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Updated about 6 years ago on . Most recent reply presented by

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23
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14
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Chris Wilkening
  • Flushing, NY
14
Votes |
23
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TurboTax or Human - Help Me Choose!

Chris Wilkening
  • Flushing, NY
Posted

I have one property that I purchased in 2019 from a turnkey provider, so there were no expenses on my part other than getting the mortgage. The first tenant moved in in January, so there was no income in 2019.

Is the depreciation etc. something I need a professional for yet, when I haven't had any significant income/expenses on this property?
The rest of my taxes are straightforward. This property would be the deciding factor on if I hire someone, or stick with TurboTax.

Thanks everyone!

Most Popular Reply

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2,072
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1,383
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,383
Votes |
2,072
Posts
Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Chris Wilkening

Dejavú -20years ago -no BP around then. I did a turbo tax return and paid a cpa to review it-saved about a grand and money was worth more then.  I have been using the cpa ever since. Still think he does it better than me and I get advice and he provides some insurance that a mistake on my part is not “fraud” but a typo by him. Do what you do best -hire the rest. 

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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