Investors & Landlords Tax Forum Q&A

Can I change rental income from Schedule E to Schedule C?

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What is SECTION 465(d) CARRYOVER?

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TurboTax is not permitting me to deduct short-term rental losses against W2 income

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Rental property under renovation, not in service

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Why hasnt turbo tax generated a form 4562 for depreciation?

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Should I use land value allocation at the time of purchase or sale?

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Turbo Tax wants me to enter a royalty information on Schedule E when I do not have royalties. I have rental income but not royalties. How do I fix this problem.

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1099-s Sale of Land Easement

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K-1 reports amounts in more than one of the boxes 1, 2, and 3

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I purchased a LLC in 2020. It is run as a disregarded entity. Where can I show my purchase of it? Do I depreciate that investment?

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K1 not showing my rental losses?

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Paid ordinary income tax on RSUs but then company went out of business

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Rental Property Cost Basis Additions

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Substitute 1099-b

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How do I know if I sold ESPP, RS, RSU or NQSO on form 1099-B?

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1099b form line 1g I have disallowed wash sale with no adjustment code, TurboTax insist on a code? what can I do?

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ESPP: Can I enter adjusted cost basis in box 1e (cost basis)?

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Land Sale in India and foreign tax credit

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Where do i enter cost basis for a stock the company completely liquidated. I have a 1099div box 9 with the amount of the liquidation.

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2019 used NUA strategy to distribute 401(k) as "Lump Sum In-Kind Shares" into brokerage acct. 2020 sold a few shares; How is the cost basis calculated & the sale taxed?

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How should we classify Performance Stock Unit awards in 'Stocks Mutual Funds, Bonds, Other' section if it's not an option to select? These are not RSUs, PSU is not there.

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Confusing Scenario (Business vs Passive Income)

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On Schedule E under the expenses section, if you are renting a portion of your home, does TurboTax auto calculate the amount based on the sq ft or room percentage?

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I sold Qualified Small Business Stock (QSBS) which is 100% exempt from taxes as per the Section 1202 exclusion. There was no 1099-B for this sale. Where do I report this?

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Rental Property Sale - Partial Exclusion of Gain

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How do i report capital gains from sale of inherited farmland?

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Tutbotax online is depreciating foreign rental property over 27.5 yrs instead of 30 yrs. I entered the foreign address in property information. How do I correct that ?

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E-filed 1099-NEC on January 31st, but turbotax only submitted on February, 1st. Am I in trouble?

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Where do i enter the details of sale of rental property?

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In 2020 I moved out of the duplex I own and started renting that side. I've always rented the other side. How do I accurately answer the TT form questions on conversion?

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Do I need to issue a 1099 to a company who I paid for rental services of equipment?

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Does the 2022 capital loss get deducted from the carryover capital loss of previous years ?

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Where do I claim major repairs to rental property?

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Where and how do I claim a cryptocurrency loss of principal and interest?

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Turbotax is asking Rent Tax I.D. and Business Tax I.D. but we do not have either, trying to check the box to indicate it's not available but the system doesn't let me.

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Wash Sale Loss Disallowed - Carry Over

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Futures contracts 1099-B for LLC

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How Do I report the sale of rental property

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My loss on rental income is not reported in PA income tax - PA schedule E

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I own some rental properties in my personal name, which I actively participate in the management of, but I am not a real estate professional. Every year I fill out a 1040 and Schedule E. I just got a...

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If i sell my rental property for $133k and paid $42k in 2017, what is included into the capital gains tax. I have a yearly income of about $35k?

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I am trying to complete a nonresident Iowa state return because I have rental property and a sale of property there. Why can't I walk through income to allocate to IA?

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Where can I combine rental real estate interests as a real estate professional (REPS) within Turbo Tax Online?

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Three of my rental properties entered in 2021 did not transfer to my 2022 tax return. How can I get it to update?

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I have a single member LLC that I use to invest in working interest projects for drilling oil wells. Where in turbotax can I report and capitalize my leasehold costs?

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I have > 4000 capital asset sales, the online turbotax is telling me I need to remove some of them and replace them with a summary. Is that just attaching another 8949?

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Do I use a neg or pos number to indicate loss when the line is asking for loss? "Rental income (loss)" Pos number nets me more refund :/

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How do I handle two intangibles when I sell rental property? They are loan costs that have been amortized and have been on my asset depreciation sheet.

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How (where) do I report my SAG-AFTRA income received as earnings type "SAG-AFTRA Foreign Royalty"?

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How do I amend my past taxes to include deprecation on a rental property?

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I answered a question "is your investment at risk" not realizing what I was working on. Now I cant find the question to change the answer

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Replaced vanities: de minimis safe harbor, or improvements?

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How do I report the sale of rental property?

