Started By
Message

re: Tax Prep Software

Posted on 1/22/14 at 10:54 am to
Posted by CubsFanBudMan
Member since Jul 2008
5124 posts
Posted on 1/22/14 at 10:54 am to
Thanks for mentioning TaxSlayer. Looks like I can file my Federal on there for free. I've been playing around with it a little, and only issue I've run into so far is that I was previously depreciating my rental property with a life of 27.5. TaxSlayer didn't like it, so I rounded it up to 28.
Posted by LSURussian
Member since Feb 2005
127265 posts
Posted on 1/22/14 at 10:59 am to
quote:

Looks like I can file my Federal on there for free.
There is no such thing as a free lunch.

You have to agree to let them use your information for solicitation purposes.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 1/22/14 at 6:30 pm to
quote:

I've been playing around with it a little, and only issue I've run into so far is that I was previously depreciating my rental property with a life of 27.5. TaxSlayer didn't like it, so I rounded it up to 28.
I have not used TaxSlayer, but I can't believe it doesn't allow for 27.5 year recovery for residential real estate assets. That has been the required useful life for such assets placed in service after December 31, 1986. I seriously doubt TaxSlayer has been calculating depreciation incorrectly. Their software must pass an IRS validation every year.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram