AnnetteB6
Expert Alumni

Investors & landlords

You will either need to use TurboTax Online Premier or higher, or one of the CD/downloaded versions of TurboTax (preferably Premier or higher).   Any of the CD/downloaded versions will have all the forms you need, but the higher versions will give you more guidance along the way tailored to the more complex situations such as rental income and expenses.

 

Before you begin, be sure that you have a complete packet of information from your accountant, including a depreciation worksheet showing what is being depreciated, the method of depreciation used, and prior depreciation taken.  It is important to duplicate this in TurboTax and continue the same method used in the past.

 

 

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