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

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Ramy Man
  • ashburn, VA
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Software like Turbotax vs Tax accountant

Ramy Man
  • ashburn, VA
Posted

I bought my first rental property last year and started renting for the first time. I am trying to figure out whether to use a tax software like Turbotax or go with a tax accountant to do tax filling this year. Tax accountants seem to be fairly expensive so trying to figure out if it will provide me with that much extra return more than a software tool. I know it will be more convenient but not sure if the return will be any different. Any advice on what you guys do?

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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

@Ramy Man

No, with one rental property, an accountant will not increase your refund more than what he would charge.

This is not the point of hiring one though.

  • Michael Plaks
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