Investors & Landlords Tax Forum Q&A

Huge amount of federal tax due after sale of rental property

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Switch from rental management company to self-management

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Vacant Rental Property Expense while preparing for Sale

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15 Replies 45427 Views

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45427 Views

How do I indicate conversion of a rental property to primary residence, if I purchased the property, rented it, and converted it in the same year?

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17 Replies 5772 Views

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For people leaving California, can capital gains on stock be calculated using the resident to nonresident ratio of days, or must I use the date the stock was sold?

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4 Replies 425 Views

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sale of second home

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3 Replies 310 Views

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310 Views

How can I generate Form 8949 to account for Crytpo capital loss?

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9 Replies 1087 Views

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How do I enter a 1099-B Proceeds from Broker and Barter Exchange Transaction

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6 Replies 5796 Views

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5796 Views

interest in a public traded partnership and investment expenses (Noncovered with undetermined holding period)

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1 Reply 549 Views

1 Reply

549 Views

Replace windows as "Improvement" or Reduce duduction as "Expenses" once we have loan?

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3 Replies 1381 Views

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Unable ot input prior year special depreciation

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5 Replies 1508 Views

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Does TurboTax allow importing of Schedule K-1 ?

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1 Reply 933 Views

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What can I deduct from capital gain of selling inherited rental property?

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1 Reply 826 Views

1 Reply

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How do I report stock sales if I didn't get a 1099b?

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32 Replies 21813 Views

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Replace windows replacement for Resential Rental Property after tenant move in

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7 Replies 1879 Views

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Turbotax not prorating 1098 interest

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Rental Property: Switching from "Use IRS Method" to "Use Tax Court Method." When I click on Use Tax Court Method nothing happens. It won't change. How do I do this?

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12 Replies 5330 Views

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Depreciation tracking now that forms aren't provided

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1 Reply 1279 Views

1 Reply

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What do I classify a matured CD (Certificate of Deposit) as under the drop down menu for "What type of investment did you sell?" Stock, Bond, or Mutual Fund?

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17 Replies 7688 Views

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Problems importing Stock transactions on a Mac

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8 Replies 889 Views

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I have a net loss on a rental property but Turbotax says I can deduct "zero". I'm pretty sure in previous years the deduction was the same as the loss. What's wrong?

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TurboTax doesn't display loss when sales expenses exceed gain?

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1 Reply 1120 Views

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1120 Views

Data export

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1 Reply 388 Views

1 Reply

388 Views

My wife died in 2022. In Turbotax, how can I Step Up the cost base of our rental property to get more depreciation? Can I update the original Cost to reflect the Step Up?

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43 Replies 4053 Views

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Prevent Turbotax from deducting Capital Loss

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8 Replies 1500 Views

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Rental Property Loss Carryover Screen - TT Online 2022

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7 Replies 4998 Views

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I paid an independent contractor >$600 for repairs on my rental property this year. I've issued a 1099-MISC to the contractor. How do I report this to the IRS?

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19 Replies 19822 Views

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Offsetting Short Term and Long term gains in the same year.

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2 Replies 188 Views

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188 Views

What does "Form 1099-B Worksheet. Cost or Adjusted Basis must be entered" mean?

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33 Replies 14427 Views

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Turbotax Not Calculating Rental Property Depreciation Cost Basis Correctly

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1 Reply 1621 Views

1 Reply

1621 Views

Virginia Return with PTET Credit not available for E-File

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8 Replies 2569 Views

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Crypto CSV import STILL not working.

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10 Replies 5196 Views

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1099-K Rental Income Includes 1 Month of Income Reported in Prior Year

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1 Reply 1581 Views

1 Reply

1581 Views

TT is forcing me to enter a sale of an asset that I did not sale

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5 Replies 2197 Views

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2197 Views

Why won't the software accept that I have zero royalties to report?

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23 Replies 3768 Views

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3768 Views

duplicate asset on form 4562 Depreciation and Amortization

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1 Reply 388 Views

1 Reply

388 Views

Where do you report earnings on excess Roth IRA contributions

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7 Replies 3158 Views

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Why didn't TurboTax import my Capital Loss Carryover?

