taxmodern
Level 4
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Tax professional specializing in tax consultation for rental real estate.
Link to my Website
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- Posts
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That's all generally correct, I would just add that some types of flooring can be depreciated over 5 years if it's carpet or removable flooring that isn't consi...
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Is using the placed-in-service date (when the property became available for rent) rather than the purchase date the correct starting point for depreciation?Yes....
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There hasn't been a change regarding this, so the same rules still apply.You mentioned that you have other rental properties.Maybe what you're seeing is the los...
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There are several replies in this thread, and some have correct info, but it's all a bit complicated.As someone mentioned, just having material participation do...
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That's a very common misconception, so common that I have a standard block of text that I wrote that I paste in discussions whenever this comes up. Rentals, in...
Activity Feed for taxmodern
- Posted Re: Rental property expenses on Investors & landlords. 14 hours ago
- Got Cheered for Re: First-year rental property placed in service late in year — confirming depreciation start and expense treatment. Monday
- Posted Re: First-year rental property placed in service late in year — confirming depreciation start and expense treatment on Investors & landlords. Monday
- Cheered Re: Determining accumulated depreciation for rented rooms in my primary residence for DianeW777. Sunday
- Cheered Re: My rental property expenses are not showing up, only real estate taxes and mortgage interest for MaryK4. 2 weeks ago
- Cheered Re: Below FMV aren’t to a relative for Mike9241. 3 weeks ago
- Posted Re: Turbotax is deducting all of my Schedule E losses, even though it exceeds the $25K threshold - why? on Investors & landlords. 3 weeks ago
- Cheered Re: Below FMV aren’t to a relative for ThomasM125. 3 weeks ago
- Got Cheered for Re: How do I get Turbo tax to classify me as a material participant in a rental property?. 4 weeks ago
- Got Cheered for Re: How do I get Turbo tax to classify me as a material participant in a rental property?. 4 weeks ago
- Cheered Re: Short-Term Rental (Avg Stay < 7 Days) Showing as Passive in TurboTax Online – How to Mark Non-Passive? for AmeliesUncle. 4 weeks ago
- Posted Re: How do I get Turbo tax to classify me as a material participant in a rental property? on Investors & landlords. 4 weeks ago
- Cheered Re: How do I get Turbo tax to classify me as a material participant in a rental property? for Rebasledd. 4 weeks ago
- Cheered Re: How do I get Turbo tax to classify me as a material participant in a rental property? for AmeliesUncle. 4 weeks ago
- Posted Re: How to record airbnb arbitrage losses from STR rented less than 7 days on average when I RENT... on Investors & landlords. February 13, 2026 5:13 PM
- Got Cheered for Re: How do i get bonus depreciation for a rental property? There is the 100% depreciation. Turbo .... February 12, 2026 6:39 PM
- Cheered Re: How to record airbnb arbitrage losses from STR rented less than 7 days on average when I RENT but don't OWN the property for user17708430112. February 11, 2026 3:30 PM
- Cheered Re: Can someone explain what the "Investment at Risk: is on the Schedule C? for VolvoGirl. February 11, 2026 2:16 PM
- Posted Re: How to record airbnb arbitrage losses from STR rented less than 7 days on average when I RENT but don't OWN the property on Investors & landlords. February 11, 2026 2:13 PM
- Posted Re: How do i get bonus depreciation for a rental property? There is the 100% depreciation. Turbo ... on Investors & landlords. February 10, 2026 1:37 PM