Tax return for STR-owning LLC -- hiring CPA or DIY with TurboTax

[Mike Leng]

My new STR property is owned by a multi-member LLC (consisting of my family members). It's my first STR and first LLC. No income this year, but did have expenses, so I want to capture the loss and carry it to 2021. I am wondering if I can save some money and just do the tax myself by using TurboTax Business, especially because it's the first year of LLC with only a couple of expense items? Anybody has done the 1065 form themselves and can share with me the pros and cons?

[John Underwood]

A Good CPA will save you money over their fee.