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20 Replies 7935 Views

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I have a 1099 B for the redemption of two CD's, how do I report them and what Type do i list in the sales info section i.e. stock, bond, mutual or other?

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I have normal passive carryover from last year. But a 465D at-risk carryover appears in "other expenses" section. It won't disappear even I removed it.

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6 Replies 946 Views

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Wind Farm Good neighbor agreement

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6 Replies 546 Views

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546 Views

I purchased a new refrigerator and washer/dryer for my rental property. How do I deduct the expense? I didn't see an option to include new purchases just repairs.

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35 Replies 90671 Views

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90671 Views

When reporting rental income to a non-resident state do I enter the gross amount of income or the Federal adjusted amount?

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ICICI prudential life insurance policy

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Capital loss carryover and documentation from prior years

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How do I get Turbo tax to classify me as a material participant in a rental property?

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7 Replies 1262 Views

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Rental Carryover Loss on NJ Returns

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20 Replies 7746 Views

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How do I get Turbo tax (using online TurboTax premium") to classify me as a material participant in a rental property without classifying me as a real estate professional?

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1 Reply 3699 Views

1 Reply

3699 Views

Depreciation recapture due to energy efficiency rebate on HVAC equipment

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4 Replies 5793 Views

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Capital Gain Carry-Over

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2 Replies 662 Views

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Rental Property Deductions

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1 Reply 5420 Views

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In my rental property info section, I've entered in values in various expenses/assets (depreciation) but TurboTax says "not started" and returns 0 on the summary page.

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8 Replies 2836 Views

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How to report an improvement of rental property that occurred in the same year the rental property was sold.

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1 Reply 2917 Views

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Issues reporting a rental property sale ("Special Handling Required?")

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1 Reply 3472 Views

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Rental income is total rent minus mortgage payment correct? Or do I just list total rent collected then ithe program will ask about mortgage later?

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Visited rentals out of state

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513 Views

Improvements/repairs to rental property prior to sale

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36 Replies 33426 Views

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33426 Views

My stock losses are not being counted on the PA state tax calculation. I can't find a way to change that. How can I make them appear?

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8 Replies 1142 Views

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Sale and purchase of timeshare vacation ownership

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1 Reply 1042 Views

1 Reply

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where do I enter a 1099-INT for my LLC

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3 Replies 1402 Views

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Sump Pump Replacement at Rental Property

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I received $17,874.10 from an insurance claim on my rental property for water damage. how should I report on turbotax?

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I only made less than $10 in stocks last year. Will I get in trouble if I don’t file the stocks in taxes?

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Amended 2022 return issue with cost basis for 1099B

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0 Replies 9371 Views

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I have a rental property, but because my income is greater than $150K I cannot claim any losses. if I place the property in an LLC, would I be able to claim the losses?

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14 Replies 5376 Views

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Renter's credit form for renting out a room?

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1 Reply 6554 Views

1 Reply

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Wash sale

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Can I utilize more than $3k in capital loss carryover next year?

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6 Replies 16467 Views

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How do I interpret and enter my Georgia Form 700 Schedule K-1 (nonresident state tax return)

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17 Replies 10216 Views

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What are the pros and cons of choosing to use active participation rather than passive participation in rental property?

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11 Replies 7000 Views

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Claim capital loss for sale of property

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How enter stock sale, no 1099

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Losses when renting a room in your own home

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19 Replies 4104 Views

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4104 Views

Capital Gains Partial Exclusion

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Where do you enter capital gains distributions from brokerage

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Short term rental switching from schedule E to Schedule C

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1 Reply 22673 Views

1 Reply

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Short (sold to open) Options Expire - TT won't allow bypass of review

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9 Replies 1542 Views

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I rent out a room in my primary residence. While I actively manage this room rental, am I allowed to deduct a net loss since I use it for personal use as well?

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Prior Year Depreciation and Amortization Report

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8 Replies 2017 Views

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2017 Views

What line number do I fine the passive loss carryover for rental property on the Schedule E?

