AmeliesUncle
Level 15
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As I said before, treat it as a separate rental property. Say it is 100% rental use. Then enter 17% of the expenses. As a completely separate thing, go to the p...
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@user17664993119wrote:will mean that I'm considered to have aretirement account through my job for 2026 which means I cannot deduct my 2026 IRA contributionYes,...
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Re-read my original response. Do NOT say it was an owner occupied rental. Only enter 17% in the rental section. Enter the other 83% in the mortgage/itemized ded...
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@moumourockswrote:I rent out a portion of my home (17% by square footage is an ADU with a separate entrance, bath and kitchen)You don't rent out a portion of yo...
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@AndrewA87wrote:So if that is true I could charge say $350/month and since that would be less than the FMV I could retire the rental and just pay income tax on ...
Activity Feed for AmeliesUncle
- Posted Re: Received CP28A and verified TurboTax didn't cap my mortgage interest - Owner occupied with partial rental on Deductions & credits. yesterday
- Posted Re: ACA IRA deduction if you don't have retirement account through your job on Deductions & credits. yesterday
- Got Cheered for Re: Received CP28A and verified TurboTax didn't cap my mortgage interest - Owner occupied with partial rental. yesterday
- Posted Re: Received CP28A and verified TurboTax didn't cap my mortgage interest - Owner occupied with partial rental on Deductions & credits. yesterday
- Cheered Re: Can I receive tax refunds if I am not a U.S. citizen, I don't live in the US, but work as a salesman for an American company that pays me commissions? for pk. Monday
- Posted Re: Received CP28A and verified TurboTax didn't cap my mortgage interest - Owner occupied with partial rental on Deductions & credits. Monday
- Cheered Re: I own rental properties. Can I deduct the cost of buying a light truck that will be used 100% on the rental properties? for Mike9241. Monday
- Got Cheered for Re: Joint Tax Return and Rental Property. Friday
- Posted Re: Joint Tax Return and Rental Property on Get your taxes done using TurboTax. Friday
- Cheered Re: My mortgage lender is asking for proof of our signatures from our 2023 tax return. How do I find this? for xmasbaby0. Friday
- Posted Re: Notice 2014-7 on Get your taxes done using TurboTax. Thursday
- Cheered Re: Notice 2014-7 for Mike9241. Thursday
- Posted Re: All other things being equal, will using a professional tax preparer reduce chances of audit? on Get your taxes done using TurboTax. Thursday
- Cheered Re: How does TT tax federal software calculate the option of standard or itemized deduction without knowing state tax one owes for xmasbaby0. Thursday
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- Cheered Re: How does TT tax federal software calculate the option of standard or itemized deduction without knowing state tax one owes for VolvoGirl. Thursday
- Posted Re: Entering Charitable Contributions into TurboTax Online on Deductions & credits. Thursday
- Posted Re: Sch F Asset Entry Bonus Depreciation Not Updated on Business & farm. Thursday
- Posted Re: How do I get Turbo tax to classify me as a material participant in a rental property? on Investors & landlords. Thursday
- Cheered Re: Turbotax 2025 not ready to be used !! on Dec.2025 for MiataFunRun. Thursday