jjm_3
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Thanks.The business % usage changes each year, so a different % is applied against the total depreciation each year. That is normal for a vacation rental that g...
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Patti, thanks for your help! You've been very helpful.
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Also, how do I report this on schedule E. Do I report the1099-K gross amount on line 3 of Schedule E and report the 2/3 nominee income as a deduction on line 19...
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Thanks. That's helpful and good to know.A few comments/feedback about turbotax- I entered all this info in turbotax including that we had a full 1099-K, but onl...
Activity Feed for jjm_3
- Posted Re: Help with 27.5 yr depreciation calculation on Investors & landlords. 46m ago
- Posted Help with 27.5 yr depreciation calculation on Investors & landlords. 9 hours ago
- Cheered Re: Reporting 1099-K nominee distribution on Schedule E for PatriciaV. April 21, 2022 12:35 PM
- Posted Re: Full 1099-K, but we only are 1/3 owners on Investors & landlords. April 18, 2022 1:37 PM
- Posted Reporting 1099-K nominee distribution on Schedule E on Investors & landlords. April 18, 2022 12:10 PM
- Posted Re: Full 1099-K, but we only are 1/3 owners on Investors & landlords. April 18, 2022 12:04 PM
- Posted Re: Full 1099-K, but we only are 1/3 owners on Investors & landlords. April 18, 2022 11:14 AM
- Posted Full 1099-K, but we only are 1/3 owners on Investors & landlords. April 17, 2022 6:54 PM
- Posted Prior depreciation taken on an inherited property during the trust settlement period on Investors & landlords. April 3, 2022 9:13 PM