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37 Replies 21764 Views

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21764 Views

How do I report a CUSIP item with proceeds from a sale of rights when the date of sale question is asked and I did NOT sell the stock?

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15 Replies 4266 Views

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K1 Box 17 code AJ

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1 Reply 2712 Views

1 Reply

2712 Views

K1 related questions

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1 Reply

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K1 State Depreciation

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1 Reply 1161 Views

1 Reply

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How do I enter my property tax and mortgage interest on a property that I lived in part of the year and rented for part of the year?

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2 Replies 4258 Views

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4258 Views

Question about business vehicle

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1 Reply 4546 Views

1 Reply

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I don't know the address where royalties are coming from just the company address

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3 Replies 2418 Views

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Mineral rights taxes paid to another state

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18 Replies 3777 Views

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FAILED 1031 THAT CROSSES TAX YEARS

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Incorrect AMT Capital Loss Carryover

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24 Replies 9104 Views

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9104 Views

Can I claim a capital loss from lost cryptocurrency due to a cryptocurrency investment scam?If so, how would I do this?

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16 Replies 6565 Views

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6565 Views

1099-DIV and 1099-INT - Should I leave the Mississippi State Income Amount as blank?

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Should I select the option 'I received cash in Lieu of fractional shares' for Box 'How did you receive this investment' in form 1099B for stock spin-off distribution?

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How can I add Federal Tax withheld shown in 1099-B while adding stock sales?

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Inputs for Legal Fees, Title Search, Document Preparation used to determine my cost basis for rental property

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Wrong allocation for part-year rental

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Real Estate Professional loss from Schedule K-1 to Schedule E

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Converting a business + personal asset (car) to personal use- How to report it and recapture the depreciation?

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4 Replies 7439 Views

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7439 Views

How do you enter the basis of a rental property acquired in a like-kind exchange? I know what the amount is, I just don't know how/where to enter it.

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7 Replies 1484 Views

7 Replies

1484 Views

K1 section 199A items box 17 code V

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1 Reply 2382 Views

1 Reply

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I sold my half share of a owner-occupied duplex last year to other co-owner via quit claim. I am reporting the sale & have questions re: business % use changes, quit claim/settlement, and my sales pri...

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3 Replies 42983 Views

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42983 Views

Asset/New Rental Property - How to Populate Land & Improvement Values for Coop Apartment

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1 Reply 4997 Views

1 Reply

4997 Views

How do I report an installment sale for private stock? When I say "I sold stock" and that it's not Qualified Small Business Stock, it says I can't report it (wrong!).

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7 Replies 2036 Views

7 Replies

2036 Views

Multiple transactions for a Form 1065

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1 Reply 594 Views

1 Reply

594 Views

Do I need to do anything with a K-1 I received after filing? It is from some stock I purchased and sold in 2020. The sale already reported on my 1099-B.

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10 Replies 4922 Views

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Can some improvements and costs for a renting part of a house be deducted or depreciated 100% while others are by square footage percentage?

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7 Replies 1426 Views

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1426 Views

How do i carry forward Schedule C Net Operating Loss to this year's Schedule C income?

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1 Reply 1950 Views

1 Reply

1950 Views

Ongoing issues with Schedule K-1 Box 13 AE entries during final review

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Converting a Personnel+ business asset (car) to personal use- How report this and recapture the depreciation?

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1 Reply 8770 Views

1 Reply

8770 Views

Rental cost basis and depreciation

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2 Replies 3928 Views

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3928 Views

Have 1099-B from Acorns but Can't Import

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12 Replies 6652 Views

12 Replies

6652 Views

Does turbo tax automatically carry forward rent income loss from this year to the next? I will be earning higher rent next year and hope to use that to deduct excess loss

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22 Replies 11361 Views

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11361 Views

For mortgage points Turbox Tax is complaining On Schedule E worksheet that Only Tangible personal property is eligible for the Section 179 deduction.

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4 Replies 6632 Views

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How does TurboTax calculate Form 8960 Line 9B?

