I am interested in using this site, but unclear on the K1 form. It sounds you receive a consolidated K1 form, which is fairly simply to capture at the federal level.
My concern... is it then sounds like you would have to complete separate state tax returns for any state impacted?
If so, then that could get costly since turbo tax costs about $40 for each state I believe.
Is my understanding of this correct? If so, how much does a CPA usually charge you to complete this (ex. say 10 states impacted) vs. 400 for turbo? And if you received a K1 from Fundrise... how many states did yours impact?
any thoughts would be appreciated, thanks!