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

Original loan 2017 refinanced in 2020 rate and term or cash out for purpose of tax

We had an original loan of 708k in 2017. We refinanced to pay off mortgage assistance we also had when we purchased the house. When we refinanced in 2020 funds to borrower (us) was 0 shown on the documents and due from Borrower at Closing 04a Payoff ... read more

can I deduct real estate taxes on my rental?

How do I deduct real estate taxes on my rental

how to enter sale of rental property

rental properties information don't transfer after transfer previous year tax file success

I did transfer 2024 tax file to 2025 success. But rental properties information didn't transfer. I need depreciation forms from previous year. What I should do?

Homeshare: Assigning appropriate proporation of expenses

I shared 1/2 of my house for 1/3 (4 months) of the year. How do I calculate what fraction of expenses (property taxes/insurance/utilities/maintenance/supplies) I may deduct? My inclination is 1/2 * 1/3 * total annual expense, but would like to clarif... read more

Where to enter crypto sales without a 1099 on TT 2025 Premier Desktop

The bulk of my buys/sells are on Defi platforms like Uniswap, Raydium, Pancakeswap, etc. No 1099 forms issued of course. Where do I enter these sales? It would seem to be under Investment Income but that says "1099-B, 1099-DA or broker statements". T... read more

where do i show 1099-misc income from rental on a cell tower?

We had our broker sell or dispose of some of our holdings. Turbo Tax is asking if we bought every investment listed on the 1099-B. Is this a Yes or No?

We told our broker how much cash we wanted, she chose what to close out.

Deducting expenses for new rental not yet rented

Hello,My property manager put my house up for rental in November 2025 (listed on Zillow, etc) but did not find a tenant until January 2026 so I have no rental income to report in 2025. However, I would like to be able to deduct some expenses (landlor... read more

I'm reaching out about form 8854- does a short term resident of 4 years needs to file it? I can see it says those who must file are citizens or LT residents of 8+ years.

Hello, I'm reaching out about form 8854 with an eligibility question. I can see in the instructions on IRS.gov it says those who must file are (1) citizens or (2) long term residents as defined below (residents of 8 years + in the last 15 years). Wha... read more

Turbotax workflow for entering Crypto transactions without a 1099-DA

For DEX crypto transactions that have no 1099-DA, what is the workflow in Turbotax, i.e., how is one to initiate dialog on Turbotax to enter these transactions? For e.g., if I go to Wages & Income, then under Investment Income, I click Update next to... read more

Can I continue depreciation based on history?

Turbotax-on-line doesn't have my previous tax returns. Those were filed with Turbotax on my PC.

How to split capital gains distribution between two state returns since we moved mid-year? My 1099-DIV doesn't give the date that the capital gains distribution was made.

Since I'm not sure what date the distribution was made, I'm not sure if I split it in half and put half on our NY return and half on our IA return? We moved to IA from NY on 7/28/2015.My question would also apply to how we handle the interest income ... read more

Does Turbotax use 1099-B "Proceeds from Broker" transactions if no cost basis is reported and instead "Supplemental" transactions are used

I’m going to start by trying to ask a general question, and then I’ll give details on why I’m am asking: Q: If all transactions in the 1099-B “Proceeds from Broker” section do not have a reported cost basis and instead turbotax uses the transactions ... read more