Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Rich Semakula
  • Centennial, CO
2
Votes |
5
Posts

Filing Taxes

Rich Semakula
  • Centennial, CO
Posted

Hi There,

Just wondering if there is an advantage or difference between filing taxes using a Schedule E vs using a Schedule C.  Could someone please help clarify?

Thank you in advance for all your help!

Rich

Most Popular Reply

User Stats

1,561
Posts
2,285
Votes
Brandon Hall
  • CPA
  • Raleigh, NC
2,285
Votes |
1,561
Posts
Brandon Hall
  • CPA
  • Raleigh, NC
Replied

@Chin P. The value of a CPA isn't realized from simply tax preparation. Of course you can use TurboTax, and probably have somewhat accurate returns, however TurboTax doesn't evaluate your financial and real estate goals. TurboTax doesn't help you plan for the future. And if you get audited, you can't run to TurboTax for help.

Regardless, I highly recommend reading up on various tax laws and publications that will affect your unique situation as it's always beneficial to be informed. 

Loading replies...