Investors & Landlords Tax Forum Q&A

Investors & landlords

All About Rental Real Estate & Vacation Rentals

You’re in great company if you’re thinking about joining the rapidly expanding group of real estate investors. Whether you want the adventure of becoming a full-time landlord or simply looking to make a little extra cash by renting out a room - or yo... read more

Is allocation of Sale of Business Property among land, building and improvements necessary?

After recording the sale of my rental property on Form 4797, Sale of Business Property) and Form 8949 (Disposition of Capital Assets) all of my depreciation is being recaptured on Line 14 of 1040, as I expected, but I didn't allocate the sale among t... read more

Sold rental property

My husband and I stopped renting out our rental property in Oct '24. Claimed that part on our taxes for 2024. Listed for sale the same month and sold in early '25. We did not have it rented at all in 2025, but that is when it sold. I have clicked the... read more

Unable to import data from Schwab or Vanguard into 2025 pc desktop

I have Premier desktop installed on a PC. I go through the import process for both Schwab and Vanguard, and it seems to run properly (including the message: "Success! We got your tax data.") . However, I cannot then "continue" to a new screen. If I h... read more

Can I enter an expiration date for your credit card that is 09 (September) or higher?

You order form does not allow an expiration higher than 08 (August) in the dropdown selection. How to you get past this?

I'm trying to get a copy of my 2024 tax return. I rent to Documents and it only showed.y W2

New Rental property, HVAC depreciation over 5 years

I rented out my old unit in July 2025. At that time I installed a new HVAC (the old was only capable of heating, not cooling). My understanding is that I need to capture this in TT as an asset which will be depreciated over 27-1/2 years. In TT I crea... read more

Form 4562 Special Depreciation Allowance Error

Getting this error on all my assets: Form 4562 Depreciation Options - Asset Entry Worksheet (Asset Name): Qualified Prop 100% & 50% should be blank. This asset is not qualified property for the special depreciation allowance. All these assets are car... read more

Mileage deduction for rental property and trading in the car for a new car

I have been deducting the mileage for use of my car to drive to rental properties (about 4% of annual rental use). I have not been deducting any other auto expenses as it is a small percentage of use. In late December last year I traded in the car fo... read more

bonus depreciation incorrect?

I'm pretty sure this is incorrect... would you be able to really take 40% bonus deduction on a foundation repair and porch rebuild for a rental property?

May I enter my depreciation of a rental property now

It is February 18th is Turbo Tax Online ready for me to enter my Depreciation of a rental property

why would my "investments and Savings" Income total be missing when all have been entered? TY!

Import from Interactive Brokers does not work

Hello,First of all I do know how it is supposed to work. I've generated Query ID and Token in IB and I am typing these in the right place. I know it's correct since if I mess it up on purpose I am getting different results (login error).When I do typ... read more