Personal Finance
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

Tax time coming up, which TurboTax to use??
I will be filing my federal and state taxes for the first time as a co-owner of an LLC that owns 3 rental properties. I've always been a TurboTax user and I'm hoping to get some advice on which product of theirs will best help with my preparation. Based on my research, I think I may need the Turbotax Premier, but this seems like it may be deficient for capital gains reporting, which is also a small part of my overall income.
About me: I work full-time as an engineer. This is my primary source of income. Real estate LLC is part-time/after hours and is my secondary income. Third would be capital gains and dividends from stock.
Any advice would be greatly appreciated!
Thanks,
Miles
Most Popular Reply

@Miles Curtis - I would develop relationship with a qualified CPA at this point and NOT rely on TurboTax or such accounting software. Although a tad bit expensive, its well worth getting a CPA to do your taxes. I am in more or less same boat as you are.