dmcy22
Level 2
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Thank you. You said:If an expense relates to both areas, you would prorate the expense the same percentage as you did the property.If I'm understanding correctl...
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Thanks all. This is what I found on the IRS site:> You can deduct depreciation on the part of the house used for rental purposes as well as on the furniture and...
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Thanks, is that determined in box L or N?Here's what I have...K-1 #1:- Box L, Current year net income (loss): $0- Box N, Beginning: $0- Box N, Ending: $0- Boxes...
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I have a few follow up questions:- Where in TurboTax do I report that I withdrew my excess from 2017?- Since I withdrew the excess before the filing deadline, w...
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Thanks! You're right in that I'm not eligible to apply the excess as part of a Roth contribution or 2018 or 2019.Are these the correct steps then?1. Withdraw ex...
Activity Feed for dmcy22
- Posted Basis for depreciating rental property on Investors & landlords. April 8, 2023 10:52 PM
- Posted Re: How much of my rental expenses can I deduct for a home I also live in? on Investors & landlords. April 5, 2022 8:35 PM
- Posted How much of my rental expenses can I deduct for a home I also live in? on Investors & landlords. March 30, 2022 9:38 PM
- Cheered Re: Depreciating or deducting furniture when renting one room out? for Carl. May 1, 2021 1:42 PM
- Posted Re: Depreciating or deducting furniture when renting one room out? on Investors & landlords. May 1, 2021 1:41 PM
- Cheered Re: Depreciating or deducting furniture when renting one room out? for AmeliesUncle. May 1, 2021 1:41 PM
- Cheered Re: Depreciating or deducting furniture when renting one room out? for AmeliesUncle. May 1, 2021 1:41 PM
- Posted Re: No income on Fundrise K-1...do I need to include in tax return? on Investors & landlords. May 1, 2021 12:23 PM
- Posted No income on Fundrise K-1...do I need to include in tax return? on Investors & landlords. May 1, 2021 10:22 AM
- Posted Depreciating or deducting furniture when renting one room out? on Investors & landlords. May 1, 2021 10:17 AM
- Posted Re: Excess Roth contribution from 2 years ago on Retirement tax questions. July 12, 2020 12:28 AM
- Cheered Re: Excess Roth contribution from 2 years ago for dmertz. July 7, 2020 8:48 AM
- Cheered Re: Excess Roth contribution from 2 years ago for dmertz. July 6, 2020 10:34 PM
- Posted Re: Excess Roth contribution from 2 years ago on Retirement tax questions. July 6, 2020 9:20 PM
- Posted Excess Roth contribution from 2 years ago on Retirement tax questions. July 5, 2020 10:25 PM