All Forum Posts by: MIke Adler

Thank you Marc! Appreciate the reply. I'll give TT a try. 

Hey @Marc Howard - thanks for the reply! Do you know if I can file state with TT if I've already filed federal with FTUSA?  Also, are you sure that TT supports the form for RE bonus depreciation? The link you sent isn't working and FTUSA said they only support 3885a for small business.

The investments are in Texas, so luckily we don't have anything to file there!

Hi BP community,

Invested in my first real estate syndicate last year. Received the K1 from the partner and completed the federal return easily. How can I accurately complete Form 3885A for my real estate syndicate investment when my tax preparation software, FreeTaxUSA, does not support it? Does anyone know if TurboTax supports this in their state return software? Additionally, are there any other forms I need to submit for this investment?

Also - FreeTaxUSA was a nightmare and I do not recommend using their software for returns that are slightly more complex. I received conflicting messages from many of their enrolled agents.

Thanks!