday
- Posted Re: Form 1041 for Estate and NJ Form 1041 problem on Get your taxes done using TurboTax. yesterday
- Posted Re: 1041 Estate - tax return - a bug! on Business & farm. yesterday
- Posted Re: Qualified Disability Trust - where to report qualified purchases on Get your taxes done using TurboTax. yesterday
- Posted Re: Can I deduct improvement expenses made to a property that my parents put in my name thru a li... on Deductions & credits. Sunday
- Posted Re: Estate's Sale of Real Estate on 1041 on Get your taxes done using TurboTax. Sunday
- Posted Re: Tax liability for life estate after death on Deductions & credits. Sunday
- Posted Re: Capital Gains of Irrevocable Trust on Get your taxes done using TurboTax. Sunday
- Posted Re: Community Post Marked as Spam on Get your taxes done using TurboTax. Saturday
- Posted Re: Question on gift tax return on Get your taxes done using TurboTax. Saturday