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possible bug - 1099B for options Sell

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When can I start working on my 2023 taxes? I'm self employed and own rental properties, so it would be helpful to start inputting some of our numbers. Thanks in advance.

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I actively mange rental property but turbo does not reflect that fact--how to fix?

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Converting Rental Property Condo to Personal Use - tax implication

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Help with rental property amortization and depreciation

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Where to I input the information if I refinanced a rental property?

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Rental depreciation not accurately reflected on my return. How to amend Form 4562? (Was fine for the first 6 years then $0 depreciation even though SL method)

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Where can I enter RV rental expenses (cleaning fees between renters) that are are 100% deductible (not shared between rental/personal use).

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What forms I needed when I sold my rental property and replaced with two other properties?

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Depreciating an asset for real estate business not associated with any single property

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Help! I haven’t gotten back my 2019 taxes, 2022 I got a 1099B but I don’t own stocks or bonds and they took 2000 from me and I need help!

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In Turbotax where do I report the sale of a rental condo which I rented for 17 years to third parties and sold in 2022?

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Did I find a bug or make a mistake in 2022 using online TT on form 8960 ?

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Who has experience filing a loss from an investment group?

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I do not on rental property I have my on cleaning service but they keep asking me how many days I rented my rental property and used it for personal use?

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Why is Turbo Tax calculating my capital gains on the sales of a business van as the sale price $46,000. I calculate it as $11990.

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I'm on the dependent page, it asks if they lived there all year, I list no etc. the next question: did they pay for more than half living expenses. Is this while away?

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Im needing help to find out whats incomplete on my taxes return an im needing to remove the self employment paper and rental roalty properties

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Reduction of basis due to personal use

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I need to change my answer to the question Is my business investment at risk?

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single-member LLC where to enter personal investment

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rental property passive carryover loss doesn’t offset my rental income

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Why is turbotax listing my transfer of my crypto assets from coinbasepro to coinbase as a withdrawl and showing it as a taxable capital gain/ loss?

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What is a QBI Passive Op Loss? How do I know if I have one?

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What does "Cost/adjusted basis" mean? when doing fed review, this came up to Check This Entry Noncash Contributions Worksheet: Cost/adjusted basis mut be entered.

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Why is Rental Property Depreciation (for the Residential Building) not showing up on 2020 turbotax?

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Why is schedule e asking for renter income when I only need to add royalty income?

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I need to determine the land value of my rental property (just converted to rental this year) but can't find it broken out on property tax bill.

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Check This Entry Schedule E Worksheet (rental property): Line 3-1099 misc -- Income from rental real estate and income from royalties must be reported as separate properties on Schedule E.

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Where do I report 1099-NEC I received from my oil royalties?

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I sold a rental property in 2022. Where do I enter in the repairs made for the sale and closing costs (commission, transfer fee, title fee)?

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Why isn't the personal-use % being applied to Sch E certain rental expenses? TurboTax is not calculating this for car/truck, mgmt fees, or ANYTHING within Other Expenses

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How do enter passive losses from a rental owned in 2019? I did not have the rental property in 2022 or other passive gains in 2022 to offset passive losses from 2019.

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Self Employment Income was included in Rental Properties under personal name instead of LLC name. How to transfer it to proper category?

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How do I enter the following option trade: I sold Put options on XYZ stock, and I collected $1 on the sale. The Put options expired worthless, so I pocketed the $1.

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I received form 1099-MISC for patent royalties that I received on intellectual property. Is this self-employed income? Do I need to use the Self-employed TurboTax suite?

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Where do I enter rental property depreciation?

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Webull free stocks sold

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What can i do to file electronically when software tells me that royalties and rental income must be reported separately on schedule e, but i have no royalties

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I was told I can deduct a percentage of rent for using my apt as a home daycare. How do I do that?

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So i recieved a 1099-MISC from Robinhood for getting free stocks for sending invites to friends and family. Now its asking that i input something on "link to schedule C",

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Can you deduct travel to repair rental properties

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Where do I put the cost of rent/lease and utilities for my store? I do not see Schedule C either?

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Where do I put cost of rent and utilities for my store?

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How do I enter Form 2439 Undistributed Long-Term Capital Gains?

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I paid over $37k to replace the plumbing in my rental property in 2020. What type of rental asset is this? I do not see this type of improvement listed in the options.

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How do I report a stock sale when I don't have a 1099-B?

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Does Turbotax choose (or let you choose) whether to use long-term or short-term capital losses to offset 3,000 in ordinary income?

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I have a Personal Trainer with a home Gym. I also rent a bedroom through AirBnB. How is this entered to correctly calculate Property Tax and Mortgage Interest?

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What section do i input rental expenses?

