Re: Tax time!
I am glad John asked his question. And yes, John, I have used Turbo Tax for several years, and have bought a house twice, and gotten married once, and it walks you through it, easy as pie. You shouldn't have any problem.<br /><br />If I may hijack a little. I need the group's opinion on my tax year, and if Turbo Tax will get me by:<br /><br />Married last year so no problem there but: Interest on two home loans, property tax paid on two homes, sold one home at a net loss, $25000 bonus paid in Feb 05($16000 net after withholding),had child in July, have close to $4000 out of pocket medical expense, bought car to start business where I am self employed, remodeled room downstairs that I will use 1/3 of as office, installed second phone line exclusively for business, purchased office furniture/computer equipment, drove car several hundred miles for business, only got paid $390 for the work I have done so far (much more is in receivable file, but not paid to me yet), interest on savings account, collected unemployment for about two months(had 10% withheld), Withdrew over $9000 from 401k to by car (car was $7600, but 401k withheld 20% for penalties and assumed income tax), converted remaining $1200 in 401k to IRA.<br /><br />SO what do you all think? Will I be able to get all these 1099's, and be able to follow along with Turbo Tax (I have all medical payments records and expense receipt for the new business). Or should I go to a pro this year, and also get the forms I will need to file quarterly from now on?
