- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Bought first house this year- turbotax or cpa?
Posted on 1/7/16 at 8:35 am
Posted on 1/7/16 at 8:35 am
I've done my own taxes via turbo tax for the last several years. I bought a house this year (first time homeowner) and was wondering if turbo tax is sufficient or if I should look into a CPA.
Turbo tax has been idiot proof, but didn't know if first time home taxes were difficult enough to require a CPA. Usually get my taxes done for about $100 with turbotax so don't know if I want to spend the extra for CPA if I can do it myself.
Thanks!
Turbo tax has been idiot proof, but didn't know if first time home taxes were difficult enough to require a CPA. Usually get my taxes done for about $100 with turbotax so don't know if I want to spend the extra for CPA if I can do it myself.
Thanks!
8
Posted on 1/7/16 at 8:50 am to Rollwave034
I kept using turbo tax after j bought my house: it is the one the actually told me I got the first time home buyers credit. I bought it from family but turbo tax spelled it out for me and my sister was not family according to the tax law
Posted on 1/7/16 at 9:03 am to Rollwave034
Keep using turbo tax.
Posted on 1/7/16 at 9:55 am to Rollwave034
TURBO TAX. very simple to use. Until you get a shite full of investments and it gets complicated then go to a CPA.
Posted on 1/7/16 at 10:36 am to Rollwave034
Because you bought a home this year, you'll want a CPA to look at your situation. Any other year of home ownership and you may be able to perform the return on your own.
Any spouse, kids, supplemental income, or chance of taking itemized deductions and you'll definitely want a CPA to do it.
For reference, the lowest fee at my firm for a simple tax return is $150.
Any spouse, kids, supplemental income, or chance of taking itemized deductions and you'll definitely want a CPA to do it.
For reference, the lowest fee at my firm for a simple tax return is $150.
Posted on 1/7/16 at 11:04 am to Rollwave034
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 on 1/7/16 at 11:22 am to Rollwave034
owning a home shouldn't require you to use a CPA
Posted on 1/7/16 at 12:05 pm to Rollwave034
Why is turbotax costing you so much? I do mine for for our household and it is only like $40.
Posted on 1/7/16 at 12:34 pm to Salmon
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.
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.
Posted on 1/7/16 at 1:03 pm to LSUSUPERSTAR
Well, $100 between state, federal and the audit protection.
Posted on 1/7/16 at 1:40 pm to OMapologist
Just type the numbers in the boxes like your CPA's secretary would do.
Posted on 1/7/16 at 1:44 pm to iknowmorethanyou
exactly
or an intern
or an intern
Posted on 1/7/16 at 3:02 pm to iknowmorethanyou
I looked and I couldn't find the box for "loan origination fee"... weird
Posted on 1/7/16 at 3:04 pm to iknowmorethanyou
quote:
iknowmorethanyou
Not about taxes...
Posted on 1/7/16 at 3:08 pm to OMapologist
quote:
Not about taxes...
So mad
Posted on 1/7/16 at 3:10 pm to OMapologist
quote:
I looked and I couldn't find the box for "loan origination fee"... weird
It's not complicated for anyone with half a brain. If I were still working for my dad, I'd be completing this guy's return anyways.
Posted on 1/7/16 at 3:10 pm to 13SaintTiger
quote:
So mad
No, just correct.
Posted on 1/7/16 at 3:12 pm to Golfer
quote:
It's not complicated for anyone with half a brain. If I were still working for my dad, I'd be completing this guy's return anyways.
Come on. The tax code is mind numbingly complex. If you've ever read any significant portion of it you could not deny this.
Turbo Tax works fine for millions of people, for millions of others it does not.
Posted on 1/7/16 at 3:13 pm to Rollwave034
This is the time to be worried about filing for Homestead...normally Jan.-Mar.
Posted on 1/7/16 at 3:13 pm to OMapologist
It isn't complex for someone itemizing deductions or applying credits related to buying a home.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News