Isabel Owen
TurboTax Business, Schedules L and M-1
Using TurboTax Business to do my taxes, and it has been great besides this one issue preventing me from e-filing. On form 1065 Schedule B, the instructions state that you do NOT need to complete schedules L, M-1, or I...
Ali Javid
How did you manage taxes when you started out?
I try to be frugal and dedicated.I read books on the tax benefits of real estate. I then filed my first year with TurboTax and was all of a sudden surprised. A lot of tax deductions didn't apply to me due to my income...
John Jones
Could be late filing rent taxes - but owe 0 - Am I in trouble?
I had to rent out my place to help my mom after my dad became ill then passed away. The point is that sort of thing caused me to get swamped, and I never intended to rent. So filing is new. I want to get it done ...
Shane Moss
Turbo Tax Premier or an Account?
I'd like to know what the general consensus is on using tax software such as Turbo Tax Premier vs an accountant.
I searched for a question like this already and found someone asked it a few years...
Brad Fletcher
Turbo Tax & Rental Depreciation
There’s a question on Turbo Tax that we’re stuck on. Do we take all depreciation this first year as an expense or depreciate over the useful life? Not sure if I’m even asking the question properly but it says in Turbo...
Greg Schreffler
Turbo Tax Software
Is the Turbo Tax software a reliable option for doing taxes that include real estate investments, out of state, personal?
Thank you!
Kevin Siedlecki
Turbo Tax for Investors?
Does anyone with multiple LLCs and multiple properties in each use TurboTax?I have two LLCs with multiple properties in each, and I am pretty confident in my ability to enter the data myself after doing it with an acc...
Sanjay Gupta
TurboTax Home and Business
I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
Jesus R.
Help with Tax form 1120S
Here is the scenario...S-corp LLC was established in Feb 2018 for residential real estate investing/flip.It started with cash deposits from both managing members to purchase a single family home in Feb 2018 for $80k. ...
Amy E.
LLC Tax Forms (K-1, 1065, 8825, etc)
This is my first year doing taxes for my rental business. I have three properties in an LLC with a partner. I do my personal taxes myself with TurboTax, but I don't have anything quirky going on with my personal fin...