Level 15
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Self-employed computer consultant & own 3 rental properties. Retired from USAF in 1998.
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What about "First year rented" though? Would I select that in addition to "I rent a part of my home" for each bedroom? Assuming the first year for each bedroom ...
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My screen shows you're using the free edition of TurboTax online. There is no support for that, unless you pay for it. But perhaps you can get help here? TurboT...
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Everything is claimed/reported on the closing date. On that date you had "constructive receipt" of any and all funds paid.
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You can decrease the value of the land without affecting the depreciation on the structure. Just work through the asset. Reduce the cost of the land in the COST...
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You count everything, exactly as shown on the 1065 Form K-1 issued to you by the partnership.
Activity Feed for Carl
- Posted Re: Renting bedrooms tax question on Investors & landlords. yesterday
- Got Cheered for Re: I transferred my rental property to a newly formed partnership in a non-taxable disposition. How do I report this?. yesterday
- Got Cheered for Re: How to deduct rental expense this year when rental agreement starts next year?. yesterday
- Got Cheered for Re: Paid taxes twice last year. why did turbo pay after they said they didn't?. yesterday
- Posted Re: Paid taxes twice last year. why did turbo pay after they said they didn't? on Get your taxes done using TurboTax. yesterday
- Posted Re: If we sold a rental property in 2021/2022 but it closed on 12/28/2021 but distribution wasn't until 1/5/2022 when do you claim your capital gains? on Investors & landlords. yesterday
- Posted Re: How to enter 1099-S for partial sale of investment property? on Investors & landlords. yesterday
- Posted Re: In a business partnership, do i only count half the store revenue on my taxes? on Business & farm. yesterday
- Posted Re: Hipcamp and Sniffspot: Can I deduct property taxes? on Deductions & credits. yesterday
- Posted Re: Renting bedrooms tax question on Investors & landlords. yesterday
- Got Cheered for Re: Hipcamp and Sniffspot: Can I deduct property taxes?. yesterday
- Posted Re: Hipcamp and Sniffspot: Can I deduct property taxes? on Deductions & credits. yesterday
- Got Cheered for Re: Former spouse receives "her marital share" of military retirement and state pension. yesterday
- Posted Re: Former spouse receives "her marital share" of military retirement and state pension on Deductions & credits. yesterday
- Posted Re: How to deduct rental expense this year when rental agreement starts next year? on Investors & landlords. yesterday
- Got Cheered for Re: Former spouse receives "her marital share" of military retirement and state pension. Friday
- Posted Re: I paid on my closing statement on my VA loan the VA funding fee in the amount of $9719, however when I put in turbo box 5 it does not recognize. on Deductions & credits. Friday
- Posted Re: I had a loss on my rental but no income to offset the loss. I am an active participant. Can I carry over my loss? on Investors & landlords. Friday
- Posted Re: How to write off old closing costs after a refi for rental property? on Investors & landlords. Friday
- Posted Re: If I didnt put my spouse income on our return married filing jointly how can i correct this on Get your taxes done using TurboTax. Friday