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11-27-2019, 12:55 PM
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#141
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Full time employment: Posting here.
Join Date: May 2011
Location: Twin Cities
Posts: 523
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 Quote:
Originally Posted by Letj
Do you prepare schedule Es for the rental or schedule C? My understanding is that you need to do schedule Es even though they are owned by LLCs.
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Actually, the rentals aren't in the LLC. I'm also a Realtor and wife did IT consulting (until retiring this April). I just get extra liability insurance for the rentals.
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11-27-2019, 01:57 PM
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#142
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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I just do what TurboTax tells me to do.
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11-27-2019, 02:01 PM
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#143
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 12,642
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Quote:
Originally Posted by gerntz
I just do what TurboTax tells me to do.
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Yep. You have the same system as me  .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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11-27-2019, 02:05 PM
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#144
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Recycles dryer sheets
Join Date: Mar 2010
Location: Just south of Rochester
Posts: 119
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Quote:
Originally Posted by gerntz
I just do what TurboTax tells me to do.
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Same here
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11-27-2019, 02:27 PM
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#145
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,102
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I do a few interview questions, get bored, and go forms mode.
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11-27-2019, 02:41 PM
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#146
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Recycles dryer sheets
Join Date: Dec 2018
Posts: 90
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Quote:
Originally Posted by oscar1
When I started doing IRA conversions, I had a tough time finding anyone that knew anything about them (this blog, however, was instrumental because all you folks seem to know that one). Then I found Block Advisors. An off shoot from HR Block but Sr. Level tax experts. They understood everything I was asking and at $55/hr, I can pay as I go. There is only one Block Advisor office in most big cities but I find this tool helpful when I need the research across all their advisors.
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Oscar, thanks for the tip on Block Advisors - I may check them out. I've used a CPA for over 10 years now. Used to do my own taxes, but during my later W*rk years I felt more comfortable with CPA as complexity increased. Now that I am retired and recovering from w*ork burnout, I am trying out the TurboTax on the side. Still not sure I feel comfortable on my own.
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11-27-2019, 04:03 PM
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#147
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2010
Posts: 5,491
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I do now and have done for the past two years. Prior to that we used an accountant. We consolidated a great deal of our finances. Completing the return is much easier now. Do not have the same write offs etc and forward tax planning is more straight forward for us.
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11-27-2019, 04:57 PM
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#148
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Thinks s/he gets paid by the post
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,346
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Quote:
Originally Posted by target2019
I do a few interview questions, get bored, and go forms mode.
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me, too. as the tax forms come in i check them off on my list and enter them into TT rather than wait until I have everything. rarely get a refund..the tax cut year was a happy exception. but if we are due a refund we file ASAP. owe? we file on or about April 1st. we always file electronically.
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11-27-2019, 08:35 PM
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#149
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Recycles dryer sheets
Join Date: Jan 2016
Location: near Phoenix
Posts: 189
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Since we sold the rentals a few years back I've been using TT. But I'll probably have to have them done this next spring. We sold our out of state winter home and bought another in the same area. Not sure how to go about that.
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