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re: Bought first house this year- turbotax or cpa?

Posted on 1/7/16 at 11:04 am to
Posted by Salmon
On the trails
Member since Feb 2008
83631 posts
Posted on 1/7/16 at 11:04 am to
quote:

Turbo tax has been idiot proof, but didn't know if first time home taxes were difficult enough to require a CPA


they aren't
Posted by OMapologist
Member since Oct 2015
594 posts
Posted on 1/7/16 at 12:34 pm to
Between

loan origination fees
processing and underwriting fees
title insurance
home insurance
mortgage insurance
daily interest charges and mortgage interest
property taxes
and home improvements

buying any home (particularly a first home) usually has numerous effects on ones taxes.

Whether or not it is worth it to get it right on your tax return is another story, but usually it is.
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