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Updated over 8 years ago on . Most recent reply

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Miles Curtis
  • Engineer
  • Philadelphia, PA
0
Votes |
5
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Tax time coming up, which TurboTax to use??

Miles Curtis
  • Engineer
  • Philadelphia, PA
Posted

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

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1,217
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903
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Chinmay J.
  • Investor
  • Northern, VA
903
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1,217
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Chinmay J.
  • Investor
  • Northern, VA
Replied

@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.

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