To be honest, I have found TurboTax’s whole approach to investment properties inadequate. From placing the property into service until final sale, the questionnaires simply aren’t designed to ensure that someone with little to no prior experience enters the correct information. I wouldn’t recommend it to a first timer. It took quite a bit of research and working around the program’s limitations to make sure it came out correctly. This isn’t really acceptable for a program marketed towards do-it-yourself homeowners. It seems that, with minimal additional investment, they could design better questionnaires that would guide people to better outcomes. I’m not sure why they don’t fix the shortcomings.
