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Updated about 1 year ago on . Most recent reply

Jason Sung's profile image
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Jason Sung
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  • from Dallas, TX
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Jason Sung
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Jason Sung
  • Investor
  • Dallas, TX
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Tax, SDIRAs & Cost Segregation

Tax return cost: CPA vs Turbo Tax

Jason Sung
  • Investor
  • Dallas, TX
Posted

Hi, 

I have a W2 job (my wife stays home and I have two kids) and owns a few SFH as rental. I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000. Is this amount normal?

It seems TurboTax® Premier is for RE investors to file tax by themselves. Is this a good option, instead of relying on a CPA? 

Dallas, Texas
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John Underwood
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  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

How much money might you lose by not using a CPA over doing it yourself with TurboTax?

Answer: more than the cost of TurboTax.

  • John Underwood
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