Kollistim1
Level 2
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Thanks
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That seems to be the easiest way to do it. Thank you. I also had some repair costs. Can these be part of the expenses involved in selling the vacant rental prop...
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This does not help me. I know how to enter the sales information for the rental. However, if I add an asset (heating system) there are a series of questions tha...
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I have another question: I sold my rental property in February 2021. I made some capital improvements in January 2021 -- new heating system, water filtration sy...
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Can you explain why I can't deduct it on my 2021 tax return. It was a tax I paid in 2021 and it had not been deducted in 2020.
Activity Feed for Kollistim1
- Posted Made 3K contribution to traditional IRA & 15K to SEP IRA in 2021. Could not deduct 3K as MAGI was too high. Can 3K IRA be carried forward to this year's IRA contribution? on Retirement tax questions. ‎April 10, 2023 11:33 AM
- Cheered Re: I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I d... for PatriciaV. ‎April 16, 2022 8:50 AM
- Posted Re: I sold my vacant rental property in 2/2021. I made capital improvements in 1/2021. Where do I... on Investors & landlords. ‎April 16, 2022 8:46 AM
- Cheered Re: I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I d... for MinhT1. ‎April 14, 2022 6:24 AM
- Cheered Re: I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I d... for MinhT1. ‎April 14, 2022 6:24 AM
- Posted Re: I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I d... on Self employed. ‎April 13, 2022 3:28 PM
- Posted Re: I sold my vacant rental property in 2/2021. I made capital improvements in 1/2021. Where do I... on Investors & landlords. ‎April 13, 2022 10:46 AM
- Posted I sold my vacant rental property in 2/2021. I made capital improvements in 1/2021. Where do I add their cost? Do I add to the cost basis transferred from 2020 return? on Investors & landlords. ‎April 13, 2022 8:56 AM
- Posted Re: I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I deduct this amount on my 2021 return as a business expense? on Self employed. ‎April 13, 2022 8:34 AM
- Posted Re: I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I d... on Self employed. ‎April 11, 2022 7:39 AM
- Posted I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I deduct this amount on my 2021 return as a business expense? on Self employed. ‎April 11, 2022 7:24 AM
- Posted I bought a plug in hybrid in 2019 and want to take the tax credit. Turbo tax says the form (8936) is not ready yet. However, I can find it when I search for IRS forms. on Get your taxes done using TurboTax. ‎February 4, 2020 5:00 PM