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

I have sold stock of a private C Corp (1202 eligible). I indicated this fact, but TurboTax still adds the capital gains to my income. How do I correct this?

The gains are $400,000 and the company is well under the revenue threshold.

Form 8760 Line 5b

How to enter form 8760 Line 5b in Turbotax.

Capital gains on 2 home sales last year

My husband and I were married in 2020 and both had seperate homes when we married. We have been living in my home since marriage but my husband still had his home. It sat empty. Last year we sold both homes and put the money from them to purchase a n... read more

How do I manually enter a 1099 investment if my acct is closed? There is no link available

no link to transfer my unvstment to turbtax.what shell I do?

I have stock losses from years before 2023 that I would like to claim for my taxes in 2024.

I was able to use form 8949 using Turbo Tax in 2023. Form 8949 is not offered to me for 2024. Can you help me? I was unable to forward my 2023 taxes to 2024 taxes. I have had a few problems using Turbo Taxes for 2024 Turbo Taxes. [phone number remove... read more

Does the question "Did you own or rent your [state] home" include renting an apartment, or does it literally mean a house?

I rent an apartment that I live in full time, and I am wondering if I should select "I rented a home in Maine that was my primary residence" or if this would be incorrect.

Current year (2024) vacation rental loss not being added to prior year (2023) loss carry over

I'm using 2024 Turbo Tax Premier desktop version. I've entered my vacation rental property income and expenses and the result is a loss. Schedule E has the following information:Sch. E line 21: - $14,928 this is a lossSch. E line 22: $0 (this is corr... read more

List of investment firms doesn't include Monetta Funds

In the TurboTax Deluxe the list of investment firms does not include Monetta Funds or Monetta Mutual Funds. How do I enter form 1099 information related to Monetta Funds if the firm is not listed and you can't enter any information.

No selection to opt out of importing investment income

Turbotax Home & Business-->Personal Income-->Walk me through everything-->Do these still apply (Interest, Dividends, Distributions Etc.)-->Continue-->2024 Income Summary-->Interest on 1099-INT-->Update-->Takes you to "Lets finish pulling in your inve... read more

I have short-term rental income in a state where I don't live (NY), but it's entirely offset by expenses for the same property. Do I have to file a NY state return?

I live and work in another state, where I will be filing my resident taxes. I have a vacation home / short-term rental mixed-use property in NY, which generated revenue but did not exceed my expenses. Since expenses were greater than revenue, my taxa... read more