I am kind of clueless when it comes to taxes, and have used an accountant since buying rental houses (only one remains at this point, others sold in 2016). I also am part owner of a startup if that matters but have not received income from that.

This year the accountant switched to a POS system by Intuit that feels almost exactly like TurboTax did but the only difference is that you (unsuccessfully) try to upload documents. It seems like if I'm using this I might as well try to wade through dong taxes on my own. Is owning a rental + a percentage of the startup too complicated for it?

edit: The difference in cost I think would be about $350 since we have state income taxes in SC.

"I might as well try to wade through dong taxes on my own."

I am unfamiliar with this tax. Is this the new Ocasio-Cortez bill?

I have a rental and use TurboTax each year. It's nice to control when and how taxes get submitted and not have to exchange important documents with people.

It's really easy. Live in Texas so no state taxes though.

The Fife said:

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edit: The difference in cost I think would be about $350 since we have state income taxes in SC.

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****ing state income taxes

94chem said:

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"I might as well try to wade through dong taxes on my own."

I am unfamiliar with this tax. Is this the new Ocasio-Cortez bill?

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Obviously, the Fife is a very 'gifted' man.

I would use TurboTax and your CPA for 1 year, that way you get the history in TT and can verify it against your CPA - then drop the CPA in yr 2. Consider Taxact as well - it's cheaper and just as easy

Turbotax is absolutely easy. Just do it.

94chem said:

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"I might as well try to wade through dong taxes on my own."

I am unfamiliar with this tax. Is this the new Ocasio-Cortez bill?

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Must be a sip thing.

GigEmAgs08 said:

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I have a rental and use TurboTax each year. It's nice to control when and how taxes get submitted and not have to exchange important documents with people.

It's really easy. Live in Texas so no state taxes though.

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I live in CO, so have state taxes, but I deny the turbo tax offer. You can file for free on CO state website. Not sure why anyone would pay the extra $30 or whatever, takes all of 15 minutes on co website. I can only assume other states have same thing.

You don't actually have to pay for TurboTax until you file. So you can do your taxes with TurboTax and then transfer to one of the free filing systems for state or federal.

In college this is how we would do complex tax assignments. We would work them manually and get the completed forms, then we would input in TurboTax and print the forms and check our answers. Or you can print them copy into blank forms, print and mail.

Tecolote said:

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The Fife said:

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edit: The difference in cost I think would be about $350 since we have state income taxes in SC.

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****ing state income taxes

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I'll take my state income taxes any day over the ridiculous Texas property taxes we used to pay

10andBOUNCE said:

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Tecolote said:

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The Fife said:

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edit: The difference in cost I think would be about $350 since we have state income taxes in SC.

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****ing state income taxes

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I'll take my state income taxes any day over the ridiculous Texas property taxes we used to pay

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This.

My state income tax is less than my Tomball prop tax on our $140k house.

Zemira said:

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You don't actually have to pay for TurboTax until you file. So you can do your taxes with TurboTax and then transfer to one of the free filing systems for state or federal.

In college this is how we would do complex tax assignments. We would work them manually and get the completed forms, then we would input in TurboTax and print the forms and check our answers. Or you can print them copy into blank forms, print and mail.

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Thanks!

It's probably not that bad, but I have no clue how to handle the rental house and related expenses or anything associated with investing in and following up with the startup. Anything I can't piece together from the 2017 return or googling I'll have to ask about.

edit: and there were a crap-ton of medical expenses last year and our 2nd kid was born. We paid for part of it with our HSA.