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

What TurboTax do I purchase to include long term capital gains from sale of vacation house?

I live in NH and need to file a Maine tax return also. Will my free State be included?

2025 Desktop Advantage Premier program will not import my 2024 return prepared filed with TurboTax desktop Advantage Premier program

The 2025 TurboTax Mac Desktop Advantage Premier program which I downloaded from TurboTax will not import my 2024 return prepared and filed with the 2024 TurboTax Mac Desktop Advantage Premier program. The 2025 program identified the correct 2024 retu... read more

Sch E property tax question - conversion to rental

I converted a home I own from a residence to a rental halfway through 2025. My property tax bill for the year is payable in either December or January. I understand that if I pay it in December, I would deal with it on my 2025 return and apportion th... read more

Re: Deduction of HOA fees on a rental property

No. Your HOA fees do not become a deductible rental expense until the property is placed "in service" and is available for rent. Generally, this is the day you put the "FOR RENT" sign in the front yard. But to be more specific, the property is not co... read more

Taxes on sale of property

if you sell a home that you’ve lived in for at least two out of the last five years that was also partially and intermittently rented over several years, when you sell it, do you have to pay only depreciation recapture or do you have to also pay capi... read more

I will have owned my home for 12 months and am thinking of renting it. How will this impact my capitol gains and what should I be aware of regarding potential loss?

Home is in Oregon.

when will the rental property update be available for Turbotax 2025 desktop? It's January 3rd, and it's not available yet

Lease RV space with shared portion of building

I live in an RV on property I purchased in May. I rented out an RV space for another person who lives in their RV for the month of December and the lease extends through next year. We share facilities in another building on the property. How would I ... read more

Thee 475(f) election

A friend of mine is thinking about making the 475(f) election when he/she filed her 2025 income tax return. I understand the election would start applying in 2026. The primary benefit for the friend would be that the wash rule would go away. However,... read more

I own rental properties. Can I deduct the cost of buying a light truck that will be used 100% on the rental properties?

can Turbo Tax handle ending rental on a 1031 Exchange?

Stop rending property bought through 1031 exchange?

NUA Stock Sale and 3.8% NIIT

I have NUA (net unrealized appreciation) stock from my employer which was distributed last year (Sept, 2022). I paid ordinary income tax on the cost basis, which was reported in Box 2a of my 1099-R. I have already sold some shares in 2023, so the dif... read more

Does "stepped up basis" work the same with property inside an LLC ?

My mom has a rental property inside an LLC. The LLC members are her and my deceased father (2017).They purchased the property in the 80's (~50K), created the LLC in early 2000's.The property is worth ~$300K now. How does the cost basis "step-up" in t... read more

Selling an aggregated rental property that was once primary residence

I converted a primary residence (lived in since July 2018) to a rental property in April 2025, spending several thousand dollars preparing it. I was unable to secure a tenant throughout 2025. To maximize my tax savings, I plan to aggregate all of my ... read more