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I do not want to depreciate Home Office or Rental. How do I opt out of the depreciation calculation?

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Will not let me proceed because a rental has $0 royalties. How do I bypass this bug? "income from rental and income from royalties must be reported separately. "

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Moved out of my fourplex . How do I enter this into turbotax?

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How do I file a 1099-S? I sold a permanent easement. The only prompts that I am getting is for a 1099-S for your primary home, or rental home.

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Rental properties i missing depreciation and other expenses from 2020. How do i get bring forward this info

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Do I need to file in my non-resident state if I did not make money on my rental property in that state?

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I received a 1099-misc for oil refinery royalties that inherited from my parents. TurboTax online is asking for the location and if it’s a QBI.

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Where do I add my rental income?

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I am a handcrafted sales vendor. Where do I list my festival/fair table fees? Building Rental?

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NY State tax ask was any rent received for nonresidential use of property 20% or less of your rental income during 2021. What does this meant?

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I have a rental property that has been depreciated every year since 2003. We no longer need the depreciation deduction. Are we required to keep deppreciating every year?

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Where do I enter last year's QBI loss carryover (Line 3, Form 8995) into 2020 Turbo Tax online?

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Does it matter from a tax standpoint if we mark sold investments as being inherited? Our brokerage transferred all the cost basis information when we received them.

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In turbotax, im trying to report capital gains on a car sale that I used for personal use. How do I go about reporting that?

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How do I report sale of stock options when I don't have a 1099-B?

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I live outside the state of Georgia but have rental properties in the state. After expenses, I did not make a profit in 2019. Do I need to file a Georgia return?

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First year partial rental in 2022 with refinance in 2020

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Truck driving business is renting a truck considered equipment rental if its used to haul my deliveres

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I have entered sale of my primary home in the rental part of the return...where else do I need to enter this sale. home is a duplex where I rented the other half.

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Where do I go to edit the Schedule E worksheet for the Owner-Occupied Rental section Q (percentage of rental use)?

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Turbotax won't let me proceed because it thinks my rental property is a royalty property

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Rent paid: Is this for the entire year or per month?

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How can I check the QJV box on schedule E for jointly owned rental property?

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How do I enter multiple replacement properties on form 8824?

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I got this message from TT. "Check This Entry. Standard / Itemized Deduction Worksheet: Prior year contributions carryover must be verified." What do I do? There is no

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How can I write-off or deduct a worthless C-Corp preferred stock investment made in 2016? A private (not publicly traded) technology venture that is now not operating.

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Is a Capital Credit refund from electric company considered a dividend?

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Is this activity a qualified trade or business under Section 199A? I received some royalties from Amazon.com for my Kindle ebook publishing.

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For football tickets, can I include a required contribution in the cost basis?

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How/where do I enter the Capital Loss Carryover from 2021?

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The Description in Box 1a for Capital Gains is incomplete. I sold numerous Covered Call Option that are now appearing as needing review and I am trying to reconcile them

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Adjusted Fair market value of exercised shares (private company)

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What if I don't have the cost basis for my crypto holdings because I bought it years ago?

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My 1099 brokerage statement has a "Fees and Expenses" section at the end, pertaining to a gas and oil royalty reported on the 1099misc. Is this tax deductible?

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Turbotax has calculated a capital gains number for my state return that I do not understand.

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Can I deduct fees paid to my investment advisor on a taxable brokerage account?

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I started a seasonal rental. So I have expenses (i.e. spring landscaping) before the rental season really starts (summer). Can I deduct these expenses?

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I am entering some expenses/assets(depreciation) for a rental home. I keep entering them, saving, and it shows as "not started" and the amount is $0, should be $500.

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How do I change my rental income to VERP? (Vermont Emergency Rental Program) assistance. I got an IRS notice that said I claimed renters rebate and I didn’t.

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How to figure cost basis. The brokerage was bought out by Computershare in 2011. We sold the stock in 2022 and a large portion of the sale is listed as noncovered. Thanks

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Can I add acquisition financing cost to cost basis for rental propert converted from personal residence

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Can I manually enter a Schedule E? I co-own a rental property, the other owner's accountant already did the Schedule E for us.

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Hurricane Ian DR-4673-FL casualty loss question: We have a significant loss on a rental unit (decrease FMV of $321,250) Will TurboTax automatically switch us to Itemized?

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Can my account go from self-employed to the level below that? I thought for my rental property I would need this package, but I found out I don't.

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Where can i find rental car expenses section ? Cause as far as i understood “vehicle” section is only about owned car, not rented ones. Thanks

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Recently sold home after 23 months with large capital gains. Do I apply for the work-related move capital gains exemption based on the details below?

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Do you have a TurboTax Online account?

Topics with Label: TurboTax Self Employed Online