Rental properties and TurboTax sm
Posted By: mlstoo on 2006-06-23
In Reply to:
Anyone have rental properties and do your own taxes with TurboTax? We used to have rentals and the accountant did the taxes but charged us like close to $400.00 for our return. We have since sold everything and this year I did them with TurboTax and really the features. Now we are thinking of purchasing another small rental and would like to know how TurboTax is with rentals. Is it easy and pretty much self-explanatory? Do you like to use it for this or do you have an accountant do it? Thanks in advance. 
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I own several rental properties, buy houses and flip them and
own several nationally-known chain restaurants.
Much more productive than pointing fingers at the government and blaming them for any poor choices on my part, most of which are fixable if you stop complaining and get off your butt!
rental
a little to late, but it always helps to take pictures (dated) of how the place looked when you left.
A similar thing happened to my sister but in our state, they have a renter/landlord board and she was a bit more informed then her leasing company thought!
Since she knew how they operated, she just waited till the carpet crew was there putting NEW carpet in, took a few dated pictures of them in action, then was able to shove the carpet "cleaning" bill in their face.
With her rights info on hand, she got the full deposit back and warned everyone else in their community.
Rental Fees
I noticed that several companies are charging their employees rental fees for equipment/software. If one was in-house, they would not have to pay a rental fee. How are these companies getting away with this? Why would you, an employee, agree to pay for their equipment? The only time you should pay a rental fee is if you are an independent contractor. As an employee, you do not pay to work for the employer, they pay you!
I am just amazed that companies are actually charging their employees to work for them!
OP specifically said wants rental on...nm
rental cars
I am in Arizona and I usually have my best luck with Avis. Hey where are you in Arizona??
Just moved out of a rental. This just burns me up..
We just bought a house and moved out of a renal townhome that is owned by a huge property management company. I always always go the extra mile to make sure I leave a place clean, way more than a lot of people. I spent hours cleaning and we didn't leave a single speck of anything in that house. The carpets were immaculate because we had plastic runns in the high traffic areas, etc. I scrubbed baseboards, window sills, floors, painted over all the scratches and nail holes (same paint), everything. Got our refund yesterday on the deposit and they charged us for ELEVEN HOURS of cleaning. In the description they said that this that and the other thing was VERY dirty, counter tops being one thing. I swear I scoured the counters with cleanser not long before I finished the job. I find it very offensive to have all these things listed as VERY dirty. They're full of you know what. Do you think it's just a racket to ding you for more money? They also charged us 160 dollars to shampoo those perfectly clean carpets. It seems like cleaning that is not beyond the usual amount should be THEIR responsibility as part of the business of renting out their units. They just want to pass on everything including routine maintenence onto their tenants. Just had to vent. 
Properties is under?
NM
System Properties
I have Windows XP Media Center Edition on an HP Pavilion Desktop.
Click on Start button. Click on My Computer. At the top of the left-hand pane is a box called System Tasks. Click on View System Info. This opens a window called System Properties. Choose the General Tab. It will tell you what version of Windows you are running at the top. The bottom tells you the kind of computer, the type of processor and its speed and the amount of RAM. In my case 1.93 GB.
Go to file, properties, and
x
Any ideas on how to get a cheap rental car? I haven't had to rent a car
in a very long time.
thanks so much!
The properties not changed, any more ideas?
NM
TurboTax!
I used an accountant for 5+ years, but 450.00 got too expensive. Used turbo tax last year and loved it, just so easy!!
I used the previous years taxes as a cheat sheet to help me fill out all the forms.
HTH
Been using TurboTax since it came out and never
I used TurboTax too, and sm
I have a small transcription business on the side, so I had my W2 to file plus several 9910 misc. income as well. This was my first year filing taxes with my own business, and it walked me right through it, asking every little detail. It was great.
Turbotax
Yes it is! I love it. Most of the calculations are done for you. You still need to have some figures in front of you when you use it though, like your home office deductions.
the properties stats still do not count headers.
Do a test to prove it. Type one word in the document and one word in the header and you will only see a count for the word in the body of the document.
Make sure that the Properties haven't been changed.
