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Updated 4 months ago on . Most recent reply

User Stats

63
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Greg Schreffler
  • New to Real Estate
  • Atlanta & O.O.S.
31
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63
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Turbo Tax Software

Greg Schreffler
  • New to Real Estate
  • Atlanta & O.O.S.
Posted

Is the Turbo Tax software a reliable option for doing taxes that include real estate investments, out of state, personal?

Thank you!

  • Greg Schreffler
  • Most Popular Reply

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    Basit Siddiqi
    #4 Tax, SDIRAs & Cost Segregation Contributor
    • Accountant
    • New York, NY
    3,693
    Votes |
    8,153
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    Basit Siddiqi
    #4 Tax, SDIRAs & Cost Segregation Contributor
    • Accountant
    • New York, NY
    Replied

    Turbo-tax is a software that has different versions(the more advanced versions allow for more capabilities and forms to be completed).

    The software, like any other, is only good as the input.
    Garbage in, garbage out.

    If your tax return is simple, someone with only W-2's and a few interest /dividend accounts, I think a software like turbo-tax is great.

    If your return is more complicated, I would consider working with an accountant.

    business profile image
    Basit Siddiqi CPA
    4.9 stars
    76 Reviews

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