Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply presented by

User Stats

88
Posts
16
Votes
Jonathan Plant
  • Investor
  • North Pole, AK
16
Votes |
88
Posts

To file yourself or use a CPA...that is the Question?!!

Jonathan Plant
  • Investor
  • North Pole, AK
Posted

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.

  • Jonathan Plant
  • Loading replies...