tututu
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@Mike9241, thanks, so it means if rent under fair market price it is the worst that we had to report the rent as regular income and expense cannot be used to of...
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Yes, called them but customer service seems no clue on this, so I am trying to ask here to see:1, should I manually input federal amount into California capital...
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@Critter-3@Thank you, but the problem is from Federal calculation, I see turbo tax calculate correctly to offset capital gain and using allowances. However the ...
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@Carl, thank you for your detail insights! so the tip here is to minimize amount depreciated each year to prevent recapture increased tax due to next bracket an...
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@view2, if i use number of room method to divide expense, should i use the same percentage when doing depreciation? say, i have total 3 rooms and rent out 1 bed...
Activity Feed for tututu
- Cheered Re: question of how to report overfund 401K for DanaB27. March 29, 2025 4:08 PM
- Posted question of how to report overfund 401K on Get your taxes done using TurboTax. March 22, 2025 2:07 PM
- Posted Re: rent a room to friend at less than fair market price? on Get your taxes done using TurboTax. March 3, 2024 3:03 PM
- Posted rent a room to friend at less than fair market price? on Get your taxes done using TurboTax. March 2, 2024 9:12 PM
- Posted Re: turbotax never changes California capital loss carryover amount? on Get your taxes done using TurboTax. July 24, 2022 8:52 AM
- Posted Re: turbotax never changes California capital loss carryover amount? on Get your taxes done using TurboTax. July 24, 2022 8:43 AM
- Posted Re: How to divide expenses. If an expense is for both rental... on Investors & landlords. April 7, 2022 5:48 PM
- Posted Re: How to divide expenses. If an expense is for both rental... on Investors & landlords. April 7, 2022 4:03 PM
- Posted I rent a room in my house, what is my rental percentage? on Get your taxes done using TurboTax. April 6, 2022 7:54 PM
- Posted Re: what can be count as expense for primary residence rental room? on Deductions & credits. April 6, 2022 5:31 PM
- Posted Re: what can be count as expense for primary residence rental room? on Deductions & credits. April 6, 2022 5:28 PM
- Posted where i can find and switch between IRS method and tax court method? on Get your taxes done using TurboTax. April 6, 2022 5:15 PM
- Posted what can be count as expense for primary residence rental room? on Deductions & credits. April 5, 2022 4:15 PM