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Updated over 5 years ago on . Most recent reply presented by

Account Closed
  • Minneapolis, MN
4
Votes |
17
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Best free file tax program with Schedule E support

Account Closed
  • Minneapolis, MN
Posted

On this IRS Webpage there is a list of free file tax services. I was wondering if they help you with Schedule E rental income and expenses, including depreciation.

I've used them in the past when I was just an employee serf. The last few years I've been at a firm that lets us file on their pro tax software, but I'm no longer there. I have 3 properties plus my house which I've been house hacking and depreciating for 3 years (a CPA got the ball rolling on that so I am sure the numbers are good). That's pretty much all I want from a program as well as the ability to free file in the state of MN. I started doing the HR block but I couldn't get past the W-2 section since I didn't have mine on hand, but I'm suspicious if it will have that or ask me to upgrade and pay. 

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied
Originally posted by @Account Closed:

It seems that HR option at the IRS site allows Schedule E. I prepared most of my return, just giving myself time to think of what I'm forgetting. They have it all and it works- I'm just scared they're going to ask for $50 when I'm ready to file. 

If you're scared of $50, maybe real estate business if not for you.

  • Michael Plaks
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