Last year, Congress changed the tax rules on December 17th. The problem is there’s always some last minute change to the tax code. Turbo Tax tries to get its product to the shelves by December for customers to buy it. #Chnage name turbotax return installYou have to install the updates before you file your tax return or it could easily be wrong. This isn’t a Turbo Tax problem so much as it is a user error. Problem 3: Not updating the program before you e-file. And there’s no excuse for buying the wrong one: go to their web site and do their quiz to determine which package is right for you. #Chnage name turbotax return softwareOf course I will gladly prepare a depreciation schedule for your property (for a fee), but if you don’t use the correct software when preparing your tax return, there could be other problems that you won’t realize like passive income limitations (sounds like I’m speaking Geek doesn’t it? I am.) The right software will keep you out of trouble. Yes it does, if you buy the Premier edition. I’m always amazed when people call me for help because they want to depreciate their income property by hand because Turbo Tax won’t do it for them. I cannot stress this enough, if you need the more expensive package, don’t be cheap – buy it.
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