AmeliesUncle
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Yes, in TurboTax the "personal days" only means AFTER it was converted to a rental. In most cases that is zero.Yes, you need to manually prorate the annual expe...
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@NCpersonwrote: thank you again!You you for keeping me on my toes and making sure things are accurate. 🙂
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@NCpersonwrote:The IRS publication states "support costs"; where does it state "expenses"?The support cost is determined on lines 6-19 of the worksheet (page 16...
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@FortuneCookieswrote:YR 2022 - started rental in 08/2022 - form 4562 business use 42%That is where you made the mistake. It should show 100% business use. It wa...
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I see you have multiple posts about this. See my comment in your other post.https://ttlc.intuit.com/community/taxes/discussion/kiddie-tax-and-inherited-ira/01/3...
Activity Feed for AmeliesUncle
- Posted Re: I converted my primary home to rental. I moved out 11/15 and the property was rented out on 12/1. Day rented is 31 days. Is personal use start from 1/1 to 11/15? on Investors & landlords. Thursday
- Cheered Re: Kiddie Tax and Inherited IRA for rjs. Wednesday
- Got Cheered for Re: Kiddie Tax and Inherited IRA. Wednesday
- Posted Re: Kiddie Tax and Inherited IRA on Get your taxes done using TurboTax. Wednesday
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- Cheered Re: What years can I claim the ctc without being employed? for NCperson. Wednesday
- Posted Re: Kiddie Tax and Inherited IRA on Get your taxes done using TurboTax. Wednesday
- Cheered Re: Kiddie Tax and Inherited IRA for NCperson. Wednesday
- Got Cheered for Re: What years can I claim the ctc without being employed?. Wednesday
- Cheered Re: Prior Depreciation for a sold rental property: Asking for Total Depreciation Claimed & Total AMT Depreciation. TT calculates a big #, though I never took depreciation? for Mike9241. Wednesday
- Posted Re: Form 4562 - Business Use Percentage does not go up on Get your taxes done using TurboTax. Wednesday
- Posted Re: Kiddie Tax on Get your taxes done using TurboTax. Wednesday
- Posted Re: Kiddie Tax and Inherited IRA on Get your taxes done using TurboTax. Wednesday
- Got Cheered for Re: What years can I claim the ctc without being employed?. Wednesday
- Posted Re: What years can I claim the ctc without being employed? on Get your taxes done using TurboTax. Wednesday
- Posted Re: Prior Depreciation for a sold rental property: Asking for Total Depreciation Claimed & Total AMT Depreciation. TT calculates a big #, though I never took depreciation? on Investors & landlords. Wednesday
- Got Cheered for Re: Does The fact that TT refers to the "big beautiful tax bill" in recent emails makes you want to.vomit?. Tuesday
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