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Updated about 2 years ago on . Most recent reply

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Fred Kahn
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Is using Turbo Tax ok for rental properties

Fred Kahn
Posted

I have 2 rentals and do use a CPA for my tax returns.  Is it possible to save some money using Turbo Tax?  Thanks 

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Tim J.
  • Investor
  • Vermont and New York
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Tim J.
  • Investor
  • Vermont and New York
Replied
I used turbo tax for years with 4 SFRs.  You have to get the high-cost version, but it handles rental properties easily.  It's not rocket science.  Just keep track of all your costs, expenses, etc and at tax reporting time enter all the information.

I found it invaluable as a tool to learn more about tax law and play with "what-if" scenarios.

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