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9 Replies 4054 Views

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is there a change in turbotax this year as to how to enter rental expenses when the rental is a part of your own personal home?

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3 Replies 2899 Views

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2899 Views

Where do i enter a new loan and points i paid in buying a new rental property in 2018? Entering the data in TT it asked only for recording fees and title insurance.

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5 Replies 2220 Views

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2220 Views

How to apply one rental property's loss to another rental property's income? tried combined business but doesn't work.

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18 Replies 3882 Views

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3882 Views

ISHARES GOLD - Undetermined Term Transactions For Non covered Tax Lots - No Cost basis or Date Acquired. Proceeds $0.01/month,"needs review",still owned,What should I do?

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10 Replies 3462 Views

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I quit claimed a rental to property to my daughter who lived in it. How do I note this on my taxes?

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6 Replies 1029 Views

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1029 Views

Mortgage interest deduction for rental property

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3 Replies 2793 Views

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Depreciation and Amortization Report missing from TurboTax online 2022

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2 Replies 2312 Views

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Ally Invest Consolidated 1099 Not Imported

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28 Replies 14592 Views

28 Replies

14592 Views

How can I enter the depreciation on a rent house? Turbo Tax is not showing it although I have used Turbo Tax previous years. I have already paid for but not sent forms.

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7 Replies 7080 Views

7 Replies

7080 Views

Where to enter capital gain & interest for a foreign bank account?

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4 Replies 1017 Views

4 Replies

1017 Views

How can I add investment income from Box 1099-MISC to Form 8960 Part I Line 7? It is not flowing through.

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7 Replies 1038 Views

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1038 Views

Box 20 code z

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Entering detailed RSU info in 1099 section

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Passive loss carryover

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How do I enter the information about my sold rental property in the Property Assets section?

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10 Replies 1781 Views

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Entering RSUs on Turbotax

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27 Replies 30318 Views

27 Replies

30318 Views

Can't Find Schedule D

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1 Reply 1437 Views

1 Reply

1437 Views

Depreciation from Federal return not showing up on Arizona return

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1 Reply 3973 Views

1 Reply

3973 Views

Question on Rental Properties and Royalties (Sch E) vs. Schedule K-1

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1 Reply 3256 Views

1 Reply

3256 Views

Rental income from Turo active or passive income?

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1 Reply 1716 Views

1 Reply

1716 Views

Tradestation Help-consolidated 1099

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calculating adjusted cost basis requires value of shares sold to be greater than zero

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3 Replies 2147 Views

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2147 Views

Rental property expense or capitalize?

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1 Reply 395 Views

1 Reply

395 Views

How do I report rental property income earned outside the US for which I already paid taxes in the foreign country where I earned it?

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15502 Views

How to fix incorrect rental depreciation

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4 Replies 10908 Views

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10908 Views

My 1099 lists "Gross proceeds investment expense" and this is being listed as sales profits. How can this be fixed?

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68 Replies 21743 Views

68 Replies

21743 Views

How to enter sale information for a rental property

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How to caculate Fair market value for rental property for first time?

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6 Replies 1372 Views

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1372 Views

Excess rental expenses

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1 Reply 783 Views

1 Reply

783 Views

Where do I enter information for form 3921? When I go to the "Stocks, Bonds, Mutual Funds" area which is supposed to cover 3921, it only allows me to enter 1099-B stuff.

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18 Replies 24184 Views

18 Replies

24184 Views

Sweet Equity

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1 Reply 803 Views

1 Reply

803 Views

Prior year capital gain - solved

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1 Reply 640 Views

1 Reply

640 Views

For reporting K1 involved in oil drilling, I'm trying to enter the schedule E royalty info, but have no addresses for the properties. What do I do?

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2 Replies 771 Views

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771 Views

Schedule K-1, Form 1041 (Estate/Trust)

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1 Reply 1552 Views

1 Reply

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How to report covered calls ? My 1099-B from broker (Robinhood) has cost basis 0 for these calls and it gets flagged during review

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6 Replies 2545 Views

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How to report "not for profit rental income" in TurboTax?

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8 Replies 5922 Views

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