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Updated almost 8 years ago,
Turbo Tax Users in Real Estate Investing 1031's DST's and holds
Call me what you may, I like doing my Taxes on Turbo Tax (TT) so that I can do tax planning and what if's. OK I am a retired engineer but my slide rule has been packed away.
I would very much like to find an experienced REI CPA who can use Turbo Tax(TT) as well as their professional software. Ideally I would happily pay for tax planning and filing reviews if I could just pass them my TT file back and forth.
I think I have correctly gone through a 1031 exchange in 2016. I spent an hour with a CPA who was able to give me good advise but unable to comment on correctness with out spending many hours feeding my data into their own software.
In 2017 I plan a 1031 exchange into DST's which I anticipate several Schedule E's and supplied Cost Segregation Analysis information with multiple depreciation schedules starting each tax year.
Anyone with experience with these issues?