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

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Rich Semakula
  • Centennial, CO
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Filing Taxes

Rich Semakula
  • Centennial, CO
Posted

Hi There,

Just wondering if there is an advantage or difference between filing taxes using a Schedule E vs using a Schedule C.  Could someone please help clarify?

Thank you in advance for all your help!

Rich

Most Popular Reply

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Brandon Hall
  • CPA
  • Raleigh, NC
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Brandon Hall
  • CPA
  • Raleigh, NC
Replied

@Chin P. The value of a CPA isn't realized from simply tax preparation. Of course you can use TurboTax, and probably have somewhat accurate returns, however TurboTax doesn't evaluate your financial and real estate goals. TurboTax doesn't help you plan for the future. And if you get audited, you can't run to TurboTax for help.

Regardless, I highly recommend reading up on various tax laws and publications that will affect your unique situation as it's always beneficial to be informed. 

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