toofan1
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Thank you for your response. The trust was signed in 2007. The property was in trust for 23 years. The trustee sold the property in 2023. She was 1/4 owner of t...
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I allocated the purchase price of my rental to land and building. But only building was depreciated when I converted my second home to rental in 2022. I sold it...
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Thank you so much. I followed the instruction you mentioned in your message. it all worked . Thank you again
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I have 3 residential properties. I only sold one at a gain in 2022. When I get to the rental (Schedule E) for that sold asst, the “asset entry worksheet “specif...
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Thank you so much. I also have a question about the gain that was reported on the sale of this rental residential property that I maintained as rental for 10 ye...
Activity Feed for toofan1
- Posted How do i do IRS Extension electronically on turbotax? on Get your taxes done using TurboTax. March 27, 2025 7:52 AM
- Cheered Re: Can i use NOL carryover to offset my social security for Critter-3. May 18, 2024 7:09 AM
- Posted Can i use NOL carryover to offset my social security on Retirement tax questions. May 14, 2024 2:29 PM
- Posted Re: capital gain treatment on the sale of inherited property via generalu skipping trust on Community Basics. March 12, 2024 10:43 AM
- Posted capital gain treatment on the sale of inherited property via generalu skipping trust on Community Basics. March 12, 2024 9:44 AM
- Posted Rental property expense or capitalize? on Investors & landlords. February 27, 2024 1:32 PM
- Cheered Re: 1099- Misc received for participating in medical study for MinhT1. February 9, 2024 5:56 PM
- Posted 1099- Misc received for participating in medical study on Get your taxes done using TurboTax. February 7, 2024 4:50 AM
- Cheered Re: How should I split the basis and sales price of a property between cost and land that I sold?... for KrisD15. February 6, 2024 6:50 AM
- Posted Re: How should I split the basis and sales price of a property between cost and land that I sold?I purchased in 2007, started renting it 100% in 2016 and sold in 2022 on Deductions & credits. February 6, 2024 5:58 AM
- Posted Re: trouble with entering the sale of sold residential rental property on Investors & landlords. June 14, 2023 9:22 AM
- Posted Re: selling two investment properties in one year on Investors & landlords. June 11, 2023 7:16 PM
- Posted trouble with entering the sale of sold residential rental property on Investors & landlords. June 11, 2023 1:20 PM
- Posted Re: When will form 4797 be available in turbotax? I’m all ready to file except for the sale of my... on Get your taxes done using TurboTax. June 11, 2023 1:11 PM
- Posted Re: sale of residential rental property in 2022 on Get your taxes done using TurboTax. June 7, 2023 12:08 PM
- Posted Re: sale of residential rental property in 2022 on Get your taxes done using TurboTax. June 7, 2023 12:05 PM
- Posted sale of residential rental property in 2022 on Get your taxes done using TurboTax. June 6, 2023 8:56 PM
- Posted Re: I have passive activity losses from prior years on schedule 8582 but they are shown as unallo... on Business & farm. October 8, 2022 8:57 AM
- Cheered Re: Expensing preliminary cost of ADU for rental that is not going to be built. for NCperson. August 7, 2022 6:26 AM
- Cheered Re: Expensing preliminary cost of ADU for rental that is not going to be built. for NCperson. August 7, 2022 6:26 AM