taxmodern
Level 3
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Tax professional specializing in tax consultation for rental real estate.
Link to my Website
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Only the current year's depreciation appears on your Schedule E. The total accumulated depreciation doesn't appear on the tax forms that are filed with the IRS,...
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I should first say I'm assuming that the end of the year property tax bill is "in arrears" and applies to the previous tax period, rather than pre-paying for th...
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Even if you pay it in 2026, you still couldn't claim all of it as a rental expense. You could still only claim the portion of the property taxes that applied to...
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If the portion that you rented out is considered to be a separate unit (and it sounds like it is), then you have to calculate the portion of the gains that are ...
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The action of changing it to a rental property doesn't trigger any capital gains tax. I don't know if that's what you were asking or not, but sometimes people d...
Activity Feed for taxmodern
- Posted Re: How can I find the total depreciation I've taken on my rental property since 2012? I have always used TurboTax online on Investors & landlords. a week ago
- Got Cheered for Re: Taxes on sale of property. a week ago
- Posted Re: Sch E property tax question - conversion to rental on Investors & landlords. 2 weeks ago
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- Posted Re: I will have owned my home for 12 months and am thinking of renting it. How will this impact my capitol gains and what should I be aware of regarding potential loss? on Investors & landlords. 2 weeks ago
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