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