https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sat, 18 Apr 2026 14:24:21 +0000 https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140657 Sat, 11 Apr 2015 13:07:17 +0000 Anagram 2140657@https://boards.hellobee.com/ <p>@MrsADS: we've done our taxes on our own for years, no problems yet! I feel like the tax software makes it pretty easy, I was just missing the depreciation part. It ended up not evening mattering though, because with my other rental expenses, my net income is still $0, with or without the depreciation. </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140645 Sat, 11 Apr 2015 12:47:37 +0000 MrsADS 2140645@https://boards.hellobee.com/ <p>Just as a warning.... we tried to use tax software the first year we had our rental property and it ended up saying we owed a LOT of money. We finally called an accountant to review them. She saved us literally almost $3,000. For us, it is worth the ease and peace of mind for the small price of just having an accountant do it - it is too complex with the rental! </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140612 Sat, 11 Apr 2015 11:39:35 +0000 sarac 2140612@https://boards.hellobee.com/ <p>We've always used H&amp;R Block's software. Well worth the money. Thankfully, we closed on the sale of that house yesterday, so that's one less hassle in my life! I'm so thrilled. </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140496 Sat, 11 Apr 2015 08:11:33 +0000 Mrs. Jacks 2140496@https://boards.hellobee.com/ <p>If I remember correctly we used schedule C (is that right? It's been a couple of years) and it had a worksheet. </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140493 Sat, 11 Apr 2015 08:08:53 +0000 Anagram 2140493@https://boards.hellobee.com/ <p>@Mamasig: nevermind! Tax Act does do it, my husband just didn't know what it was and skipped that section and then didn't remember it. But I found it--hooray! </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140490 Sat, 11 Apr 2015 08:06:15 +0000 Mamasig 2140490@https://boards.hellobee.com/ <p>@Anagram: I got it a bit cheaper at sams - maybe $59? </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140487 Sat, 11 Apr 2015 07:58:29 +0000 Anagram 2140487@https://boards.hellobee.com/ <p>@Mamasig: yeah, I may have to use Turbo Tax this year....we are so cheap, we use Tax Act, because it's only like $15 to file....but then you have to do stuff like calculate the deprecation on your own, haha. </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140485 Sat, 11 Apr 2015 07:50:55 +0000 Mamasig 2140485@https://boards.hellobee.com/ <p>I used turbo tax, and it figured it out with the info it requested. </p> https://boards.hellobee.com/topic/bees-with-rental-propertiestaxes#post-2140484 Sat, 11 Apr 2015 07:47:20 +0000 Anagram 2140484@https://boards.hellobee.com/ <p>If you have a rental property...do you have a good resource or worksheet for figuring out your depreciation? </p>