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Updated over 7 years ago on . Most recent reply presented by

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80
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Joe Capobianco
  • Old Bridge, NJ
11
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80
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New home owner filing tax return

Joe Capobianco
  • Old Bridge, NJ
Posted
I bought my primary home in may and this is the first time I’m going to be filing my tax returns that’s more than just my income from my job. I usually go to H&R block but wanted to try to find a local accountant to help me with this. I wanted to know from other home owners if it’s worth it going to a local accountant or just quickly go to one of these franchises? I assume an accountant will be more expensive but will be more detailed as H&R Block is a quick in and out and I feel like I’m not getting my moneys worth.
  • Joe Capobianco
  • Most Popular Reply

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    Ashish Acharya
    #2 Tax, SDIRAs & Cost Segregation Contributor
    • CPA, CFP®, PFS
    • Florida
    3,281
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    Ashish Acharya
    #2 Tax, SDIRAs & Cost Segregation Contributor
    • CPA, CFP®, PFS
    • Florida
    Replied

    @Joe Capobianco

    Usually just owning a primary residence does not make your return any more complicated because you can’t take any depreciation. 

    The only difference now is if you take itemized deduction, you will get numbers for an interest, tax, and points paid from the form that bank will send you and you just input it in the software. 

    Not trying to convince you to do your own return if not comfortable. 

    But just just owing a primary residence does not create any tax planning opportunities that warrants an accountant. 

    My personal opinion. 

    If few hundred dollar is not a issue, you might as well go to accountant assuming you will start on REI.

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