Open the document that you want to print, choose Print from the File menu and then select Properties. Click on the Layout tab and make sure that you're printing one page per sheet.
If you change the color in the properties/appearance, it does NOT
transfer to another computer. You are only changing your Windows settings. If you use one of the stationery themes within Word, that does transfer.
problem with display properties screen sm
I am trying to change some settings for my display. When I go into the display properties screen/appearance there are three boxes that are "locked" and I can't get rid of them.
The top one says "message box", the one behind that says "active window" and the third one behind that says "inactive window". They are like error boxes stacked on top of each other. It won't let me "X" them out or anything. Its like they are locked, so I can't change change the appearance of my monitor. I have rebooted and done everything I know to do and can't get rid of these boxes. The other options tabs for my display work fine though.
TurboTax software
or one of the other tax programs will lead you through the process and make it very easy if you don't want to pay someone to do your taxes. Just make sure you have all your documentation handy and let the TurboTax program do the rest.
why not try to use turbotax and have a cpa look it over the first year
you can still use turbotax to do your personal taxes and just use a cpa to do your business taxes. I use mine for my corporate taxes but do my personal via Turbotax. It gets better each year as it keeps importing data.
TurboTax is good.
nm
tax Q&A - TurboTax, under 2 weeks
nm
TurboTax or TaxCut
Which program do you think works better?
No, I need to work with some coworkers with "class", not low rental boss-bashing cats!
And what I love the most - if Frank himself called one of them, or actually walked up to them in an office, they'd fall all over him, gushing about how great he is to work for! Guaranteed! Its just so "catty" to claw his eyes out on an anonymous message board and giggle, giggle, giggle. I'd be saying the same thing to their faces as well, except I'd probably be their supervisor and would be canning their catty behinds.
take a report you get the gross pay for and do a file/properties/statistics
get the total character count with spaces and divide by 65 I think 6.5 gross line will put a little over 8 cents per 65 character line with spaces.
Nobody (well hardly anybody) gives raises. If the work is easy, you know your account, you might not find greener pastures.
You could take on a part-time account instead of just quitting the one you have, sometimes that switch is a wrong move, anything to break the fall.
Also, MP Count is a free software for line counting and invoicing. Its on the MedPen website.
so, with 5 income properties, how did you come to have only 4000 for a cushion? What happends to y
If you are Christians I'd think you would know about steweardship, living within your means, being prideful. I find it hard to believe someone with income property didn't know what closing costs would be..you get paperwork early on that idicates approximate costs..they are usually fairly accurate, and never 2000 off. Good luck and keep us posted.
I used on-line TurboTax and it was free
nm
TurboTax Home and Business.
I've used TurboTax for self-employment
and never had any troubles at all. I've used them for about 4-5 years now.
Did mine through TurboTax, got it via DD in 7-8 days.
xx
TaxAct and TurboTax will work for self-employed.
No need to buy the expensive business versions of them either. I don't know about TaxCut, but I'm sure it's the same. No, you do not have to prepay your taxes quarterly either. The first year is considered a "trial run" meaning that you need to establish a base pay before they can establish a quarterly tax payment amount due. I've been self-employed for 10 years now and have never made quarterly tax payments because I've never owed.
Used TurboTax & Hubby said go to our tax attorney just to be sure u got everything back you could he
x
you need to change your properties of those file types to open with ES and not media player. sm
go to your folders by start, explore. find where you saved those files to. once you find a file, right click on it and click on properties. under the general tab, look down 3 lines to where it says open with and i bet it says media player. click change, find the express scribe program. make sure you check that box under there that says always use this program to open this type of file. then you can either right click again, click open with, select express scribe and it will automatically load in ES or you can hit the load button on ES, find where the file is saved, select and it loads it. if this doesn't work, email me.
Painting, painting, painting our rental house sm
Tenants want to move in asap. I'm a nice landlady. I said they could have a month's free rent and didn't have to pay a deposit if they came and helped. (My kid and his girlfriend) I'll paint, they can wash cabinets, woodwork, windows, doors and shampoo the rugs. Just 3 more rooms to go....
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