To file yourself or use a CPA...that is the Question?!!
What do you think?
The numbers are looking good through TurboTax. The decision who to file through has been difficult. Should I use my CPA or continue using TurboTax like I have for the last 10 years.
TurboTax seems to have the right questions, but do they file the correct forms?
I bought and sold a home in Alaska and Ohio. I am an Alaskan resident living in Virginia with a Virginia based single member LLC and a foreign LLC in Ohio. According to TurboTax: no taxes are due in Ohio or Alaska. Plus, since I'm active duty, I don't have to file in Virginia. My other two homes in Arkansas have no impact on the overall picture at the moment since one is still for sale and the other is now renting out.
What is your opinion? Anyone with real personal experience as a flipper using TurboTax would be helpful.