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Updated over 2 years ago on .
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Help! I have a tax bill and not a refund for the first time!
I'm not sure if I've succeeded or failed.
This is my 8th year using TurboTax. I put in the Schedule E's for my two completely-owned properties and for my mortgaged property. I put in my W2 and my wife's W2. The software was reviewing and asked me to uncheck a box. All of a sudden, what was looking like an $8,000 return became a $4500 bill.
The team of me and TurboTax has never turned up such a substantial loss before. Have I succeeded because we made enough extra money to have to pay this tax, or failed because I'm paying tax that neither me nor TurboTax knows how to avoid?
Naturally, there's $4500 on the line here so I have to ask if there's something I can be doing better. If you are a tax professional I will definitely pay you some of the money you can save me.
Can you help?
Most Popular Reply

definitely not enough information in this post for anyone to provide any sound advice. Get a CPA to do your taxes.
- Chris Seveney
